BitGo is a financial service.
They are adding locations in Germany and Switzerland. Woohoo! This was announced February 10, 2020.
This is a U.S. firm, they are regulated, and they say they process 20% of the total supply of BTC transactions.
As such, BitGo GmbH, the Swiss entity of BitGo, is a member of the country’s major self-regulatory organization, the Financial Services Standards Association, which is overseen by the Financial Market Supervisory Authority, or FINMA. BitGo’s German subsidiary, BitGo Deutschland GmbH, is now providing custody services in Germany and is set to apply for regulatory approval in November 2020.
Mike Belshe, CEO at BitGo, noted that the launch of new custodial entities in Europe follows increased demand for the services in the region in 2019.
Founded in 2013 in Palo Alto, California, BitGo initially emerged as a major platform for storing Bitcoin online. In 2018, BitGo became a qualified custodian for cryptocurrencies after the firm received a state trust company charter from the South Dakota Division of Banking. To date, BitGo reportedly supports more than 250 coins and tokens with customers spanning over 50 countries, the firm said in the announcement.
The original article can be found here:
https://cointelegraph.com/news/us-bitcoin-firm-bitgo-launches-two-new-crypto-custodies-in-europe
