07 Mar BitGo Unveils Pilot Institutional Crypto Lending Service
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A leader in digital asset financial services, BitGo has announced the unveiling of its first institutional crypto lending service.
The Palo Alto-based crypto company said it is joining the fast-growing business of lending out bitcoin and other cryptocurrencies to big investors.
BitGo launches institutional digital asset #lending services to its institutional clients. Built by a Wall Street team that understands institutional investing. https://t.co/KF9oVPvwRm #digitalassets #financialservices #Institutionalinvestors pic.twitter.com/u0HjeuaXa6
— BitGo (@BitGo) March 5, 2020
The pilot of BitGo’s lending service is slated to begin March 6. And this comes after a long month of a private beta test.
Founded in 2013 by CEO Mike Belshe, the digital asset company began testing the new service a few months ago. And has already racked up about $150 million in open loans.
Nick Carni, former Deutsche Bank executive and current BitGo’s Head of Financial Services, said the service was initially…
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