Easy access to fiat is essential for buying and selling digital currencies because it allows traders to take advantage of market opportunities. Combining fiat with storage of crypto puts control back in the hands of traders; no more waiting for wire transfers to complete or needing to move your Bitcoin between a cold storage and trading account.

BitGo Trust clients can now deposit fiat currency. Holding fiat allows institutional clients to buy and sell digital currencies directly from their BitGo Trust account.

We introduced custody for fiat with the launch of BitGo’s seamless trading integration platform where clients can access deep liquidity via our network of trading partners. Last week, we announced that Genesis Global Trading is our first partner, and there are many more to come.

For liquidity providers who are not regulated to hold fiat or digital currencies, easy access to fiat reduces trade settlement time. Without a fiat account, traders must transfer money each and every time they want to execute a buy order. This process is both time consuming and cumbersome, relying on external parties for wire transfers as well as the transfer of assets between accounts. More importantly, a delay in getting coins to market can cause market risk in price fluctuations.

All cash deposits (USD only) are done through a wire transfer. Once the wire is received and validated, the cash balance is updated in the USD wallet in the BitGo application. Clients enter their bank wiring info directly in the BitGo app (or API) for Know-Your-Customer (KYC) and AML purposes, enabling BitGo Trust to validate the wire when received.

We look forward to announcing additional trading partners soon. Read more about BitGo’s trading integration platform in this Bloomberg article.

Connect with a member of our team to learn more about BitGo Custody.

About BitGo

BitGo is the leading infrastructure provider of digital asset solutions, delivering custody, wallets, staking, trading, financing, and settlement services from regulated cold storage. Since our founding in 2013, we have focused on enabling our clients to securely navigate the digital asset space. With a large global presence through multiple regulated entities, BitGo serves thousands of institutions, including many of the industry's top brands, exchanges, and platforms, as well as millions of retail investors worldwide. As the operational backbone of the digital economy, BitGo handles a significant portion of Bitcoin network transactions and is the largest independent digital asset custodian, and staking provider, in the world. For more information, visit www.bitgo.com.

©2025 BitGo Inc. (collectively with its affiliates and subsidiaries, “BitGo”). All rights reserved. BitGo Trust Company, Inc., BitGo Inc., and BitGo Prime LLC are separately operated, wholly-owned subsidiaries of BitGo Holdings, Inc., a Delaware corporation headquartered in Palo Alto, CA. No legal, tax, investment, or other advice is provided by any BitGo entity. Please consult your legal/tax/investment professional for questions about your specific circumstances. Digital asset holdings involve a high degree of risk, and can fluctuate greatly on any given day. Accordingly, your digital asset holdings may be subject to large swings in value and may even become worthless. The information provided herein is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. BitGo is not directing this information to any person in any jurisdiction where the publication or availability of the information is prohibited, by reason of that person’s citizenship, residence or otherwise.