BitGo Holdings, Inc. (NYSE: BTGO) announced that eligible clients using BitGo self custody hot wallets can connect their existing wallets to Hyperliquid through WalletConnect.
The capability allows eligible BitGo clients to access Hyperliquid perpetual markets without creating a separate wallet or introducing a new approval process for fund transfers.
Following the required one-time activation, clients can place, modify, and close orders on Hyperliquid without providing a new BitGo wallet signature or making a separate onchain gas payment for each order. Hyperliquid trading and other applicable fees may still apply.
“Institutional traders should not have to build a new wallet stack every time they access onchain venue,” said CEO Mike Belshe.
“We believe this connectivity gives clients a more efficient way to access Hyperliquid using their existing BitGo self custody wallets, while keeping their established controls over wallet access and fund transfers.”
Deposits and withdrawals that require a BitGo wallet transaction continue to follow the wallet’s configured approval policies, including any multi-user approval requirements. Once funds are available for trading on Hyperliquid, clients can manage orders and positions without returning to BitGo to sign each trading action
BTGO shares took on 11 cents, or 1.5%, to $7.62.
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