First SegWit transaction made on BitGo wallet

First Segregated Witness transaction carried out on a BitGo wallet
25 August 2017   1949

Bitcoin wallet BitGo developers report on the first SegWit transaction in the main Bitcoin network. Notably, BitGo started the updating of the software, designed to provide support for Segregated Witness, even before the activation of the protocol. 

Benedict Chan, Director of Engineering at BitGo, shares the news on his social media:

According to the company's report, as SegWit activates on the Bitcoin network, BitGo is to start to roll out SegWit to all BitGo wallets. The plan is to immediately launch with a few select customers while BitGo observes production operation. Assuming it works as expected for a few days, the company will release final versions of our SDK and begin rollout of SegWit to all BitGo wallets. 

BitGo Web Wallet users do not need to do anything to take advantage of SegWit as it will be automatically enabled. BitGo API customers can activate SegWit at any time by upgrading their copies of BitGoJS, BitGoD, and BitGo Express once the final SegWit-activated versions are released.

BitGo support team

Among the benefits that BitGo users will receive as a result of SegWit activation, the developers highlight these two:

  • BitGo’s multi-signature transactions will cost about half the fee that they used to cost prior to SegWit.
  • By enabling SegWit, you will be reducing the transactional weight of your transactions on the blockchain, freeing space for other transactions and helping Bitcoin scale.

Coinbase to Expand Services for Asia

Among the services available now there are Coinbase Prime, Pro and Custody
22 January 2019   120

Coinbase, the leading US cryptocurrency company reported that from now on its professional trading and custodial platforms are available to institutional clients and investors with large volumes from the Asian region.

In particular, according to the Coinbase blog, users of Asia will have access to the option of depositing accounts and withdrawing funds using SWIFT transfers through non-US bank accounts.

In the past 12 months, hundreds of crypto-first hedge funds have launched around the world, and many hundreds more traditional institutions such as proprietary trading firms, family offices and endowments have begun actively trading digital assets. Coinbase’s suite of professional products — Coinbase Prime and Pro, Coinbase Custody — serves these customers, along with other participants in the market, like asset issuers, crypto exchanges, and miners.

Elliott Suthers


Among the services available there are Coinbase Prime, Coinbase Pro and Coinbase Custody, which also supports the steamer USDC.

In December 2018, Coinbase began to provide services to residents of the islands of Guernsey and Maine, as well as Lithuania, Iceland, Andorra and Gibraltar.