Bitget launches Open Custody Network for trading without exchange custody

Bitget has launched its Open Custody Network (OCN), allowing eligible users to trade cryptocurrencies across its spot, margin, and futures markets while keeping their underlying assets with independent banks and institutional custodians. Bitget has launched its Open Custody Network, allowing eligible users to trade cryptocurrencies while keeping their underlying assets with external banks and institutional custodians. The network uses asset mirroring to connect externally held assets with Bitget's spot, margin and futures markets without requiring direct exchange custody. Market makers, asset managers and other institutional traders can use the service to manage custody concentration risks while accessing Bitget's trading infrastructure.

Also reported by Cointribune, TheCoinrise.

Source: crypto.news