Bitcoin Security Firm BitGo recently announced to form a strategical partnership with Genesis Trading, the US-based regulated broker-dealer. Following the partnership, both the companies will be focusing on creating a new, robust Bitcoin trading platform for private and institutional investors.
The aforesaid amalgamation brings two distinctive talents together to project safety and accuracy in an emerging Bitcoin sector. While BitGo has been actively instrumental in bringing people an enterprise-grade and insured Bitcoin security platform, Genesis Trading has made a name for being among the few Bitcoin trading platform that are regulated by FINRA and SEC. The latter had traded more than $300 million worth of Bitcoins since April 2013.
On the other hand, the rising influx of new and institutional investors into the mainstream Bitcoin market is definitely adding demands of reliability and security, something that has always been amiss in this digital currency area. By announcing a partnership, both Genesis Trading and BitGo are definitely looking towards becoming the mom-and-pop of this upcoming Wall Street trend.
Brendan M. O’Connor, the CEO of Genesis Trading, believes Bitcoin transactions to go higher in future, something that naturally reasons why they want to create an advanced trading platform at first place. “Our clients require the ability to execute dynamic trading strategies, rapidly access liquidity, and efficiently and seamlessly purchase or sell large blocks of virtual currencies,” he explained.“BitGo’s trustless secure wallet model gives us impregnable security while also retaining the level of flexibility that our clients require.”
“Genesis Trading is taking a bold new approach to digital currency trading,” reciprocated Mike Belshe, CEO and co-founder of BitGo. “We are excited to work with the great team they have assembled as they transform the Bitcoin trading environment.”