PALO ALTO, Calif.--(BUSINESS WIRE)--BitGo®, the leader in bitcoin security, today announced a partnership with online cryptocurrency data provider TradeBlock. The combination of TradeBlock’s execution and analysis tools and BitGo’s trustless multi-signature security products create a complete security and transaction solution for private and institutional Bitcoin traders.
“Today’s trading environment demands flexible, responsive and highly connected infrastructure while also remaining completely secure,” said TradeBlock CEO Greg Schvey. “We believe the combination of TradeBlock’s execution and analysis tools with BitGo’s class leading multi-signature security creates the most powerful of feature set available to traders today.”
As part of the newly formed partnership, BitGo and TradeBlock will work to create seamless interoperability between the companies’ product suites, resulting in one easy to integrate system for private and institutional customers. Now, institutional and individual traders can manage their over-the-counter trading activity and portfolio in a single system.
“The increasing pace and heightened stakes of the crypto currency markets is demanding a modular approach to infrastructure,” said BitGo CEO Mike Belshe. “Gone are the days when a new startup could spend a year building isolated, one-off transactional infrastructure. BitGo and TradeBlock’s solutions together represent the cutting edge of modular, managed infrastructure.”
BitGo pioneered multi-sig technology in 2013, and has since developed a wide range of products and solutions that set the bar for bitcoin security. BitGo offers Security as a Service products targeted towards both the consumer and enterprise markets that include API-based security, Bitcoin management infrastructure and insurance-backed Bitcoin theft and loss prevention. BitGo is also taking a leading role in developing the CryptoCurrency Security Standard in collaboration with C4, a non-profit organization specializing in crypto security certifications.
BitGo and TradeBlock also plan to begin automating other aspects of the trading process. The combination of the companies’ technologies will create a holistic environment whereby every trading process is automated via an-easy-to-use dashboard, with trustless multi-sig security protection at every step. Automated connections, remittance and asset exchanges across multiple wallets will all be visible and actionable through one, graphical user interface-based web dashboard.
ABOUT BITGO, INC. // BitGo is the leader in bitcoin security and a pioneer of multi-sig technology. The company offers BitGo Enterprise, an enterprise-grade, multi-sig, multi-user bitcoin wallet, and BitGo Platform API, a robust set of tools and services to access the underlying platform. BitGo was founded by veterans in online security, digital currency, and financial technology. The company has raised more than $14 million in financing from elite Silicon Valley venture capitalists and angels, and bitcoin industry insiders who have backed successful companies like PayPal, Netscape, Red Hat, Proofpoint, Verisign, Juniper Networks, Yammer, and Tesla. To learn more, visit www.bitgo.com.
ABOUT TRADEBLOCK // TradeBlock is the world's leading provider of institutional execution and analysis tools for digital currency markets, capitalizing on block chain technologies to optimize trading operations.
BitGo, BitGo Enterprise, and BitGo Platform API are the trademarks and service marks of BitGo, Inc.