BitGo says it’s processing 20% of Bitcoin transactions

posted 7 months ago
BitGo said it is processing more than 20% of Bitcoin transactions. BitGo is a crypto custodian and issuer of hot and cold storage wallets, and they are saying that a sizable share of on-chain transactions pass through its services, a sign of power in the crypto space.

BitGo CEO Mike Belshe said “The big thing we do is try to remove single points of failure,” Belshe said. BitGo’s multi-signature key system secures assets, even if one layer gets breached – the clients hold the keys.”
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