In a press release, BitGo, the leader in Bitcoin security, announces that it has entered into a partnership with online cryptocurrency data provider TradeBlock. The purpose behind the partnership is to take assistance from TradeBlock’s execution and analysis tools to provide a complete security and transaction solution for private and institutional Bitcoin traders.
At the occasion TradeBlock CEO Greg Schvey said that today’s trading environment demands flexible, responsive and highly connected infrastructure. At the same time it also wants to remain completely secure and in such a situation the two companies that are known in the industry for their solution can serve the purpose well.
He says that the combination of TradeBlock’s execution and analysis tools with BitGo’s class leading multi-signature security creates the most powerful of feature set available to traders today. Nonetheless, the agreement entered into provides that BitGo and TradeBlock will work to create seamless interoperability between the companies’ product suites.
The two companies will be working on to get an easy to integrate system for private and institutional customers. The press release informs that now institutional and individual traders can manage their over-the-counter trading activity and portfolio in a single system that is not just secure but user-friendly as well.
Sharing his views BitGo CEO Mike Belshe said that the increasing pace and heightened stakes of the crypto currency markets is demanding a modular approach to infrastructure. According to him gone are the days when a new startup could spend a year building isolated, one-off transactional infrastructure.
He admitted that BitGo and TradeBlock’s solutions together represent the cutting edge of modular, managed infrastructure. Formed not long ago, BitGo pioneered multi-sig technology in 2013 and since then it has developed a wide range of products and solutions that set the bar for Bitcoin security.
Bitcoin Security will be Higher Priority
At the time when Bitcoin security is becoming a prominent issue, BitGo offers Security as a Service products targeted towards both the consumer and enterprise markets that include API-based security. The Bitcoin management infrastructure and insurance-backed Bitcoin theft and loss prevention is emerging as a popular trend.
Nonetheless, as BitGo and TradeBlock also plan to begin automating other aspects of the trading process, the dream of safe and secure Bitcoin trading would become easy. It will not just be easy for any user to trade Bitcoin but stay assured about the safety and security of their digital currencies.
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