Kraken Ends Partnership With BitGo in Favor of “Alternative Solution”

There is no such thing as a boring day in the world of cryptocurrency. Kraken, one of the largest exchanges in Europe and the US, is phasing out BitGo integration. This is a rather worrisome development, considering BitGo is the leading industry provider of multisignature wallet solutions. Kraken claims to be moving to a completely different system altogether, although it remains to be seen if the company will be successful in doing so.

No More BitGo for Kraken

The top priority for any cryptocurrency exchange is to ensure customer funds are safe at all times. In most cases, these platforms opt for a multisignature cold storage solution, which is often provided by the BitGo company. This particular business has been at the forefront of securing cryptocurrency and digital asset holdings for quite some time now. However, it seems there is some sort of an impasse between this company and Kraken right now…

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