BitGo terminates acquisition of Prime Trust

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 61 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 51%

ประเทศไทย ข่าว ข่าว

ประเทศไทย ข่าวล่าสุด,ประเทศไทย หัวข้อข่าว

BitGo shared that it had arrived 'at the hard decision to terminate its acquisition of Prime Trust' after much consideration.

On June 22, wallet infrastructure provider and digital asset custodian BitGoon Twitter that it had decided to cancel its acquisition of fintech infrastructure provider Prime Trust. According to BitGo, “This decision was not made lightly.” The full announcement read:

“After considerable effort and work to find a path forward with Prime Trust, BitGo has made the hard decision to terminate its acquisition of Prime Trust. This decision was not made lightly and BitGo remains committed to our mission to deliver trust in digital assets.” BitGo’s deal cancellation comes merely two weeks after it shared its non-binding letter of intent to acquire Prime Trust. Although the specific details of the agreement were not disclosed, the potential acquisition between BitGo and Prime Trust was poised to provide BitGo with access to Prime Trust's payment rails and cryptocurrency IRA fund, and the opportunity to broaden its wealth management services.

Additionally, integrating Prime Trust's Nevada Trust Company into BitGo's network of regulated trust companies across various jurisdictions would have marked a significant expansion for the company. Unconfirmed rumors on Twitter speculated that the deal may have been called off due to a cease and desist order Prime Trust allegedly received from Nevada State regulators. However, these rumors could not be verified at this time.PRIME IS HALTING ALL WITHDRAWALS OF FIAT AND CRYPTO EFFECTIVE IMMEDIATELY.

เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:

 /  🏆 562. in TH
 

ขอบคุณสำหรับความคิดเห็นของคุณ ความคิดเห็นของคุณจะถูกเผยแพร่หลังจากได้รับการตรวจสอบแล้ว

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

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.
แหล่ง: TheBlock__ - 🏆 464. / 53 อ่านเพิ่มเติม »

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.
แหล่ง: CoinDesk - 🏆 291. / 63 อ่านเพิ่มเติม »