News

FTX Revolutionizes Token Transfer, Simplifying SOL Custody with BitGo Integration, Sept 06

Key Points:

  • FTX has connected tokens back to their original chain, enhancing security and accessibility.
  • FTX has migrated SOL and other tokens to BitGo, improving custody and providing greater peace of mind for customers.
  • The move is part of FTX’s ongoing efforts to provide a secure and reliable trading experience for users.
FTX has announced that it has connected various BitGo back to its original chain on its platform X.

In a tweet, the company stated that it had “completed the connection of various tokens back to their original chains”. The move is expected to enhance the security of the tokens, as well as make them more accessible.

FTX has also migrated SOL and other tokens from existing wallets to BitGo, the FTX qualified custodian. BitGo is a leading provider of institutional-grade cryptocurrency custody solutions, offering secure storage for digital assets. The move is expected to improve the custody of the tokens, as well as provide greater security for FTX’s customers.

The move by FTX is part of the company’s ongoing efforts to provide a more secure and reliable trading experience for its users. In recent months, the company has made a number of changes to its platform, including the integration of new security features and the addition of new trading pairs.

FTX is one of the fastest-growing cryptocurrency exchanges in the world, and has gained a reputation for its innovative products and services. The company offers a range of advanced trading tools, as well as access to a wide range of digital assets.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

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