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06 August 2021

Crypto Custodian BitGo Joins Race to Provide Prime Brokerage Services - CoinDesk

Crypto Custodian BitGo Joins Race to Provide Prime Brokerage Services - CoinDesk


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Crypto Custodian BitGo Joins Race to Provide Prime Brokerage Services.

BitGo CEO Mike Belshe told CoinDesk said building a prime brokerage in the crypto space is a difficult undertaking, at least in part because the overall infrastructure is still relatively young.

BitGo Prime offers trading on a fully non-disclosed basis, he said, meaning that while BitGo knows who its clients are through its know-your-customer/anti-money laundering measures, the outside world is not privy to which companies are conducting a given trade.

BitGo isn’t the only company sensing this interest: Genesis Trading (a subsidiary of CoinDesk parent company DCG), Bequant and Coinbase all recently announced their own intentions to offer prime brokerage services

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