BitGo CEO Urges Separation of Crypto Custody From Trading Platforms
Mike Belshe says separating custody services from trading operations is key to preventing market failures, as BitGo’s IPO reflects growing maturity in the crypto industry.
Summary
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Terms & Concepts
Custody: The safekeeping of cryptocurrencies, typically by a service provider, to protect assets from theft or loss.
Trading Platform: An online system that allows users to buy, sell, and exchange cryptocurrencies.
IPO (Initial Public Offering): The process by which a private company offers shares to the public for the first time to raise capital.