• Auto Liquidation enables clients to focus on their core business activities by removing the burden of continually placing orders to sell their digital assets.

  • Once digital assets are received at a wallet address set up with Auto Liquidation, orders will be placed to sell those assets based on the confirmed standing instructions.

  • This capability can be utilized by a wide range of clients, such as digital asset miners and financial institutions, to save time.

The rising interest in digital assets has transformed consumer payment habits in today's market. While this presents exciting opportunities for businesses it also presents a new challenge: efficiently converting the assets they receive into USD. Auto Liquidation, a new trading capability from BitGo, addresses this very issue by offering businesses an automated way to sell digital assets and receive USD.

How it works

To initiate Auto Liquidation, clients need a multi-asset Go Account wallet, provided by BitGo Trust Company, Inc., a bankruptcy-remote, regulated, qualified custodian with up to $250M in insurance. Clients can then select the wallet address(es) and assets types that will be used for Auto Liquidation. Following this setup, any time assets are received orders will automatically be placed based on the standing instructions.

Auto Liquidation leverages BitGo Prime’s institutional-grade trading infrastructure and deep liquidity network to execute orders. This capability removes the need for clients to monitor their wallets to determine when assets have been received and the operational burden of placing sell orders each time. Once the proceeds from the order are available, clients are free to hold, transfer, or withdraw as needed.

"At BitGo, we understand the challenges clients face when managing digital assets,” said Steve Scott, Executive Director of Sales at BitGo. “Auto Liquidation is a direct response to these challenges, offering a seamless and efficient way to turn digital assets into USD. This allows our clients to focus on what they do best, while BitGo handles the conversion process."

By simplifying the process of turning digital assets into USD, BitGo is empowering businesses and institutions to confidently participate in the digital asset economy. Contact us to learn more about how you can leverage Auto Liquidation to meet your business needs today.

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About BitGo

BitGo is the leading infrastructure provider of digital asset solutions, offering custody, wallets, staking, trading, financing and settlement out of regulated cold storage. Founded in 2013, BitGo is the first digital asset company to focus exclusively on serving institutional clients. BitGo is dedicated to advancing a digital financial services economy that is borderless and accessible 24/7. With multiple Trust companies around the world, BitGo is the preferred security and operational backbone for more than 1,500 institutional clients in 50 countries, including many of the world’s top brands, cryptocurrency exchanges and platforms. BitGo also secures approximately 20% of all on-chain Bitcoin transactions by value and is the largest independent digital asset custodian. For more information, please visit www.bitgo.com.

©2024 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.