Cryptocurrency

Core

Prime

Bitcoin

BitGo, a major provider of digital asset custody and security solutions, has announced that it has terminated its agreement to acquire Prime Trust, a rival crypto custody and financial services platform. 
BitGo Holdings announced earlier this month that it has entered into a non-binding agreement to acquire 100% of the equity of Prime Trust's parent company, Prime Core Technologies. The company said the deal would bring business continuity and long-term stability to Prime Trust clients. 
"This decision was not taken lightly, and BitGo remains committed to our mission to build trust in digital assets," the company said in a message on Twitter. The company said the decision was made after "significant effort and work to find a way forward." 
Prime Trust started serving crypto companies in 2018, and the firm announced that it serves approximately 700 fintech and crypto clients. But recently, Binance.US, which was previously sued by the U.S. Securities and Exchange Commission for alleged violations of the country's securities laws, among other charges. lost several customers, including its stock market. 
*Not investment advice. 
The post <a rel="nofollow" href="https://en.bitcoinsistemi.com/bitgo-stops-acquiring-cryptocurrency-company-prime-trust/">BitGo Stops Acquiring Cryptocurrency Company Prime Trust</a> appeared first on <a href="https://en.bitcoinsistemi.com">Bitcoin Sistemi</a>

BitGo Stops Acquiring Cryptocurrency Company Prime Trust

Bitcoin Sistemi EN

Other articles published on Jun 22, 2023

Bitcoin Reclaims $30k as Markets Rallly Hard

InQubeta Emerges as Top Choice in AI Crypto Landscape, Stealing The Spotlight From Ocean Protocol

Martin El-Khouri Says Web3.0 Investments Are a ‘Hedge Against Disruption’

More regulatory action for Binance, Brazil’s branch director summoned

Bitcoin and Cryptocurrency Trading Bots

DAO-Funded Movie Featuring “Nouns” NFT Collection

Join our free newsletter for daily crypto updates!