OKX, a renowned blockchain technology and global crypto trading platform, is excited to announce its strategic landmark partnership with BitGo, an Off-Exchange Settlement (OES) that brings automated settlement infrastructure to institutional clients trading on OKX in the United States. The basic objective behind this integration is to allow secured institutional trading on OKX under BitGo’s regulated cold custody framework.
BitGo has a significant reputation in the crypto industry for securing assets in a very systematic manner. Because BitGo has been performing the duty of securing assets since 2013, it is very famous, and users have a strong confidence in terms of the security of their assets. This alliance reduces pre-funding requirements around venues and increases capital efficiency.
BitGo and OKX Bridge Custody and Trading with OES Integration
Assets stayed in BitGo’s regulated custody, controlled up to $250M in insurance. There are multiple steps that are covered under this single institutional framework, such as the process that starts from custody to execution to settlement and operation. Approaching exchange liquidity has historically required institutions to shift assets onto a venue, moving capital away from systematic custody.
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