Collaboration Between BitGo and LGO Will Offer New Crypto Custody Solution
Collaboration between various companies in the crypto industry often results in brand new options for investors to cash in on in the industry.
BitGo, a cryptocurrency custody provider, recently published a press release that announced a new collaboration for their own platform with LGO Markets, a crypto exchange, according to reports from The Block.
LGO Markets only launched their exchange, targeted at institutional investors, last month, and they have not created any custody solutions for the customers yet.
Instead, their focus has been on creating a digital asset exchange that is “fully regulated, transparent, and compliant.” With the new collaboration, customers of BitGo Trust Company will have a place to store their assets.
CEO Hugo Renaudin of LGO Markets said that the two platforms “believe that there is a need for segregation of duties,” in regard to trading and custody for institutional investors.
Considering their adamancy in the satisfaction of their clients, Renaudin expressed that they would “integrate with our clients’ solutions of choice.