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We're excited for next week's @coinalts 2024 Fund Symposium! Link up with us in San Francisco on October 16th. 👇
We have been working with BaFin for several years now. Very proud to bring real, licensed digital assets cold storage custody to the EU. Learn the difference: coindesk.com/business/2023/… #BitGo #RealCustody #QualifiedCustody #Bitcoin
Crypto security firm @BitGo has received a custody license from German regulator @BaFin_Bund By @IanAllison123 trib.al/LVNDc0O
BREAKING: 🇺🇸 Swan announces partnership with BitGo to launch first #Bitcoin-only US custodian
This again enforces the thesis to separate exchanges from custodians. Clear division of labor. Clear checks and balances. Better crypto market structure is needed ASAP.
I'm kind of confused about how an FTX bail out was necessary for liquidity when customer deposits can't be legally lent out. I'll be curious to learn from forthcoming details. I'd suggest one question for the industry at this point - if same happens with Binance, who backstops?
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