The international company BitGo, which provides services for storing cryptocurrencies, has become a partner of the NEAR Foundation. Representatives of firms signed a long-term agreement under which the site will offer its customers the opportunity to purchase, sell and store the native NEAR blockchain token.
Institutional custody company BitGo is excited to partner with a significant technology project. This was stated by the vice president of the company’s product promotion department, Nuri Chang. He noted that his platform must support the leading blockchains in the cryptocurrency industry.
He also assured CoinDesk representatives that BitGo is committed to supporting the NEAR ecosystem, as it considers the new sharding technology attractive to third-party developers and digital currency users.
As part of the deal, BitGo will store NEAR tokens by placing them in the company’s hot and custodial wallets. At the same time, the management did not disclose the exact amount of assets that it will keep in the accounts.
Representatives of the organization noted that this startup attracted the attention of large investors when it completed two rounds of attracting investments. The NEAR Foundation first raised $150 million and another $350 million in three months.
Currently, the NEAR Protocol token (NEAR) is ranked 23rd in the list of the best cryptocurrencies by market capitalization, with a value of $3.32 billion. The value of the virtual asset was $4.46. The rate of the digital currency increased by 13.49% per day and by 35.21% over the past week as of 15:30 Moscow time on July 19, 2022.