Galaxy Digital Expands Staking Services Through Partnership with BitGo
Galaxy Digital has expanded its staking services through an integration with BitGo. This collaboration allows users to delegate their assets from BitGo self-custody or regulated custody wallets, accessing enterprise-grade validators, and earning staking rewards. BitGo’s platform offers a streamlined experience with one-click staking and real-time monitoring of rewards.
Importantly, while in 2021 Galaxy Digital announced the acquisition of BitGo for approximately $1.2 billion, in August 2022, Galaxy Digital decided to terminate the acquisition agreement due to BitGo’s failure to deliver audited 2021 financial statements as stipulated in the agreement.
Despite the cancellation of the acquisition, Galaxy Digital and BitGo maintain a collaborative relationship, as evidenced by the integration of staking services to offer enhanced solutions to their institutional clients.
