Netcoins Selects BitGo Trust Company as Custodian for Launch of Canadian-Based Custody Solution
17 12월 2018 - 5:30PM
Netcoins Holdings Inc.
(“
Netcoins” or the "
Company")
(
CSE: NETC;
OTC: GARLF; WKN: 1WJ)
is pleased to announce that it has signed a definitive agreement
with BitGo Trust Company as custodian for its Netcoins-branded
custody solution. Following a software integration phase, Netcoins
expects to launch Netcoins Custody in Q1 2019.
Custody is a key component of a full service
crypto company and brokerage, and Netcoins has chosen BitGo, the
market leader in institutional cryptocurrency financial services,
to provide the back end technology and infrastructure required to
launch Netcoins Custody.
BitGo provides institutional investors with
security, compliance, and custodial solutions for blockchain-based
currencies. BitGo is the world's largest processor of on-chain
bitcoin transactions, processing 15% of all global bitcoin
transactions, and $15 billion per month across all
cryptocurrencies. The company has a customer base that includes the
world's largest cryptocurrency exchanges and spans more than 50
countries. BitGo is backed by Craft Ventures, DRW, Galaxy Digital
Ventures, Goldman Sachs, Redpoint Ventures, and Valor Equity
Partners.
"Netcoins wanted the most secure and compliant
custodianship and, after evaluating several options, they chose
BitGo Trust Company," said Josh Schwartz, VP of Sales, BitGo.
"We're excited to be working with Netcoins to expand access to
digital assets."
“We are thrilled to be bringing institutional
level crypto custody to the market in Canada with BitGo Trust
Company, the first qualified custodian purpose-built for digital
assets,” said Netcoins CEO Mark Binns. “Custody is a key component
to institutional adoption, and also critical for enabling
traditional brokerage houses to sell crypto to their retail
investors. We continue to build a full service crypto company, and
this is another big step forward for Netcoins.”
About the Company
The Company is in the business of developing
software to make the purchase and sale of cryptocurrency easily
accessible to the mass consumer and investor through brokerage
services. Netcoins enables crypto transactions via 171,000+ retail
locations globally, a self serve crypto purchase portal and an
Over-The-Counter (OTC) trading desk.
ON BEHALF OF THE BOARD OF DIRECTORS
“Mark Binns”
Mark BinnsCEO and Director
For Investor Relations Inquiries please contact Netcoins at
778.785.1175 or email ir@gonetcoins.com.
The CSE does not accept responsibility
for the adequacy or accuracy of this release.
Cautionary Statement Regarding
“Forward-Looking” InformationThis information release
contains certain forward-looking information. Such information
involves known and unknown risks, uncertainties and other factors
that may cause actual results, performance or achievements to be
materially different from those implied by statements herein, and
therefore these statements should not be read as guarantees of
future performance or results. All forward-looking statements are
based on the Company's current beliefs as well as assumptions made
by and information currently available to it as well as other
factors. Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date of this
press release. Due to risks and uncertainties, including the risks
and uncertainties identified by the Company in its public
securities filings, actual events may differ materially from
current expectations. The Company disclaims any intention or
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or
otherwise.
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