BitGo Wins Approval To Become National Trust Bank

Five cryptocurrency firms received preliminary approval to perform certain banking functions from the Office of the Comptroller of the Currency. BitGo is one of those companies and is poised to convert its South Dakota trust company into a federally chartered national trust bank. Mike Belshe, Co-Founder and CEO of BitGo discusses what this means for the company's future on "Bloomberg Markets" with Matt Miller.