Bitget Launches Open Custody Network to Separate Trading From Asset Storage
(2 hours ago) · 1 source · Summarized by CryptoBipto
Cryptocurrency exchange Bitget has announced the launch of its Open Custody Network, a system designed to let institutional clients trade on the platform while keeping their assets stored separately with third-party custodians. The initiative aims to reduce counterparty risk by ensuring that trading activity and asset custody are handled independently.
WHY IT MATTERS
When you trade on a typical crypto exchange, you first deposit your coins onto the platform, meaning the exchange holds your assets.
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SOURCES
- newsbtc.com
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