In a recent interview with CoinDesk, Robert Liu, a board member of BitGlobal, revealed significant insights regarding the company’s strategic plans. Liu disclosed that the concept of forming a joint venture with BitGo originated in 2022, as BitGlobal was anticipating the imminent approval of a Bitcoin spot ETF. This potential ETF backing aimed to enhance the liquidity and credibility of Bitcoin in the mainstream market. Concurrently, BitGo was exploring collaborative opportunities to fortify its Wrapped Bitcoin (WBTC) project after a partnership with Galaxy Digital was aborted. Such initiatives highlight the ongoing commitment within the cryptocurrency sector to innovate and expand their offerings, as industry participants align themselves with evolving market conditions. The formation of synergies like this may play a crucial role in shaping the future landscape of digital assets.
Source: https://en.coinotag.com/breakingnews/bitglobals-robert-liu-discusses-strategic-joint-venture-with-bitgo-amid-bitcoin-spot-etf-anticipation/