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Ethereum gets support from BitGo for 57 new ETH assets

Anoushka Shrestha



Ethereum gets support from BitGo for 57 new ETH assets
Source: Unsplash

On 9th July, BitGo announced that it will be supporting 57 new Ethereum assets. Owing to the demand for services that protect the private keys, BitGo will expand its custody products and services and support these assets.

BitGo tweeted:

“@BitGo expands ERC20 support @erc20.”

BitGo was founded in the year 2013 and has become one of the most trusted wallet providers in the Bitcoin space. It operates a Bitcoin security-as-a-service platform rooted in its innovative multi-signature technology. This multi-signature technology is used as support for its product offering by sharing keys between the user and themselves.

The BitGo platform also facilitates secure, multi-party transactions to marketplaces, exchanges, and e-commerce players. As of now, BitGo’s service is limited to just Bitcoin and Ethereum. Benedict Chan, CTO of BitGo, stated that the demand for custody solutions for alternative cryptocurrency assets has been high.

According to Robin Verderosa, VP of Product Marketing, BitGo plans to obtain a BitLicense in New York and South Dakota. The objectives that run these new moves by BitGo are offering more custodial services and adding more than 100 cryptocurrencies by the end of this year.

BitGo has been consistently taking measures to better the quality of its services. It also plans to continue adding new coins and tokens throughout this year. In the year 2017 alone, BitGo added Bitcoin Cash, Litecoin, Ether, Ripple and Royal Mint Gold.

Mike Belshe, co-founder and CEO of BitGo, wrote last December on the BitGo page:

“BitGo is committed to providing a high level of support and features on our platform, and this includes supporting forked coins that are of signification value… We’re always listening and actively gathering requirements from our customers.”

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Anoushka is a full-time journalist at AMBCrypto, passionate about writing with a degree in B.A. Combined Humanities. She holds no value in cryptocurrencies currently.



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