BitGo Announces Platform for Retail Clients

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BitGo, a company specializing in digital asset custody, has recently announced its plan to cater to retail investors in addition to its traditional focus on institutional clients over the past ten years.

Based in California, the company is launching a global version of its digital asset solutions that will provide services similar to those offered by crypto exchanges.

These services will include trading, staking, and wallet services, as well as regulated custody options through cold and self-storage solutions. Although BitGo has been primarily serving institutional clients, it plans to expand into the retail space due to increasing competition in the institutional market.

The company believes that there is a need for secure custody solutions and concerns over exchange reliability among retail investors in the crypto space. The expansion is also timely as the global crypto user base is expected to reach one billion by 2024.

Through its new platform, BitGo aims to offer secure and reliable custody services to address the current challenges faced by retail investors in managing their digital assets.