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BitGo Discontinues Acquisition of Prime Trust

BitGo will not be acquiring Prime Trust.
George Georgiev
By George Georgiev

The popular cryptocurrency custodian BitGo will not be acquiring Prime Trust, according to the latest company announcement.

  • BitGo took it to Twitter to reveal that it will discontinue the acquisition of Prime Trust.

After considerable effort and work to find a path forward with Prime Trust, BitGo has made the hard decision to terminate the acquisition of Prime Trust. This decision was not made lightly and BitGo remains committed to our mission to deliver trust in digital assets.

  • The decision comes a couple of weeks after BitGo first said it will be buying the company.
  • Prime Trust is a provider of financial infrastructure for fintech and digital asset firms.
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About the author

George Georgiev
George Georgiev
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Georgi Georgiev is CryptoPotato's editor-in-chief and a seasoned writer with over 8 years of experience writing about blockchain and cryptocurrencies. Georgi's passion for Bitcoin and cryptocurrencies bloomed in late 2016 and he hasn't looked back since. Crypto’s technological and economic implications are what interest him most, and he has one eye turned to the market whenever he’s not sleeping.