BitGo, the leader in digital asset financial services, announced that it is now offering institutional trading services through its new entity BitGo Prime. The ability to seamlessly trade from secure, insured cold storage is being offered exclusively to BitGo Prime clients, whose assets are held with qualified custodian BitGo Trust.
BitGo launches digital asset trading services through its new entity BitGo Prime. Only Platform to fully integrate lending, trading and custody.
In combination with institutional lending services launched earlier in the year, BitGo is the first digital asset financial services company to offer a deeply integrated solution with lending, trading and custody. BitGo’s transformation into a prime broker marks a new milestone for both the company and the industry. BitGo Prime’s trading services will provide institutional investors with best-in-class service, increased liquidity, fast execution and competitive aggregate pricing.
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Institutional investors will be able to trade instantly and directly from their custodial wallets with all the security, compliance and insurance benefits of BitGo Custody. Clients remain completely anonymous while trading given that BitGo Prime is their sole counterparty. Initially BitGo Prime’s trading services will be offered to investors with fully funded accounts. However, the ability to trade on non-fully funded accounts will be available through a line of credit offered by BitGo Prime.
BitGo Prime is led by Nick Carmi, who is appointed as CEO. Carmi joined BitGo last year as Head of Financial Services to build the digital asset financial services market of the future along with his team of senior Wall Street executives. The launch follows a lengthy private beta during which BitGo Prime worked closely with leading institutions to hone and refine its trading and lending offering.
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