BitGo is a leader in institutional cryptocurrency financial services, providing clients with security, compliance, and custodial solutions.
In 2013, BitGo introduced the industry’s first multi-signature hot wallet. Today, they are the world's largest processor of on-chain Bitcoin transactions, registering 15% of all global Bitcoin transactions, and $15 billion per month across all cryptocurrencies.
BitGo supports over 100 coins and tokens, and has over $2 billion in assets in wallet. Their customer base includes the world's largest cryptocurrency exchanges and spans more than 50 countries.
In 2018, they introduced BitGo Custody and launched BitGo Trust Company, the first qualified custodian purpose-built for storing digital assets.
BitGo is backed by Craft Ventures, DRW, Galaxy Digital Ventures, Goldman Sachs, Redpoint Ventures, and Valor Equity Partners.
Despite the apparent conflict of interest, BitGo CEO Mike Belshe says he welcomes new players like Goldman and co., and has an idea of what they may have up their sleeves.
“[Goldman] would be tremendous for the industry,” Belshe says. “They’d bring five or ten billion into custody in just a few months, just by being Goldman. And then that could cause the price [of Bitcoin] to spike, and it could spike on its own by a factor of ten…I’d love to have them in the space.”