Bitstamp, one of Europe’s largest cryptocurrency exchanges, today announced that it is taking its relationship with digital financial services provider BitGo to the next level.
From tomorrow, Bitstamp is giving BitGo custody of its customers’ digital currencies—meaning, Bitstamp client assets will be transferred to BitGo wallets.
David Osojnik, CTO of Bistamp, believes the move could lead to a stronger institutional presence in the crypto space. “BitGo has been one of our most trusted partners for many years, and this is a natural extension of our relationship,” Osojnik said in a statement. “Their exclusive focus on institutional services has allowed them to develop the tech and processes necessary for running a solid and compliant cryptocurrency exchange.”