Cinnober and BitGo cooperate on cryptocurrency exchange offering

Cinnober and BitGo cooperate on cryptocurrency exchange offering
11.07.2018 03:46 pm

Cinnober and BitGo cooperate on cryptocurrency exchange offering

Cryptocurrencies

Cinnober, a global independent provider of exchange technology, and BitGo, the market leader in institutional-grade cryptocurrency security, announced today a collaboration to provide solutions to cryptocurrency exchanges. BitGo’s wallet solution will expand Cinnober’s trading and post-trade platform to provide an end-to-end secure, institutional-grade digital asset exchange solution.

Cinnober serves leading financial marketplaces globally with robust, multi-asset trading and clearing solutions. Through Irisium, Cinnober also provides a market surveillance platform to help safeguard market integrity. Through the collaboration with BitGo, Cinnober is consolidating its offering to cryptocurrency exchanges in need of a reliable and proven, high-performance trading solution to handle increasing market volumes, expectations from institutional investors and requirements from regulators. BitGo’s wallets and custodial services allow clients to store and transfer digital assets using industry standards for security and financial privacy. The solutions include security key management, multi-signature setups, setting of procedures and client-driven policies to ensure assets are held in a highly secure environment. 

“This cooperation strengthens our offering to cryptocurrency exchanges,” says Veronica Augustsson, CEO of Cinnober. “The cryptocurrency market has grown significantly in the past few years, and we’ve seen exchanges in this segment struggle with capacity, scalability challenges and repeated outages. There is an opportunity for Cinnober to support this market with proven trading and surveillance solutions used by established financial markets, and, with BitGo’s secure and reliable wallet and custody services, we can offer a competitive solution with short time-to-market.”

“BitGo has a long history of successfully serving cryptocurrency exchanges, and we’re pleased to partner with Cinnober,” says Mike Belshe, CEO of BitGo. “This partnership brings together Cinnober’s proven success in delivering stability and scalability to handle increasing market volumes with our track record of institutional-grade security. This is an important step in driving the institutionalization of the cryptocurrency market because it provides customers with the tools and technology they need and ensures the market is ready for both institutional and retail investors.

“As interest in cryptocurrencies continues to grow and expand beyond the retail market, we will continue to support these exchanges with secure, scalable and flexible technology solutions that can help them manage their growing digital asset portfolios.”

Related News

Cryptocurrency - The AFRO: First Pan-African Cryptocurrency dedicated to Growth and Development in Africa

Against the backdrop of numerous national currencies affecting trade and growth on the continent, the AFRO provides a reliable, safe and secure solution suited to... Read more »

Security and usability combined: Payger introduces new updates

Every day, the number of digital currencies is growing - the market is booming. Nevertheless, cryptocurrencies have not yet arrived in the mindset of the general public. One... Read more »

Cryptominer Argo Blockchain announces strong sales growth and outstrips expectations

Argo, a leading UK-based provider of cryptocurrency mining services (LSE:ARB), is pleased to announce continuing strong growth as sales of its subscription packages continue to... Read more »

CryptoCompare adds commercial API market data service to existing free service

CryptoCompare, the global cryptocurrency market data provider, today announces the launch of its new API service in response to customer demand for more complex and highly... Read more »

SEBA Crypto AG & Loomis International Join Forces to Build Deep Cold Storage for Crypto Assets

SEBA Crypto AG & Loomis International have announced a partnership to build a TEMPEST Level A Deep Cold Storage offering for digital assets. SEBA aims to offer Custody... Read more »

Crypto markets mature as Cryptology unveils professional margin trading features

Singapore-based community cryptocurrency exchange, Cryptology Exchange today launches a new... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App