BitGo first to Deliver Multi-Signature Security for Over 100 Coins and Tokens

BitGo determines which digital currencies to support based on demand from institutional clients

Blockchain

BitGo, the market leader in institutional cryptocurrency financial services, has exceeded its milestone to reach 100 coins and tokens by the end of 2018.

BitGo now delivers multi-signature security for over 100 coins and tokens in its wallet and custody offerings. Stablecoins are among the new coins and tokens supported including CENTRE USD (USDC), Gemini Dollar (GUSD), MakerDAO’s Dai (DAI), Paxos Standard Token (PAX), and TrustToken’s TrueUSD (TUSD).

BitGo determines which digital currencies to support based on demand from institutional clients. At the start of 2018, BitGo multi-signature wallets supported seven coins. In April, BitGo launched support for ERC20 tokens. In July, with 57 coins and tokens supported, the company announced that it would reach 100 by the end of the year.

In just the past few months, BitGo added Zcash, Dash, Stellar, as well as support for more than 30 tokens. In addition to multi-signature wallet security, BitGo provides clients with the option to have their assets held by BitGo Trust Company, the first qualified custodian purpose-built for digital assets.

BitGo’s multi-signature security architecture uses multiple cryptographic signatures to enact a transaction, thereby eliminating the single point of failure with traditional wallets. Keys can be distributed across independent individuals, geographies, and storage techniques, which is why multi-signature is considered mandatory for high security blockchain applications.


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BitGo Multi-Signature Security Coins and Tokens

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