BitGo offers free custody for individual investors

Summary

BitGo announced that it is offering custody services for individual investors at no cost, utilizing the same institutional infrastructure that it provides to larger clients. This decision aligns with the company's business model, which prioritizes generating revenue through trading, staking, and additional services rather than charging for basic custody offerings. Users can now trade and stake cryptocurrencies from a single account without incurring custody fees.

Analysis

BitGo: BitGo is a digital asset infrastructure and custody provider that offers secure storage, trading, and related services for cryptocurrencies. It has recently made its basic custody services free for individual investors, allowing retail users to store assets in the same institutional-grade infrastructure without fees. The company generates revenue through optional trading, staking, and other premium services. BTCTKVR: BTCTKVR is the Twitter account and platform for the Bitcoin Takeover Podcast, which covers Bitcoin and cryptocurrency developments. It shared the BitGo announcement in this news item, highlighting the free self-custody offering to its audience. Mike Belshe: Mike Belshe is the CEO of BitGo, a digital asset custody company. He is quoted in the shared post explaining BitGo's approach to providing free basic custody while monetizing through additional services like trading and staking. Vlad Costea: Vlad Costea hosts the Bitcoin Takeover Podcast under the BTCTKVR brand and is active in Bitcoin and crypto discussions. He is tagged in the post sharing the BitGo custody update alongside Mike Belshe. Product: BitGo now provides free custody services to individual investors using its institutional infrastructure, with options for trading and staking in the same account. Business Model: BitGo focuses revenue generation on trading, staking, and other services rather than charging for basic custody.

Categories

cryptodefihyperliquid

Related sources

View Original Tweet