BitGo, US-based bitcoin multi-signature security provider, has teamed up with Genesis Trading, a broker-dealer in the US, to streamline bitcoin wallet security and management as also specialise in trading bitcoin.
As part of the partnership, both the firms will work together to develop a secure digital currency trading platform specializing in large trades for private and institutional investors.
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As part of the partnership, BitGo will work with Genesis Trading to deliver a highly secure and flexible trading infrastructure to its private and institutional customers.
Additionally, both the companies will collaborate to create an advanced operational infrastructure to support Genesis Trading’s digital currency trading operations that includes multi-sig HD wallets, strong authentication, real-time transaction monitoring, and key signing policies.
Furthermore, BitGo has joined forces with C4 to introduce the CryptoCurrency Security Standard, a template for certifying the 10 fundamental aspects of cryptocurrency security.
Genesis Trading CEO Brendan O’Connor said: "However, 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. BitGo’s trustless secure wallet model gives us impregnable security while also retaining the level of flexibility that our clients require."
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By GlobalDataSince April last year, Genesis Trading has traded more than 800,000 bitcoin worth more than $300m.
