Kraken is proud to announce a new partnership with BitGo, a leading provider of digital asset security. BitGo now integrates its multi-sig vault wallet system and robust security management controls with Kraken.
Kraken had previously employed a custom off-chain, multi-party signing system with off-site components – providing many of the same security benefits as the BitGo integration. However, when it came time to rebuild the old system, going with BitGo’s ready-made alternative made more sense.
“While we’ve always prioritized security, this partnership allows us to free up valuable resources internally, and provide greater transparency and comfort to our clients,” said Kraken CEO Jesse Powell. “Anyone who needs to have custody of or escrow bitcoin would benefit greatly from BitGo’s highly capable team of industry veterans. I’m looking forward to what we do together next.”
“We are very happy to add Kraken to the BitGo family of exchange partners,” said BitGo Director of Strategic Initiatives Jonathan Silverman. “Kraken serves a vital role in the digital asset ecosystem by delivering the deepest liquidity in the BTCEUR market and many alternative cryptocurrencies. We look forward to their continued expansion and the innovation that their depth of experience brings to the table. Our team is passionate about preserving the safety and security of digital assets, and we are thrilled to be working with such esteemed veterans of Bitcoin.”