Full-Time
Posted on 9/13/2024
Secure custody and management of digital assets
$180k - $230kAnnually
Senior, Expert
Toronto, ON, Canada
This is an onsite role in Downtown Toronto.
BitGo provides secure and efficient solutions for institutional clients in the digital currency market, focusing on cryptocurrencies like Bitcoin. The company offers custodial services to securely store digital assets, multi-signature wallets that require multiple approvals for transactions, and APIs that allow clients to integrate these services into their platforms. BitGo also provides staking services, enabling clients to earn rewards by validating transactions on blockchain networks. Unlike many competitors, BitGo emphasizes compliance with regulatory requirements, such as the FATF Travel Rule, ensuring that clients can navigate the complexities of the digital currency market safely. The goal of BitGo is to support institutional investors by offering reliable and compliant services that enhance security and efficiency in managing digital assets.
Company Size
201-500
Company Stage
Series C
Total Funding
$165.9M
Headquarters
Palo Alto, California
Founded
2013
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Company-paid medical, dental, and vision plans
Catered lunches, fresh snacks, and gourmet coffee
Commuting made easy with company-paid Caltrain passes
Competitive compensation, stock options, and 401k plan
Computer equipment and workplace furniture
Flexible vacation time
The partnership sees Crossover's CROSSx crypto electronic communication network (ECN) integrated with BitGo Trust's regulated qualified custody offering and Go Network clearing solution.
LONDON, March 6, 2025 /PRNewswire/ -- Crossover Markets, a digital asset trading technology firm focused on meeting the unique liquidity requirements of institutions in the cryptocurrency markets and operator of the CROSSx crypto ECN, today announced a strategic partnership with BitGo Trust Company, Inc., the leading infrastructure provider of digital asset solutions trusted by institutions since 2013. The partnership will integrate Crossover's execution-only ECN with BitGo Trust's regulated qualified custody offering and Go Network clearing solution, enabling investors to seamlessly access liquidity with mitigated counterparty risk.The partnership comes at a pivotal time, with institutional interest in digital assets accelerating at a rapid pace. Traditional finance (TradFi) participants are increasingly seeking digital asset infrastructure that combines the security standards and trading frameworks available in regulated equities and FX markets. Crossover's CROSSx platform – known for its anonymous, low-latency matching engine – aligns with this demand and will now be accessible via BitGo Go Network. A distinguishing feature of Go Network for institutions is that investor assets remain securely within BitGo Trust's insured, qualified custody until the time of settlement, eliminating tradeoffs between security, liquidity and capital efficiency that have long challenged institutional participants."Market structure is rapidly changing in spot crypto as institutional clients are exhausted with the extraordinarily high fees charged by the captive, vertically integrated exchange models," said Brandon Mulvihill, Co-Founder and CEO of Crossover Markets. "With $100 billion in custodial assets and 9.3 million + wallets, BitGo is perfectly suited to address the topic of fungibility, allowing CROSSx to compete for market share based on the merits of our technology, pricing, and ability to eradicate market impact.""We are pleased to add CROSSx on Go Network," said Mike Belshe, Co-Founder and CEO of BitGo
Digital asset infrastructure provider and qualified custodian BitGo launched an over-the-counter (OTC) trading desk that includes integrated trading, derivatives, lending and qualified custody. The platform features support for spot and derivatives trading, locked token transacting, lending and yield-generating products, and instant settlement, the company said in a Tuesday (Feb. 18) press release. “Our integrated OTC offering gives clients the ability to execute with a full-service desk across spot, derivatives and lending, all while their assets stay protected in qualified custody until the time of settlement,” Matt Ballensweig, managing director, head of trading at BitGo, said in the release. “We then leverage BitGo’s Go Network to settle assets at the same time — minimizing the hyper-prevalent prefunding risk that underlies our market structure.”
As per a latest report from Bloomberg, Crypto custody firm BitGo Inc. has introduced a global over-the-counter trading desk for digital assets as part of its plan to go public.
BitGo plans a potential IPO in late 2025, reflecting a maturing crypto market. The election of Donald Trump has boosted crypto enthusiasm, with Coinbase shares up 40%. BitGo's IPO highlights the growth of regulated digital asset custodians. Amid this, DexBoss and Aureal One are notable crypto presales. DexBoss, in its presale stage, offers DEBO tokens at $0.011, aiming for $750k, with $565.7k already raised, indicating strong investor interest.