Since Bitcoin (BTC) began to falter in early-2018, optimistic investors,\u00a0many of which are “HODLing,” have resorted to grasping for straws. Case in point,\u00a0 the words, “Wall Street” and “institutional investors,”\u00a0are incessantly mentioned, as\u00a0crypto\u00a0diehards have sought to find a light at the end of the proverbial tunnel. Yet,\u00a0institutions have been effectively elusive, with whale sightings, if you will, remaining limited to\u00a0dreamscapes, far from reality.<\/p>\n
However, crypto’s prospects aren’t all doom and gloom for\u00a0dreamers. On Wednesday, a leading\u00a0industry upstart unveiled an offering that could single-handedly catalyze widespread\u00a0institutional participation.<\/p>\n
This nascent industry hasn’t performed well in recent days. New Zealand-headquartered Cryptopia<\/a>, a former major crypto asset exchange, suffered a purportedly devastating hack, while Ethereum delayed<\/a> its Constantinople hard fork, dragging BTC<\/a> down with it.<\/p>\n Yet, crypto’s outlook began to shift on Wednesday, as BitGo, a long-standing Bitcoin heavyweight based in Palo Alto, made a forward-thinking announcement. Via a Medium blog post<\/a>, the upstart, which has serviced Ripple, Pantera Capital, Bitstamp, among others, revealed that it would be joining hands with Digital Currency group subsidiary Genesis Global Trading.<\/p>\n On the BitGo blog today: "Partnering with @GenesisTrading<\/a> underscores our commitment to developing institutional-grade cryptocurrency infrastructure and represents the first of many trading integration partnerships." https:\/\/t.co\/OttVxKoq06<\/a> #digitalcurrencies<\/a> #custody<\/a><\/p>\n — BitGo (@BitGo) January 16, 2019<\/a><\/p><\/blockquote>\nRelated Reading:\u00a0Ethereum Consensus Shift Could Delay Any Derivatives Products<\/a><\/h6>\n
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