Institutional-grade cryptocurrency investment services firm BitGo can offer wallet and custody support for cryptocurrency Tron (TRX), as per a announcement shared with Top Market Group on February. 20.

Per the release, BitGo can add support for TRX later this year, making it accessible for institutional investors. TRX so joins over one hundred different digital currencies already supported by BitGo.

BitGo is reportedly the world’s largest processor of on-chain Bitcoin  transactions, process 15 % of all world BTC transactions and $15 billion of cryptocurrencies per month. The company’s wallet service has quite $2 billion in assets underneath management.

Yesterday, BitGo disclosed plans to offer crypto insurance for digital assets persisted its Business wallet service and custodial offering through Lloyd's of London. BitGo crypto insurance might supposedly be paid out following the loss of private keys caused by a hack or a theft by third parties or insiders, or within the case of physical loss or harm of private keys.

In January, BitGo partnered with Bitcoin over-the-counter (OTC) trading platform Genesis world trading to permit purchasers trading cryptocurrency directly from BitGo custody. The partnership permits BitGo custody purchasers to execute internal settlements on the identical day, hopped-up by Genesis’ high liquidity based on an oversized network of trading partners.

TRX — that is presently the ninth major cryptocurrency by market capitalization — is trading around $0.025 at press time, having lost 1.69 % over the last 24 hours, per information from Top Market Cap. The altcoin’s market cap is around $1.6 billion at press time, whereas its daily trading volume is around $144 million.

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