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The prominent cryptocurrency custodian BitGo has announced it will no longer proceed with the acquisition of Prime Trust.
- BitGo announced via Twitter that it is discontinuing the acquisition of Prime Trust.
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After considerable effort and work to find a path forward with Prime Trust, BitGo has made the hard decision to terminate the acquisition of Prime Trust. This decision was not made lightly and BitGo remains committed to our mission to deliver trust in digital assets.
- The decision comes a couple of weeks after BitGo first announced its intention to acquire the company.
- Prime Trust is a provider of financial infrastructure for fintech and digital asset firms.
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