The number of assets supported by BitGo has exceeded 100 with the addition of new stablecoins
The developer of a cryptocurrency wallet and other custodial solutions, BitGo, now provides storage services for 101 blockchain assets, CoinDesk reports..
As the company emphasized, stablecoins USD Coin (USDC) and Gemini Dollar (GUSD) were included in the last wave of assets added to its platform, which became an addition to the previously integrated Dai (DAI), Paxos Standard Token (PAX) and TrueUSD (TUSD).
BitGo said the addition of all new assets was driven by demand from institutional clients. In April, BitGo launched support for ERC20 tokens, and in July added 57 different assets.
According to Isaac Eleftheriadis, BitGo’s technical product manager, internal data on API requests showed that between October 9 and November 9, BitGo customers searched 151,768 times for TUSD, 137,649 for USDC, 28,894 for Dai. Typically, such requests are sent to gain access to wallets and transaction history..
“When investors are looking for a place to store their funds, they want a complete solution where they can keep all their cryptocurrency assets,” said Eleftheriadis. “Of course we will continue to add coins and tokens.”.
VP of Marketing Clarissa Horowitz said that over the year, the number of BitGo-backed assets has grown from 8 to 101, the state has doubled to more than 100, and there are now about 300 institutional clients..
In September, BitGo received permission from American regulators to provide a qualified digital asset storage service.
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