Crypto Custodian BitGo To Provide Custody For Bitstamp’s Crypto Assets

Announcements, News | October 10, 2019 By:

Crypto exchange Bitstamp has selected crypto custodian BitGo to provide secure storage for the crypto assets under its management.

Founded in 2011, Bitstamp is a regulated European crypto exchange and the EU’s largest by trading volume. Currently offering trading between BTC, BCH, ETH, XRP, LTC, USD and EUR, the exchange empowers individuals and institutions to reap the benefits of emerging financial technologies by unlocking reliable access to leading cryptocurrencies.

BitGo offers institutional crypto financial services and provides clients with security, compliance, custodial, and liquidity solutions. Last year, the firm launched BitGo Trust Company, a qualified custodian purpose-built for storing digital assets. At present, BitGo supports over 100 coins and tokens, and has over $2 billion in assets in wallet.

Bitstamp said in a press release that it will start transferring assets to BitGo’s wallets on October 10.

“The security of our customers’ funds is always our highest priority at Bitstamp,” Bitstamp said. “With BitGo Custody, Bitstamp’s assets will be secured on 100% cold storage technology in bank-grade class III vaults and protected by BitGo’s $100 million (USD) insurance policy.”