Digital assets custodian BitGo, will not be going forward with its planned acquisition of its rival crypto custody platform Prime Trust. 

BitGo announced the termination of the purchase of Prime Trust via Twitter on June 22. Although the company did not state a reason for breaking off the acquisition deal, BitGo stated that the decision “was not made lightly and BitGo remains committed to our mission to deliver trust in digital assets.”

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Author: Anthonia Isichei

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