BitGo Launches Singapore Services, Eyes Other Crypto-Friendly Regions in Asia [Yahoo! Finance]
Coinbase Global, Inc. - Class A (COIN)
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Source: Yahoo! Finance
Although the company has operated in the city for several years, it will now offer a wider range of services for institutions. It follows the Monetary Authority of Singapore issuing a local license to BitGo in August this year. BitGo, the U.S. digital asset infrastructure provider for institutions, has officially launched its services in Singapore, the company announced on Thursday. Though BitGo has operated in APAC since 2015 and had a presence in Singapore, it did not provide specific Singapore-regulated services. The firm received a Major Payment Institution License (MPI) from the Monetary Authority of Singapore (MAS), in August this year. As a result, it is now rolling out a wider suite of products that will put its local offerings on par with those offered in Europe and the U.S. In addition to its custody and wallet services, BitGo will now offer regulated cold storage for over 1,100 digital assets, 24/7 electronic and voice trading, real-time automated settlements and f
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