BREAKING: BitGo cancels plan to buy Prime Trust. By JamieCrawleyCD.
Cryptocurrency custodian BitGo has terminated its acquisition of rival custody specialist Prime Trust.
BitGo made the decision after"considerable effort and work to find a path forward with Prime Trust," the firm"This decision was not made lightly and BitGo remains committed to our mission to deliver trust in digital assets," BitGo added. Prime Trust has been losing clients and deposits to competitors for weeks amid mounting concerns over its business, a source at one of the former client told CoinDesk.following speculation that the Nevada-regulated custodian was facing bankruptcy.Adds additional paragraph about Prime Trust losing clients and depositors and adds second byline.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Deutsche Bank Applies for Crypto Custody License | CoinMarketCapCryptoNews: Deutsche Bank AG, Germany's biggest bank, is seeking to expand its services related to digital assets such as cryptocurrencies.🇩🇪
Read more »
Crédit Agricole’s CACEIS Gains Crypto Custody Registration in FranceNEW: Credit_Agricole’s asset servicing arm CACEIS has been registered to offer crypto custody services in France. jackschickler reports.
Read more »
Crédit Agricole's CACEIS secures crypto custody registration in FranceCACEIS, a subsidiary of Crédit Agricole, has received crypto custody registration in France.
Read more »
BitGo says it's terminating acquisition of Prime TrustBitGo said Thursday that it's terminating the acquisition of crypto custodian Prime Trust, just two weeks after it announced plans for the deal.
Read more »
Binance launches regulated platform in Kazakhstan amid troubles in the West`The new platform will offer crypto and fiat-focused services for Kazakhstani users including exchange and conversion services, deposit and withdrawal of fiat, and custody of crypto assets.
Read more »
Person of interest in custody after 3 women slashed in subway systemA person of interest is in custody and being questioned after three women were attacked and slashed in the subway system over the weekend.
Read more »