BitGo Launches OTC Platform with Derivatives and Lending

BitGo, the biggest unbiased licensed custodian, is launching an over-the-counter (OTC) buying and selling platform with entry to over 250 digital belongings worldwide.

As a number one supplier of digital asset infrastructure options, BitGo introduced the launch of its personal institutional-grade OTC platform. Along with spot buying and selling, the service affords derivatives buying and selling, lending, yield-generating merchandise, and on the spot settlements.

Based on the press launch, BitGo’s OTC platform operates in stealth mode since early 2024, processing transactions price billions of {dollars} and constructing a mortgage portfolio exceeding $150 million, serving main institutional traders.

The platform operates 24/7, offering entry to a variety of digital belongings. Its key benefit is integration with BitGo’s regulated custodial service, enabling customers to commerce with out having to maneuver belongings outdoors the safe infrastructure.

BitGo additionally makes use of its proprietary Go Community settlement system, launched in 2023, which permits for immediate fund transfers in each crypto and fiat currencies. This eliminates the necessity for pre-depositing funds on third-party platforms, lowering counterparty dangers.

The launch of BitGo’s OTC platform comes amid rumors of a possible IPO in H2 2025. These speculations have been not directly confirmed by Mike Belshe, CEO of BitGo, who said at Consensus Hong Kong that public listings of crypto firms are essential for enhancing belief in digital belongings and attracting conventional monetary establishments from Wall Avenue.

In late 2024, BitGo acted as a technical companion in creating a FinTech answer for cross-border B2B funds utilizing stablecoins and Visa’s cost system. This undertaking was designed for e-commerce market individuals in Latin America.

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