Crypto Week In Review: Institutions Finally Ready to Commit to Bitcoin38.08

Although the collective value of all crypto markets is only a tad above its year-to-date low, institutions still seem poised to tackle digital assets head on, with an array of Wall Street giants making meaningful moves throughout the past week.

On Thursday, CNBC divulged that BitGo, a well-known American cryptocurrency infrastructure provider, had received a regulatory green light from South Dakota’s Division of Banking to make a foray into offering custodial solutions for institutions. More specifically, the startup collected a state trust company charter from the aforementioned governmental body, which reportedly makes its crypto custody solution the first that is fully regulated.

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