15
Change this if you want 2y ago

RIP Prime Trust!

BitGo terminated acquisition

Reply to this note

Please Login to reply.

Discussion

Avatar
signal_and_rage 2y ago

🫡

15
Change this if you want 2y ago

Another one bites the dust 😁

Avatar
Nostr Gang 2y ago

Oof

15
Change this if you want 2y ago

I mean it was predictable! Telling we are going to acquire vs acquired are different things! Just a words lol

Avatar
Nostr Gang 2y ago

🪦 😂

57
The Raven of Wall Street! 2y ago

any idea why Prime Trust went under? what happened?

Avatar
Bud 2y ago

One wonders if the economics could even work for a Bitcoin-only custodian? How could they make a profit on a bunch of HODLrs, lol.

Prime Trust dealt in shitcoins, as does Coinbase Custody and Fortress Trust. Fortress got the Swan Bitcoin and iTrust Capital contracts recently. My guess is, custodians probably need to serve shitcoin traders to generate enough fees to make it.

Avatar
21 Stackage 🦡 2y ago

Rugged