Floki, a meme coin that rivals the popular Shiba Inu, has revealed a strategic partnership with BitGo, a leading digital asset platform. This partnership will enable Floki to leverage BitGo’s security, liquidity, and custody solutions, as well as expand its reach to new markets and investors.
Floki is a community-driven project that aims to create a vibrant ecosystem of products and services for crypto enthusiasts and meme lovers.
BItGo and Floki, a Force to be Reckon With
The partnership with BitGo is a significant achievement for Floki, a cryptocurrency that aims to stand out in a crowded crypto space. BitGo is a leading provider of digital asset storage and management solutions, with over $64 billion in 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
The company offers a range of financial services, such as trading, lending, and custody, that cater to the needs of institutional investors, hedge funds, and exchanges around the world. BitGo is a trusted name in the crypto industry and has a reputation for security and reliability.
Floki is one of the “meme coins” that emerged as internet jokes but have since attracted considerable interest and value on the crypto market. Floki was launched in June 2021 and is inspired by the name of Elon Musk’s dog.
The tweet by Elon Musk that he would call his Shiba Inu dog “Floki” sparked a lot of interest in the meme coin named after the dog. Floki Inu, like Dogecoin and Shiba Inu, benefited from the attention of the influential billionaire.
The recent announcement of a partnership with BitGo, a reputable custodian in the crypto space, is expected to enhance the trust and security of the coin. However, BitGo has also faced some difficulties lately. The company’s planned $1.2 billion sale to Galaxy Digital was canceled in August 2021 due to a harsh crypto market downturn.
BitGo then sued Galaxy Digital, but the lawsuit was dismissed by a Delaware judge. The judge said that Galaxy had a “valid basis” to terminate the deal.
