Crypto Custodian BitGo Adds AVAX Support as Institutions Eye Avalanche

Posted on by American Coins & Gold

Crypto Custodian BitGo Adds AVAX Support as Institutions Eye Avalanche
Crypto custody firm BitGo will support AVAX, the native token of Avalanche, in the latest sign of institutional interest in the high-speed blockchain.The news from BitGo comes after Bank of America analysts said Avalanche could be a viable alternative to Ethereum for decentralized finance (DeFi), NFTs and gaming. It also opens the door for BitGo clients, including exchanges Bitstamp and Bitbuy, to offer AVAX to their users.BitGo says it currently holds over $64 billion worth of crypto assets, a representative told CoinDesk.“Not only is BitGo trusted and allows us to provide more access to our native tokens on Avalanche,” John…