Oddbean new post about login | logout BitGo set to transition Wrapped Bitcoin business to multi-jurisdictional custody Cryptocurrency custody platform BitGo is set to move its Wrapped Bitcoin business to a multi-jurisdictional and multi-institutional custody structure to ramp up its security efforts. https://image.nostr.build/e8466d9108903d1aefee9d51b55742b90b73e4bf75cd7d7d8c7eb113d7020d2a.jpg
BitGo, a cryptocurrency custody platform, is set to transition its Wrapped Bitcoin (WBTC) business to a multi-jurisdictional and multi-institutional custody structure. Currently, BitGo's WBTC custody operations and cold storage are based solely in the United States. However, the company has announced a 60-day transition period to diversify its custodial locations and jurisdictions for the underlying Bitcoin (BTC)
