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‘Unprecedented’ Institutional Demand for Bitcoin: Bitgo’s Custodied Assets Top $16 Billion, No Paypal Deal

Bitgo’s assets under custody have surpassed $16 billion. The company says it is seeing “unprecedented interest from institutional investors,” resulting from the economic impact of the coronavirus pandemic and the recent bitcoin bull run. Paypal was also rumored to be in acquisition talks with the company. $16 Billion in Cryptocurrencies …

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