ChainCatcher news, according to Bloomberg, cryptocurrency custody company BitGo Inc. has launched a global over-the-counter (OTC) trading business while planning to go public. This expansion comes as institutional investors, such as hedge funds, are increasing their demand for cryptocurrencies.As one of the largest digital asset custody companies in the United States, BitGo primarily helps investors store their digital assets. According to insiders, the company is considering an initial public offering (IPO) earlier this month.In a statement on Tuesday, BitGo announced that its OTC trading division will provide spot trading, options trading, and lending services for institutional investors to facilitate margin trading. Since the beginning of last year, the company has started offering services to select clients, with trading volumes reaching billions of dollars and lending exceeding $100 million. Additionally, the trading platform is not only available in the U.S. but also covers other jurisdictions, including Hong Kong and the Middle East.

ChainCatcher news, according to Arkham monitoring, FTX has begun to distribute funds to creditors with claims under $50,000 through two distribution service providers, Kraken and BitGo. The total amount of claims involved in this round of distribution is approximately $1.2 billion.

ChainCatcher news, according to Aggr News, the crypto custody company BitGo is considering an initial public offering (IPO) as early as the second half of 2025.

ChainCatcher message, the technology company Matador Technologies based in Toronto, Canada, announced on the X platform a partnership with the cryptocurrency exchange BitGo to store its Bitcoin assets.

ChainCatcher news, according to Crowdfund Insider, Galaxy Digital Holdings has announced that it has been included in the list of staking providers integrated with the digital asset custody service provider BitGo Trust Company, Inc. This means that the collaboration will combine Galaxy's blockchain infrastructure, lending, and trading services with BitGo Trust's custody solutions, providing users with digital asset staking services.

ChainCatcher news, according to Arkham monitoring, the government address of the Kingdom of Bhutan has transferred 495.43 ETH worth 1.58 million USD into a newly created multi-signature wallet on BitGo.

ChainCatcher news, FTX creditor Sunil posted on the X platform revealing that creditors from countries such as Egypt, Iran, Nigeria, Ukraine, China, Russia, and Saudi Arabia are currently not eligible to receive distributions from BitGo and Kraken, but creditors may obtain accounts at these two exchanges.

ChainCatcher news reports that, according to Ember monitoring, FTX/Alameda has basically completed the liquidation of its held WLD tokens. FTX/Alameda transferred a total of 21.856 million WLD (approximately 58.77 million USD) to 5 BitGo custody wallets today and a month and a half ago, suspected to be sold to institutional investors through over-the-counter (OTC) transactions.In addition, since August this year, FTX has been transferring approximately 2.809 million WLD to Binance weekly. Currently, FTX/Alameda has only 334,000 WLD left (approximately 800,000 USD), with over 98% of its initial investment of 25 million WLD liquidated.

ChainCatcher news, according to the FTX claims portal, BitGo and Kraken are its distribution partners, with payment methods including stablecoins and fiat currencies.

ChainCatcher news, according to The Block, digital asset service provider BitGo announced the establishment of a subsidiary in Singapore, aiming to expand its business in the Asia-Pacific region. BitGo Singapore will offer cold storage services for over 1,100 digital assets, while also supporting features such as voice trading, automated settlement, and token management, targeting institutional users such as foundations and protocols.Previous report, BitGo obtained a major payment institution license from the Monetary Authority of Singapore (MAS) in August this year, allowing it to legally conduct digital asset services in Singapore.

ChainCatcher news, the crypto custodian BitGo has announced the hiring of former Silvergate Bank President Ben Reynolds as Managing Director and Head of US Dollar Standards. Ben will be responsible for overseeing the development of BitGo's US Dollar stablecoin, USDS, which is set to launch next year.Ben has over 25 years of experience in fintech, software, banking, and asset management. Most recently, Ben served as President of Silvergate Bank, where he oversaw the company's revenue growth and was a member of the executive team that expanded Silvergate into a publicly traded company in 2019.

ChainCatcher news, Australia's first spot Ethereum ETF Monochrome Ethereum ETF (IETH) has been listed on Cboe Australia, with a total net asset reaching $176,600 (AUD 262,500) as of 2 PM local time.The fund has a management fee of 0.50% and offers physical creation and redemption, allowing for cash or ETH trading, making it Australia's only dual-access spot Ethereum ETF.BitGo and Gemini are the cryptocurrency custodians for the ETF, while State Street Australia is the fund manager.

ChainCatcher message, the Sui Foundation announced on the X platform that it has chosen Coinbase Prime to provide custody and fund management services. Starting this week, community funds will be jointly custodied by BitGo and Coinbase.

ChainCatcher news, according to CoinDesk, BitGo plans to launch the US dollar stablecoin USDS in January 2025, offering incentives to institutions that provide liquidity to the network. USDS is backed by short-term treasury bills, overnight repos, and cash.

ChainCatcher news, according to CoinDesk, cryptocurrency custody company BitGo stated that it is filling the gap in the decentralized market by providing a one-stop, regulated, and insured custody platform for seamless digital asset ownership, unlocking, and on-chain activities.It is reported that protocols such as Worldcoin, LayerZero, Sui, and ZetaChain are among the first clients of this service.

ChainCatcher news, according to official sources, digital asset custody provider BitGo has announced that it has become the custodian for four ETF funds, including two U.S. spot ETFs from 21Shares: the ARK 21Shares Bitcoin ETF (ARKB) and the 21Shares Core Ethereum ETF (CETH). Additionally, BitGo also provides custody services for Hashdex and Valkyrie (now Coinshares).BitGo CEO Mike Belshe stated that the company offers 100% cold storage services and has served as an independent custodian for over a decade. BitGo's services include regulated cold storage, a $250 million insurance policy, and a bankruptcy-remote structure to minimize investor risk.

ChainCatcher news, digital asset custody provider BitGo has announced that it has become the custodian for four ETF funds, including two U.S. spot ETFs from 21Shares: the ARK 21Shares Bitcoin ETF (ARKB) and the 21Shares Core Ethereum ETF (CETH). Additionally, BitGo also provides custody services for Hashdex and Valkyrie (now Coinshares).BitGo CEO Mike Belshe stated that the company offers 100% cold storage services and has served as an independent custodian for over a decade. BitGo's services include regulated cold storage, a $250 million insurance policy, and bankruptcy-remote structures to minimize investor risk.

ChainCatcher news, according to Arkham monitoring, 1 hour ago, global digital asset custodian BitGo withdrew 13,100 ETH from Coinbase Prime, worth approximately 31.26 million dollars.

ChainCatcher news, according to Crowdfund Insider, BitGo announced that it has become the custodian under the regulatory framework for crypto assets of the SIX Exchange.It is reported that BitGo Europe will provide regulated custody solutions.

ChainCatcher news, according to CoinDesk, BitGo CEO Mike Belshe defended the recent collaboration with BiT Global on Wrapped Bitcoin, stating that wBTC critics have not "honestly" expressed their concerns, and said: "There is no doubt that the model proposed by BitGo and the way of storing keys is far better than any model that Coinbase can or will design."Despite concerns about Justin Sun's involvement, the deal with BiT Global aims to enhance security and expand in Asia, adopting a model that separates key custody among multiple institutions to eliminate single points of failure.