BitGo has pending acquisitions even after canceling the purchase of Prime Trust.

Cryptocurrency custody firm BitGo still has potential acquisitions planned, even though it called off its attempt to acquire rival Prime Trust. BitGo’s CEO, Mike Belshe, revealed this in an interview with blockchain TV’s First Mover on Monday.

The acquisition of Prime Trust was terminated by BitGo on June 23 after rumors of Prime Trust’s bankruptcy began to circulate. It was reported that Prime Trust was stopping deposits and withdrawals following an order from the Nevada Financial Institution Division.

“We’ve got [other acquisitions] pending,” Belshe said. “I haven’t been able to announce them yet but I think there’s going to be consolidation in the space over the next six months.”

This article was edited by Sheldon Reback.

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