FLOKI Announces Strategic Partnership with BitGo, Boosting its Adoption

FLOKI forms a strategic partnership with BitGo to boost widespread adoption, eliciting community excitement about institutional integration and prospects.

FLOKI, a prominent crypto project, has joined forces with BitGo, a renowned digital asset financial services provider and a leading name in the realm of crypto custody solutions. 

FLOKI took to Twitter to announce the development, noting that BitGo is a dominant force in the crypto custody market with over $64 billion of assets under management.

#Floki has formed a strategic partnership with @BitGo, a leading digital asset financial services provider and #crypto custody solution with over $64 billion of assets under management. pic.twitter.com/lI1MeMLYV7

— FLOKI (@RealFlokiInu) July 5, 2023

This latest partnership comes a month after Floki secured a similar alliance with Binance Pay and AliExpress, as The Crypto Basic disclosed. 

According to Floki, BitGo is the primary crypto custody solution for many prominent exchanges, including Robinhood, Coinbase, Fidelity Digital, Bitstamp, Rain, and Bitbuy. 

The FLOKI team highlighted BitGo’s impressive lineup of top-tier investors, including industry giants such as Goldman Sachs, Jump Capital, Redpoint, and Galaxy Digital.

The strategic partnership between FLOKI and BitGo holds promise, particularly in driving widespread adoption among retail and institutional investors. FLOKI, embraced as the people’s crypto, seeks to capitalize on BitGo’s reputation and expertise to accelerate its growth trajectory.

FLOKI Community Reacts

The tweet from FLOKI about the partnership garnered a whopping 32.6k engagements, indicating the community’s enthusiasm for this collaboration. 

A core contributor to FLOKI expressed delight, stating that the official partnership with BitGo, the industry leader in crypto custody, would undoubtedly propel FLOKI’s journey forward. 

An acclaimed Crypto Scofield suggested that something substantial was on the horizon for FLOKI. Specifically, he highlighted that the collaboration arrived when heavyweight institutions such as Blackrock and Fidelity were actively embracing cryptocurrencies. 

A prominent crypto influencer applauded the FLOKI-BitGo partnership, stressing that institutional exchanges require custody integration before listing a coin. 

Notably, the FLOKI-BitGo alliance is just one of FLOKI’s streak of success in widespread adoption in the last six months. 

In April, FLOKI secured a collaboration that exposed it to more than 600 million Asians, as The Crypto Basic reported. Before that, it partnered with a data analytic platform to target 140 million crypto users.

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• Source: https://thecryptobasic.com/2023/07/05/floki-announces-strategic-partnership-with-bitgo-boosting-its-adoption/?utm_source=rss&utm_medium=rss&utm_campaign=floki-announces-strategic-partnership-with-bitgo-boosting-its-adoption