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While bears dominated the broader crypto market on Friday, IOTA took it to X to celebrate ten years of operation by opening a new chapter, one that prioritizes institutional-level engagement, regulatory alignment, and scaling.
According to today’s, December 5, official blog, BitGo has added support for IOTA’s Mainnet, consequently offering American businesses a compliant and secure way to trade, hold, and manage IOTA coins.
🇺🇸 IOTA is expanding in the U.S. As we mark 10 years of IOTA, we’re partnering with @BitGo, one of America’s most trusted digital-asset custodians. Starting now, BitGo will add IOTA Mainnet support, giving U.S. institutions a regulated, insured, and compliant way to hold and
Indeed, IOTA has spent the last ten years creating a scalable, feeless distributed ledger technology for real-world use cases.
While its thriving staking signals user trust, BitGo’s collaboration aligns IOTA with one of the top entities in digital asset custody.
That signals IOTA’s readiness to unlock institutional-grade offerings in the United States.
The announcement highlighted:
This dramatically improves IOTA’s readiness for engagement across the US digital asset landscape, an important development for any project aiming to operate at a global scale. With BitGo’s regulated framework in place, IOTA is now positioned for meaningful participation in US institutional finance.
BitGo has grown into a leading digital-asset custodian since launching in 2013.
The firm boasts certification from the South Dakota Division of Banking, with its infrastructure securing over 1,550 tokens and coins for nearly 5,000 exchanges and businesses globally.
Most importantly, the company offers insurance coverage of up to $250 million against loss, theft, or private key issues.
IOTA wants to tap this potential. Leveraging BitGo’s custody offerings will magnify the altcoin’s credibility among licensed markets.
That’s crucial since it means institutions (including hedge funds, exchanges, and corporate treasuries) that couldn’t hold IOTA due to strict rules can now do so in a setup that satisfies their audit and regulatory requirements.
Indeed, an absence of regulated custody has been among the primary barriers to institutional participation.
One of the main benefits of this collaboration is that IOTA gains enhanced regulatory clarity within the United States market.
BitGo boasts a massive regulatory footprint in America, offering participants a fully compliant environment to interact with IOTA.
Fintech companies or exchange firms operating under US laws will perceive BitGo’s involvement as an assurance of IOTA’s legitimacy.
That clears the path for broader participation from institutions that prioritize compliance.
The altcoin’s performance signaled optimism after the BitGo collaboration news.
IOTA trades at $0.1041, with its 1.54% uptick on the daily chart outperforming the broader market, which saw a 2% decline the past day to $3.1 trillion.
IOTA eyes further gains, but prevailing broad-based selling pressure hints at short-lived gains in the near term.
The post IOTA turns bullish as the team celebrates 10 years with a strategic US expansion appeared first on Invezz
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Share:
While bears dominated the broader crypto market on Friday, IOTA took it to X to celebrate ten years of operation by opening a new chapter, one that prioritizes institutional-level engagement, regulatory alignment, and scaling.
According to today’s, December 5, official blog, BitGo has added support for IOTA’s Mainnet, consequently offering American businesses a compliant and secure way to trade, hold, and manage IOTA coins.
🇺🇸 IOTA is expanding in the U.S. As we mark 10 years of IOTA, we’re partnering with @BitGo, one of America’s most trusted digital-asset custodians. Starting now, BitGo will add IOTA Mainnet support, giving U.S. institutions a regulated, insured, and compliant way to hold and
Indeed, IOTA has spent the last ten years creating a scalable, feeless distributed ledger technology for real-world use cases.
While its thriving staking signals user trust, BitGo’s collaboration aligns IOTA with one of the top entities in digital asset custody.
That signals IOTA’s readiness to unlock institutional-grade offerings in the United States.
The announcement highlighted:
This dramatically improves IOTA’s readiness for engagement across the US digital asset landscape, an important development for any project aiming to operate at a global scale. With BitGo’s regulated framework in place, IOTA is now positioned for meaningful participation in US institutional finance.
BitGo has grown into a leading digital-asset custodian since launching in 2013.
The firm boasts certification from the South Dakota Division of Banking, with its infrastructure securing over 1,550 tokens and coins for nearly 5,000 exchanges and businesses globally.
Most importantly, the company offers insurance coverage of up to $250 million against loss, theft, or private key issues.
IOTA wants to tap this potential. Leveraging BitGo’s custody offerings will magnify the altcoin’s credibility among licensed markets.
That’s crucial since it means institutions (including hedge funds, exchanges, and corporate treasuries) that couldn’t hold IOTA due to strict rules can now do so in a setup that satisfies their audit and regulatory requirements.
Indeed, an absence of regulated custody has been among the primary barriers to institutional participation.
One of the main benefits of this collaboration is that IOTA gains enhanced regulatory clarity within the United States market.
BitGo boasts a massive regulatory footprint in America, offering participants a fully compliant environment to interact with IOTA.
Fintech companies or exchange firms operating under US laws will perceive BitGo’s involvement as an assurance of IOTA’s legitimacy.
That clears the path for broader participation from institutions that prioritize compliance.
The altcoin’s performance signaled optimism after the BitGo collaboration news.
IOTA trades at $0.1041, with its 1.54% uptick on the daily chart outperforming the broader market, which saw a 2% decline the past day to $3.1 trillion.
IOTA eyes further gains, but prevailing broad-based selling pressure hints at short-lived gains in the near term.
The post IOTA turns bullish as the team celebrates 10 years with a strategic US expansion appeared first on Invezz
Read More
