Bitstamp, an EU-registered bitcoin/crypto exchange and the largest within the EU in terms of volume, today announced that it will expand its partnership with BitGo to include custodianship of digital assets.
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.
“BitGo has been one of our most trusted partners for many years and this is a natural extension of our relationship. Their exclusive focus on institutional services has allowed them to develop the tech and processes necessary for running a robust and compliant cryptocurrency exchange. But, more than that, they have proven to be a great partner, committed to our mutual success as well as the further development of our industry.”
– David Osojnik, Bitstamp CTO
BitGo is a leader in digital asset services, and one of the pioneers of the crypto industry known for developing the world’s first institutional-grade, multi-signature hot wallet.
“Bitstamp is one of the most highly-regarded exchanges in the world and they chose BitGo Custody because we understand what they need to run their business. Institutions need a lot more than an app with pretty charts. They need proper security, which includes technology, people, and processes, and they need exceptional client service. We’re proud to have earned Bitstamp’s trust and their business.”
– Mike Belshe, CEO, BitGo