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BitGo says it's terminating acquisition of Prime TrustBitGo said Thursday that it's terminating the acquisition of crypto custodian Prime Trust, just two weeks after it announced plans for the deal.
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Crypto Custody Firm BitGo Cancels Prime Trust AcquisitionPrime Trust has been losing clients and deposits to competitors for weeks amid mounting concerns over its business, a source at one former client told CoinDesk.
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BitGo terminates acquisition of Prime TrustBitGo shared that it had arrived 'at the hard decision to terminate its acquisition of Prime Trust' after much consideration.
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