BitGo CEO: Bitcoin needs fresh capital, but wall street is already on the market
Source:
The Money of institutional investors is that should Bitcoin and the industry as a whole. However, the process of the arrival of the players from wall street to the market is delayed, while the industry was hoping for a more rapid development of events. This was stated by Mike Belshe, head of cryptocurrency startup BitGo, which in the end week launched one of the most promising services for major investors — custodian for digital assets. His words are quoted .
Storage of crypto-currencies for institutional investors from BitGo has received permission to work from Department banking services to South Dakota and several other financial regulators of the United States. The service uses a system of multimedia, which in the early years refused most of the cryptocurrency exchanges, and will begin work in the next month.
theWhen wall street will come to the stock market
In the future BitGo plans to obtain the status of a broker-dealer, and now the services of the project may be of interest to institutional investors requiring approved and strictly regulated financial products, said Blanche.
What do I need Bitcoin? Fresh capital, including big players on wall street, however, the process of their market entry is delayed due to regulatory uncertainty and lack of reliable financial instruments. The launch and approval of our product makes me optimistic in accelerating the process of arrival on the market of institutional investors — perhaps this is the tool that they were waiting for.
Is it possible for one company to bring institutional investors to the stock market? Please share your comments .
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