• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Friday, May 23, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Crypto

Galaxy Digital is rumored to buy Crypto Custodian BitGo

by Reshab Agarwal
April 21, 2021
in Crypto, News, Trending
Reading Time: 2 mins read
0
Galaxy Digital is rumored to buy Crypto Custodian BitGo
TwitterWhatsappLinkedin

Mike Novogratz’s Galaxy digital will buy Crypto Custodian BitGo very soon. There is a deal between the asset manager and the Crypto curator. After finalizing, we will get to know more. BitGo is a company that takes care of different digital assets, which also provides trust and security. The headquarter of the firm lies in one of California’s towns, Palo Alto. The founders of the company are Mike Belshe and Ben Davenport. The services that the firm provides are  Blockchain security Platform APIs, Custodial Services, and settlement services. The company set its foot 8 years ago, and it is running smoothly since then.

You might also like

From Scoop to Scale: How Hocco Reached a ₹600 Cr Valuation in Record Time

Bajaj Auto Secures Controlling Stake in KTM with €800 Mn Rescue Deal

Tech Layoffs Surge in 2025: Microsoft, Google, Amazon, IBM Cut Over 61,000 Jobs

Bitgo to Offer Regulated Crypto Custody in Switzerland and Germany – Security Bitcoin News
BitGo

About Galaxy Digital

The company is a visionary towards financial services, which solely depends on the digital asset, blockchain activity, and cryptocurrency industry. It is one of the most trusted companies in the blockchain custodial industry and raised $700 million to date. The firm is on a mission to promote the technology behind digital assets and the blockchain industry.

Galaxy, BitGo, and PayPal

BitGo talks with Crypto Bank Galaxy Digital, which is big news as Galaxy doesn’t do custody. So introducing it in the company is a big deal. Last year it came to our knowledge that BitGo nearly sold to Paypal for $750M cash, but it fell through. Later through news reports, we found out that PayPal acquired Curv, yet another big cryptocurrency custodial company.

Paypal In Talks To Acquire Crypto Custodian BitGo
PayPal and BitGo

Cryptocurrencies have seen a substantial increase in activity that involves different custody firms. Moreover, Custody firms are significant for digital trading and business. Though the Galaxy and BitGo didn’t say anything yet to prove the alleged news. One source also found out that traditional financial firms may also be behind this alliance.

Other custodians, along with Galaxy Digital

Goldman Sachs is also considering BitGo as their custodian for the wealth fund. And this may offer bitcoin to better investors. Other than this, Galaxy has always been part of NYDIG trading in crypto and Wall Street firm Morgan Stanley. It has raised bitcoin to $300 million since March among every bitcoin buyer.

We all know that Galaxy Digital also deals with investment banking services. So, it has come to our knowledge that it has seen an increase of 842% in its trading business. Mike says that they are planning to list in the US during the end of the year.

BitGo is a powerful company, and its business is one of the best. We use this statement because if the company can raise $69.5 million over few funding rounds, that is really great in this pandemic. According to the Galaxy Digital website, we can see that the firm believes in being connected, being invested, being diversified and being disciplined. These unique features end up making this company one of the best as well. So, if they do come in alliance with BitGo, it will result in great success.


What do you think about this alliance between Galaxy Digital and BitGo? Let us know in the comments below. Also, if you found our content informative do like it and share it with your friends.

Also Read: Safemoon surpasses Dogecoins’ popularity! Is it safe to invest?

Tweet54SendShare15
Previous Post

BYD e6 Electric Car Expected to Launch This Year

Next Post

Dogecoin is a joke, Get over it! says Bloomberg writer

Reshab Agarwal

Reshab is a tech-enthusiast who likes to write about all things crypto. He is a Bitcoin bull and believes in a decentralized future of finance. Follow him on Twitter for more!

Recommended For You

From Scoop to Scale: How Hocco Reached a ₹600 Cr Valuation in Record Time

by Ishaan Negi
May 23, 2025
0
From Scoop to Scale: How Hocco Reached a ₹600 Cr Valuation in Record Time

India’s love for ice cream is timeless, but the way it’s consumed is evolving—and leading that transformation is Hocco Ice Cream, a fast-rising brand with deep roots in...

Read more

Bajaj Auto Secures Controlling Stake in KTM with €800 Mn Rescue Deal

by Ishaan Negi
May 23, 2025
0
Bajaj Auto Secures Controlling Stake in KTM with €800 Mn Rescue Deal

In a bold strategic move, Bajaj Auto Ltd. has decided to take full control of its long-time Austrian partner KTM AG through a comprehensive €800 million (₹7,760 crore)...

Read more

Tech Layoffs Surge in 2025: Microsoft, Google, Amazon, IBM Cut Over 61,000 Jobs

by Rounak Majumdar
May 23, 2025
0
Tech Layoffs Surge in 2025: Microsoft, Google, Amazon, IBM Cut Over 61,000 Jobs

The technology industry is experiencing a dramatic wave of layoffs in 2025, with more than 61,000 jobs slashed across over 130 companies since the start of the year....

Read more
Next Post
Webull will now let you trade Dogecoin!

Dogecoin is a joke, Get over it! says Bloomberg writer

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?