--d : --h : --m : --s
Get tickets

BitGo Processes Over $1 Billion in Bitcoin Transactions in Third Quarter


         BitGo Processes Over $1 Billion in Bitcoin Transactions in Third Quarter

Leading bitcoin security platform and multi-signature / P2SH (pay-to-script hash) bitcoin wallet provider BitGo has  transacted more than $1 billion worth of bitcoin transactions in a single quarter.

“BitGo was the first to pioneer the secure, multi-signature wallet platform for bitcoin,” said BitGo CEO and co-founder Mike Belshe. “Security is never a finished feature, so we’re continually raising the bar. As we reach this billion-dollar milestone, we’re happy know so many customers are seeing the value of our solution.”

The BitGo wallet platform and API have not experienced a single breach or theft of bitcoin since its launch in 2013. The company has been focused on creating the world’s most secure bitcoin wallet, prioritizing security and multi-signature solutions.

The platform’s API services and products designed for both developers and institutions enable users to create hundreds of thousands of addresses, with a real-time view of digital asset transactions and settlements.

“For the sake of accuracy, our metrics do not count change address outputs. As an example, if a user sends someone $13 from a wallet with $17 in it, we only count the $13 transaction and not the transfer of $4 back into the wallet.” said Regina Scolaro, Director of Marketing for BitGo. “We have chosen to use this methodology because we believe that in order to get a true sense of activity within the Bitcoin space, this should be the standard measurement.”

Furthermore, the BitGo platform has secured its bitcoin wallets with multi-signature pay-to-script hash technology, also known as P2SH, allowing users to send bitcoin to addresses secured in various unusual ways without knowing much about the security details, thus creating completely unique transactions and settlements.


Bitcoin Price Analysis: Bull Trend Continues as Market Marches To $6K Level

Bitcoin’s strong uptrend resumes as, once again, the market has claimed new highs in the $5,900 zone.

Bitcoin Schmitcoin

Op Ed: 3 Reasons Why Crypto Has an Exchange Problem

In this op ed, Ajeet Khurana argues that for crypto to truly thrive, the ecosystem needs only five or six exchanges — and certainly no more than a dozen — in the long run. Here’s why.

Ajeet Khurana

Debunking Bitcoin Myths: "It’s Only for Criminals"

Bitcoin can be quite useful for criminals, much like physical cash. However, the permissionless nature of Bitcoin also enables other valuable use cases for this new technology.

Kyle Torpey

Op Ed: Bitcoin Is Turning Left vs. Right Into Big Data vs. Privacy

Technologies like Bitcoin and end-to-end encryption are changing how political leanings are defined.

Kyle Torpey