BitGo Tops $64B Under Custody as COO Cassie Lentchner Takes Over as ‘Trust’ President

BitGo Tops B Under Custody as COO Cassie Lentchner Takes Over as ‘Trust’ President
BitGo, the cryptocurrency custody provider being acquired by Galaxy Digital, has seen its assets under custody (AUC) swell to over $64 billion.It was close to a year ago, in December 2020 when BitGo reported an AUC of $16 billion. For context, listed crypto exchange giant Coinbase reported assets on its platform of over $223 billion earlier this year.BitGo attributed the surge in AUC to growing institutional interest in the space, and the need for institutional-grade safe-keeping to match.“Institutional custody is not the same as retail custody,” Mike Belshe, CEO of BitGo, said in a statement. “BitGo Trust Company was designed…