BITGO has announced support for HyperevM, which means that secure access and custody are for institutional users in the hyperliquid ecosystem.
Summary
- Bitgo has extended its custody solution to institutions participating in Hyperliquid’s HyperevM.
- The platform now supports the custody of the hype, self -spice and governance.
Said bitgo in one update That his custody solution was now live for hyperliquid (hype), which made access to HyperevM to institutions accessible.
The integration, noted Bitgo, ensures qualified detention with institutional investors who can continue to participate in the leading ecosystem on the chains. In short, users can use Bitgo’s secure guardian service while communicating with assets on the HyperevM, including the native token -hype.
Users can now have access through self -wide portfolios, decentralized applications and participate in governance. The products of the platform also include stablecoins, insert solutions, settlement, real-world assets, collateral and asset management.
Bitgo support comes a few days after Anchorage Digital Bank has added the support for custody to hype, which integrates the security of institutional quality in the HyperevM.
Hyperliquid’s growth
Hyperevm is the Ethereum (ETH) compatible smart contract layer from Hyperliquid, the key to its decentralized financial traction. Currently, the Hyperliquid L1 has locked more than $ 2.53 billion in total value and more than $ 5.58 billion in Stablecoin market capitalization.
As the interest in Defi grows, the support of Bitgo institutional customers who keep an eye on Hyperliquid will keep an eye on the ecosystem of the platform.
In the meantime, as Crypto.news emphasized on 26 August, spot volumes on the platform on the day to $ 3.5 billion, which marked a new 24-hour of all time.
The increase in the new peak in particular is in line with a peak in bitcoin and ethereum deposits. The milestone sees hyperliquid rank as the second largest trading location for Spot BTC on both centralized and decentralized trade fairs.
The interest in hype as the hyperliquid ecosystem grows, has recently stimulated open interest in the Altcoin to a new all -time. Based on writing, data from Coinglass shown Open interest at $ 2.17 billion.
