BitGo will provide institutional clients access to Tron (TRX)

21 Feb, 2019 | Updated: 21 Feb, 2019
by David Robb
BitGo will provide institutional clients access to Tron (TRX)

Institutional crypto firm BitGO has announced that it will be supporting Tron (TRX) sometime in the near future. The company will also offer its clients insurance on their crypto holdings through Lloyd's of London, as reported by CoinTelegraph.

BitGo is one of the companies paving the way for increased institutional investment in the crypto space. It has partnered with leading OTC trading services, and offers storage and custodial solutions for companies that want to invest in Bitcoin and other digital assets without having to deal with the technology involved.

Read more: BitGo and Genesis launch new crypto trading solution for institutions

In an effort to further reduce the perceived risks of investing in a new type of asset, BitGo will allow institutional clients to take out insurance on crypto that it holds for them. This insurance would pay out in case of the loss of private keys caused by a hack, or a theft by third parties or insiders.

Another new bridge between institutional money and the crypto market is BitGo's announcement of support for Tron (TRX) later in the year. The firm's custodial and wallet services will allow financial institutions to invest in the 9th-largest crypto token by market cap, alongside 100 other crypto assets.

Read more: What are the hottest cryptocurrency trends for 2019?What happens to Bitcoin if the stock market crashes?

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Read more about: TRON (TRX)


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