🎉 Cryptocurrency exchange Bitget launches an open asset custody network connecting custodians with trading platforms

🎉 Cryptocurrency exchange Bitget launches an open asset custody network connecting custodians with trading platforms

The launch aims to address a structural feature of the centralized model, in which cryptocurrency custody and trading are concentrated on a single platform.

🔣 The Open Custody Network is designed to allow users to access Bitget markets without transferring their underlying assets from banks or institutional custodians to the exchange. This means that while clients trade on the exchange, their funds remain under the custody of their selected provider.

🔣 The network supports spot, margin, and futures trading, allowing users to execute transactions both with and without leverage.

🔣 The proposed model combines bank-grade and institutional-grade security, integrated exchange trading, capital efficiency, and interconnected liquidity within a single system.

🔣 Bitget positions its network as a particularly relevant solution for market makers, asset managers, and other institutions, which require careful assessment of the associated risks.

🔣 For traders, Open Custody Network could provide a more integrated experience, lower barriers to market access, and promote fairer access to financial services.

#news #crypto #worldwide

🥰 Coinlink - #1 Payment Processing for High-Risk Businesses