Provider of custody solutions BitGo will provide a service of safe storage of crypto-currencies under the administration of the oldest European bitcoin exchange Bitstamp.
According to a press release, the transfer of assets to the BitGo wallets will begin on October 10.
“BitGo for many years is one of the most trusted partners and it has become a natural extension of our relationship. Their exclusive focus on institutional services has allowed to develop technology and processes required to operate reliable cryptocurrency exchange in accordance with the rules” — said technical Director David Bitstamp the Property.
The press release also noted that the assets Bitstamp will be fully protected in cold storage BitGo Custody banking level and have insurance coverage of $100 million.
Earlier, Bitstamp opened up the ability for users to make deposits and withdraw funds in pounds sterling.