BitGo Introduces Secure Support for HyperEVM
BitGo has launched support for HyperEVM, providing secure access and custody for institutional players within the Hyperliquid ecosystem.
With this move, BitGo enhances it’s custody services to cater to those involved in Hyperliquid.The company confirmed that custody options are now available for the Hyperliquid (HYPE) asset.
The new partnership ensures seamless interaction with HyperEVM assets. Users gain access through BitGo’s secured custody,alongside self-custody wallets and governance participation.
- Custody services for HYPE tokens are now active.
- Institutions can explore decentralized apps and govern effectively.
- Additional products like staking, settlement, and wealth management are also accessible.
This announcement follows Anchorage Digital Bank’s similar initiative days ago, reinforcing HyperEVM’s institutional-grade security.
HyperEVM, an Ethereum-compatible layer, drives Hyperliquid’s success in decentralized finance. It holds over $2.53 billion in locked value and $5.58 billion in stablecoin market cap.
As DeFi gains popularity,BitGo’s backing encourages institutional involvement in Hyperliquid.
On August 26, Hyperliquid reached new highs with $3.5 billion in spot volumes. This growth coincides with increased Bitcoin and Ethereum deposits, making it the second-largest spot BTC trading venue.
Interest in HYPE surges as the ecosystem expands, reaching record open interest levels at $2.17 billion, according to Coinglass.
As demand grows, BitGo’s initiatives ensure that institutions can safely embrace Hyperliquid’s opportunities.
