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BitGo Hires Matthew Ballensweig to Lead Newly Launched Go Network

BitGo Hires Matthew Ballensweig to Lead Newly Launched Go Network

By Cora Skindell Aug 3, 202351Views
Crypto ,Crypto Market ,Financial ,Technology

Cryptocurrency custody specialist BitGo hires former Genesis managing director

BitGo has hired Matthew Ballensweig, the former managing director of Genesis, to head up its newly launched Go Network. The network, which went live earlier this year, allows hedge funds and other institutions to access trading liquidity at various exchanges without their assets leaving regulated custody. Ballensweig is currently managing the onboarding of firms to the network, which currently includes Bitstamp, Gate.io, INX, and Enclave Markets. The Go Network also offers instant USD to crypto settlement, providing the infrastructure for the next generation of institutional crypto trading. Ballensweig emphasized the importance of a tech-focused approach to institutional adoption in the crypto space.

– BitGo hires Matthew Ballensweig, former managing director of Genesis
– Ballensweig to head up BitGo’s newly launched Go Network
– Go Network allows institutions to access trading liquidity without leaving custody
– Network includes Bitstamp, Gate.io, INX, and Enclave Markets
– Offers instant USD to crypto settlement and infrastructure for institutional crypto trading

Hot Take: The hiring of Matthew Ballensweig demonstrates BitGo’s commitment to enhancing institutional adoption of cryptocurrency trading. With the launch of the Go Network and the inclusion of multiple exchanges, BitGo is positioning itself as a key player in the institutional crypto space. By providing a tech-focused approach and separating custody from trading and settlement, BitGo is offering a solution that addresses the needs of institutions in this evolving market.

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Cora Skindell
Cora Skindell
Cora Skindell is a standout figure in the world of cryptocurrency analysis, research, and editorial expertise. As a seasoned crypto analyst and researcher, Cora's insights delve deep into the complexities of digital assets, resonating with a diverse audience. Her ability to dissect intricate crypto concepts is complemented by her adept editorial skills, enabling her to distill complex information into easily understandable content. Cora's contributions serve as a valuable compass for both seasoned and novice individuals seeking to navigate the dynamic landscape of cryptocurrencies. With a keen eye for detail and a commitment to accuracy, she empowers informed decision-making in the ever-evolving crypto space.
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BitGo Hires Matthew Ballensweig to Lead Newly Launched Go Network