BitGo to Provide Wallet Services to Genesis Trading

Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term wallet and security provider BitGo has forged another partnership in the bitcoin trading arena, its multisignature technology to be used by Genesis Trading.

BitGo is a pioneer in the realm of multi-signature security, having launched its enterprise-targeted wallet offerings last year. Only a few days ago, it partnered with TradeBlock, a bitcoin data and trading portal, to integrate its platform. The latest deal is a significant achievement for BitGo, whose clients already include leading bitcoin exchanges.

Genesis Trading recently rebranded from SecondMarket Inc, the broker-dealer division of Barry Silbert’s Digital Currency Group. As part of its rebranding, it is focusing specifically on bitcoin trading. It is reportedly the first such broker-dealer in the US to be regulated by FINRA and the SEC.

Similar to the TradeBlock deal, BitGo's multisig wallet services would integrate directly with Genesis's platform, as opposed to having to manually transfer bitcoins to trading accounts. Enterprise-grade functionality would include strong authentication, real-time transaction monitoring and key signing policies. Said Brendan M. O’Connor, CEO of Genesis Trading:

"Genesis Trading’s focus on large transactions enhances the need for robust security procedures. However, our clients require the ability to execute dynamic trading strategies, rapidly access Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term, and efficiently and seamlessly purchase or sell large blocks of virtual currencies. BitGo’s trustless secure wallet model gives us impregnable security while also retaining the level of flexibility that our clients require."

Genesis Trading has reportedly traded over $300 million worth of digital currency to date.