In line with an official press release published, renowned crypto investment services firm named ‘BitGo’ will offer wallet and custody support for cryptocurrency TRX [Tron].
In line with the press-release, BitGo would add support for Tron [TRX] later this year, creating it available for the institutional investors. Therefore, Tron [TRX] joins over a hundred other different digital currencies already supported by [BitGo].
BitGo is the global largest processor of on-chain Bitcoin [BTC] transactions, processing 15% of all international Bitcoin transactions and $15 Bln of cryptocurrencies transactions per month. The company’s wallet service has over $2 Bln in assets beneath its management.
Just ‘yesterday‘, BitGo also announced its plans to provide cryptocurrency insurance for digital assets held its Business Wallet service and custodial offering through Lloyd’s of London. BitGo cryptocurrency insurance might supposedly be paid out following the loss of personal keys caused by a theft or a hack by third parties or insiders, or within the case of physical loss or damage of personal keys.
Earlier in Jan., BitGo partnered with Bitcoin OTC [Over-the-Counter] commerce platform named ‘Genesis Global Trading’ to permit purchasers trading cryptocurrency directly from [BitGo] custody. The new partnership permits [BitGo] custody purchasers to execute internal settlements on the same day, backed by Genesis’ high liquidity supported on a major network of trading partners.
Tron [TRX] – that is presently the 9th major cryptocurrency by market capitalisation – is trading at a price around ‘$0.0248 USD‘ at press time, having lost 1.23% over the last twenty four hours. The altcoin’s market cap is around $1.6 Bln at the reporting time, whereas its daily commerce volume is around $142 Mln.