KuCoin, a prominent global cryptocurrency exchange with over 41 million users, today announced its integration and exchange cooperation with BitGo Singapore Pte. Ltd. (“BitGo Singapore”), a division of BitGo, Inc through its Go Network for Off-Exchange Settlement (OES) platform, . In KuCoin’s $2 billion “Trust Project,” which aims to improve institutional trust and platform security, this partnership represents yet another important milestone.
Institutional KuCoin customers may now trade without pre-funding exchange wallets because to this integration. BitGo Singapore, a Major Payment Institution licensed by the Monetary Authority of Singapore (MAS), is responsible for the safe and regulated custody of assets. This configuration improves operational security and diversifies counterparty and systemic risk by providing a well-established and tested concept of custody and execution separation.
An extensive feature set aimed at improving security, compliance, and flexibility in the digital asset market is now available to institutional customers trading on KuCoin. Clients have complete asset control with delegated trading access, automatic post-trade settlement, and qualified custody with insurance coverage up to $250 million. Go Network now offers access to KuCoin’s entire product line, including spot, margin, options, and perpetual futures, guaranteeing asset protection.
Tika Lum, Head of Institutional Business Development at KuCoin, commented:
“Security and trust are the foundation for institutional adoption. We are proud to integrate with BitGo Singapore’s Go Network. This partnership represents a critical component of our $2 Billion Trust Project and delivers a more resilient trading paradigm to institutional clients globally.”
Brett Reeves, Head of Go Network at BitGo, added:
“Partnering with KuCoin on Go Network through BitGo Singapore marks a major step forward in building a more efficient trading ecosystem. This is how digital asset trading should be—secure, compliant, and built on trust.”
KuCoin will keep collaborating with world-renowned compliance and custody experts as off-exchange settlement becomes more popular in the market to create a more safe and reliable digital asset trading environment.
Offering custody, wallets, staking, trading, financing, and settlement services from regulated cold storage, BitGo is the leading infrastructure supplier of digital asset solutions. The goal since its establishment in 2013 has been to help its customers safely traverse the world of digital assets. BitGo supports millions of individual investors globally and hundreds of institutions, including many of the leading brands, exchanges, and platforms in the sector, via its several regulated organizations.
BitGo, the biggest independent digital asset custodian and staking provider in the world, manages a significant percentage of Bitcoin network transactions and serves as the operational backbone of the digital economy. The Monetary Authority of Singapore (MAS) has granted BitGo Singapore a license to operate as a Major Payment Institution. To learn more, go to www.bitgo.com.
Source: https://thenewscrypto.com/kucoin-integrates-bitgo-singapores-go-network-further-boosting-2b-trust-project/