BitGo Raises $100 Million at a $1.75 Billion Valuation!

The post BitGo Raises $100 Million at a $1.75 Billion Valuation! appeared first on Coinpedia Fintech News

BitGo, a cryptocurrency payment and custody company, has secured $100 million in financing at a valuation of $1.75 billion. The company did not reveal the names of the investors involved but said that they are from the United States and Asia. BitGo said that the funds will be used for strategic acquisitions, with at least two deals already in the pipeline. Previous investors in BitGo include Goldman Sachs Group, DRW Holdings, and Galaxy Digital Ventures. The new financing highlights the increasing interest in cryptocurrencies among investors.