Bitget Launches Open Custody Network for Institutional Crypto Traders
Crypto exchange Bitget Token (CRYPTO:BGBUSD) has introduced the Bitget Open Custody Network, a service allowing institutional investors to trade on its venue while retaining control of their digital assets through third-party custodians. The network connects institutional clients, custodians, and asset partners across spot, spot margin, and futures trading options.
The new setup separates asset holding from trade execution, addressing growing demand among large market participants for reduced counterparty risk. Institutional investors can now access exchange liquidity without moving funds directly onto the central platform. Six initial custody and settlement arrangements are included, such as Copper ClearLoop, Fireblocks Off Exchange, Cactus Custody Oasis, Bitfire PrimeMirror, OSL MirrorEX, and Swiss digital asset bank Sygnum Protect.
Institutions utilizing the network will face varying settlement schedules, collateral requirements, and fee structures depending on their chosen custodian. While credit for trading is offered at a 1:1 ratio across several partners, others apply specific loan-to-value ratios or customized limits. Investors must evaluate individual custodian rules, account aggregation structures, and settlement risks before connecting.
Key points
- Bitget launched the Open Custody Network to connect institutional investors with third-party digital asset custodians while trading on its platform.
- The framework separates trade execution from asset custody across spot, margin, and futures trading products.
- Six partners, including Copper ClearLoop, Fireblocks Off Exchange, and Sygnum Protect, offer diverse settlement and collateral options.
- Trading credit models range from 1:1 collateral ratios to pledge-and-loan mechanisms and custom risk setups.
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How we writeDisclaimerQuestions and answers
What is the Bitget Open Custody Network?
It is a framework that allows institutional clients to access Bitget trading and liquidity while keeping their crypto assets with third-party custodians.
Which custodians are supported on Bitget Open Custody Network?
Initial partners include Copper ClearLoop, Fireblocks Off Exchange, Cactus Custody Oasis, Bitfire PrimeMirror, OSL MirrorEX, and Sygnum Protect.
How does trade settlement work on the network?
Settlement schedules vary by provider, ranging from configurable four-hour windows with Copper to daily schedules, loss-triggered settlements, or on-chain net settlement.