BitGo To Introduce Support For Tron Cryptocurrency
The BitGo blockchain security company will provide support and storage services for the Tron (TRX) cryptocurrency, Cointelegraph reports.
The firm is going to add TRX to the listing during 2019. It will allow institutional investors to access this cryptocurrency.
BitGo reportedly occupies a leading position worldwide in terms of bitcoin operations. The company accounts for about 15% of all transactions with the first cryptocurrency, and the monthly turnover reaches $15 million. The BitGo crypto wallet manages funds worth about $2 billion. Its portfolio includes more than 100 digital assets.
The company also intends to introduce a cryptocurrency insurance service for the users of Business Wallet with the help of the UK agency Lloyd's. Customers will be able to return the funds for insurance in case of a loss or theft of private keys.
In January 2019, the firm entered into a partnership agreement with the OTC platform Genesis Global Trading so that users can carry out operations directly on the basis of BitGo.
According to CoinMarketCap as of February 21, the Tron cryptocurrency is ranked ninth by the market capitalization, which reaches $1.6 billion. The daily trading volume amounts to $148 million.
As previously reported, the South Korean platform Bithumb added to the listing the BitTorrent (BTT) token, developed on the Tron blockchain.