{"id":31419,"date":"2026-10-16T22:48:08","date_gmt":"2026-10-16T22:48:08","guid":{"rendered":"https:\/\/pettysackingforum.com\/?p=31419"},"modified":"2026-10-16T22:48:08","modified_gmt":"2026-10-16T22:48:08","slug":"bitget-launches-open-custody-network-for-institutional-crypto-trading","status":"publish","type":"post","link":"https:\/\/pettysackingforum.com\/?p=31419","title":{"rendered":"Bitget launches Open Custody Network for institutional crypto trading"},"content":{"rendered":"
<\/div>\n

Bitget has launched the Bitget Open Custody Network, a framework designed to give institutional clients access to its trading and liquidity infrastructure while allowing them to retain their preferred third-party custody arrangements.<\/p>\n

The network connects institutional investors, custody providers and asset partners, offering access to spot, spot margin and futures trading, subject to client eligibility, the selected custody solution and final agreements.<\/p>\n

The launch comes as institutions increasingly focus on custody, settlement and risk management when allocating capital to digital assets. <\/p>\n

A survey of 351 institutions conducted by Coinbase and EY-Parthenon found that 46% identified improvements in institutional-grade infrastructure as a key driver of increased crypto allocations.<\/p>\n

Bitget’s approach aims to separate asset custody from trade execution, giving institutions greater flexibility over how they hold collateral and manage trading operations.<\/p>\n

Bitget adds six custody and settlement partners<\/h2>\n

The network includes six solutions: Copper ClearLoop, Fireblocks Off Exchange, Cactus Custody Oasis, Bitfire PrimeMirror, OSL MirrorEX and Sygnum Protect.<\/p>\n

Copper, Fireblocks, Cactus Custody, Bitfire and OSL provide third-party custody and off-exchange settlement (OES) routes. Sygnum Protect offers a different structure based on custody, pledging, and lending.<\/p>\n

Under a typical OES arrangement, eligible client assets remain with a third-party custodian or in a designated collateral account. <\/p>\n

Bitget provides trading credit according to the agreed terms, while profits and losses are settled through predefined on-chain or off-chain mechanisms.<\/p>\n

The arrangements differ in their settlement schedules and operating requirements. <\/p>\n

Copper ClearLoop offers a configurable four-hour settlement schedule, while Cactus Custody Oasis settles every eight hours. Bitfire PrimeMirror follows a daily settlement schedule at 10:00 UTC+8.<\/p>\n

Fireblocks Off Exchange uses on-chain net settlement, with clients responsible for gas fees. OSL MirrorEX has a loss-triggered settlement mechanism that activates when losses reach or exceed 15% of total custodial assets.<\/p>\n

Custody models target different institutional needs<\/h2>\n

The network is intended to accommodate institutions with different trading strategies, compliance requirements, and operational preferences.<\/p>\n

Copper ClearLoop is designed for firms seeking multi-venue trading through a single custody relationship, while Fireblocks Off Exchange allows existing users to retain their wallet policies, multiparty computation setup and approval workflows.<\/p>\n

Cactus Custody Oasis and Bitfire PrimeMirror offer off-chain settlement structures for institutions seeking to reduce on-chain operational requirements. <\/p>\n

OSL MirrorEX is aimed at institutions prioritising Hong Kong’s regulated digital asset custody framework.<\/p>\n

Sygnum Protect is intended for institutions requiring bank-grade custody. <\/p>\n

Under this model, assets are held in a Sygnum Protect Portfolio and support trading through a pledge-and-loan mechanism rather than conventional mirrored trading credit.<\/p>\n

Sygnum is a FINMA-supervised digital asset bank with a Swiss banking licence. Specific trading scope, loan-to-value ratios, fees and risk parameters depend on the asset and onboarding arrangements.<\/p>\n

Institutions must assess collateral and settlement risks<\/h2>\n

Bitget said institutions should evaluate custody solutions based on their existing providers, trading strategies, collateral requirements and risk policies.<\/p>\n

Account structures are another consideration. Across most live OES routes, the master account is linked to the custody arrangement, while sub-accounts can trade under applicable rules. <\/p>\n

Profits and losses are generally aggregated and settled at the master-account level.<\/p>\n

Deposit and withdrawal restrictions also vary. <\/p>\n

Some custody models restrict standard on-chain transactions once custody mode is activated, while OSL supports deposits and eligible profit withdrawals subject to controls.<\/p>\n

Credit arrangements differ across providers. Copper, Cactus Custody, Bitfire and OSL offer 1:1 trading credit against eligible delegated balances. <\/p>\n

Fireblocks credit is determined during onboarding and may be lower, while Sygnum uses asset-specific loan-to-value ratios.<\/p>\n

Institutions must confirm eligible collateral, credit ratios, settlement procedures, fees, financing costs, and regional restrictions before connecting to the network. <\/p>\n

The framework expands custody options, but does not eliminate trading, counterparty, custody, or settlement risks.<\/p>\n

The post Bitget launches Open Custody Network for institutional crypto trading<\/a> appeared first on Invezz<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitget has launched the Bitget Open Custody Network, a framework designed to give institutional clients access to its trading and liquidity infrastructure while allowing them to retain their preferred third-party custody arrangements. The network connects institutional investors, custody providers and asset partners, offering access to spot, spot margin and futures trading, subject to client eligibility, […]<\/p>\n","protected":false},"author":1,"featured_media":31420,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[],"class_list":["post-31419","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news"],"_links":{"self":[{"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=\/wp\/v2\/posts\/31419","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=31419"}],"version-history":[{"count":0,"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=\/wp\/v2\/posts\/31419\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=\/wp\/v2\/media\/31420"}],"wp:attachment":[{"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31419"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31419"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31419"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}