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Bitgo taps Coincover to allow clients to store backup keys for wallet recovery

Digital asset protection provider Coincover has expanded its partnership with BitGo to enable clients to benefit from wallet access failure by holding recovery data with a trusted third party. Collaborating on digital asset security features for institutional clients since 2019, Coincover and BitGo are now bringing wallet recovery capabilities for users that lose access to their keys.

Oliver Cummings, Strategic Partnerships Director at Coincover, said: “This is another big step forward in our mission to make crypto accessible to everyone, by making it safe to hold and use. BitGo is one of the most respected names in the market and this further establishes us as the industry standard for safeguarding digital assets. We are delighted to be working with BitGo as we continue our mission to bring safety and protection to the crypto market.”

Tags

coincover, insurance, crypto