BitGo enables “cold storage trading” via SettleBit API

posted 8 months ago
BitGo, a digital asset custodian managing over $2 billion worth of cryptocurrency, started allowing institutions to trade directly from their accounts while the funds remain safe in cold storage. BitGo’s partnered with financial services provider SettleBit, clients will be trading directly from their custody accounts through API integration with the financial services provider’s settlement platform.

Nick Carmi, BitGo’s Head of Financial Services, said “We know that many of our clients want to be able to trade without moving their assets out of cold storage. Using our settlement API, SettleBit has created a simple and elegant solution.”
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