Cinnober collaborates with BitGo 13 July 2018Stockholm Reporter: Maddie Saghir
Image: Shutterstock
Cinnober and BitGo have collaborated to provide solutions to cryptocurrency exchanges.
BitGo’s wallet solution will expand Cinnober’s trading and post-trade platform to provide an end-to-end secure, institutional-grade digital asset exchange solution.
Through the collaboration with BitGo, Cinnober has consolidated its offering to cryptocurrency exchanges in need of a reliable and proven, high-performance trading solution.
The trading solution will handle increasing market volumes, expectations from institutional investors and requirements from regulators.
The solutions include security key management, multi-signature steps, and setting of procedures and client-driven policies to ensure assets are held in a highly secure environment.
Veronica Augustsson, CEO of Cinnober, commented: “This cooperation strengthens our offering to cryptocurrency exchanges.”
“The cryptocurrency market has grown significantly in the past few years, and we’ve seen exchanges in this segment struggle with capacity, scalability challenges and repeated outages.”
She added: “There is an opportunity for Cinnober to support this market with proven trading and surveillance solutions used by established financial markets, and, with BitGo’s secure and reliable wallet and custody services, we can offer a competitive solution with short time-to-market.”
Mike Belshe, CEO of BitGo, said: “BitGo has a long history of successfully serving cryptocurrency exchanges, and we’re pleased to partner with Cinnober.”
“This partnership brings together Cinnober’s proven success in delivering stability and scalability to handle increasing market volumes with our track record of institutional-grade security.”
“This is an important step in driving the institutionalisation of the cryptocurrency market because it provides customers with the tools and technology they need and ensures the market is ready for both institutional and retail investors.”
He continued: “As interest in cryptocurrencies continues to grow and expand beyond the retail market, we will continue to support these exchanges with secure, scalable and flexible technology solutions that can help them manage their growing digital asset portfolios.”
NO FEE, NO RISK 100% ON RETURNSIf you invest in only one asset servicing news source this
year, make sure it is your free subscription to Asset Servicing Times
Image: Shutterstock 