KuCoin joins BitGo’s Go Network, bolstering $2B trust project for institutional clients

Global cryptocurrency exchange KuCoin has announced a significant strategic partnership with BitGo Singapore Pte. Ltd., a subsidiary of the renowned digital asset infrastructure provider BitGo, Inc. This collaboration will see KuCoin integrate BitGo Singapore’s Go Network for Off-Exchange Settlement (OES), a move designed to bolster platform security and enhance institutional trust as part of KuCoin’s ambitious $2 Billion “Trust Project”. Through this integration, institutional clients utilizing the KuCoin exchange will now gain the ability to trade without the need to pre-fund their exchange wallets. Instead, their assets will remain securely held in regulated custody under BitGo Singapore, which operates as a licensed Major Payment Institution under the stringent oversight of the Monetary Authority of Singapore (MAS). This innovative setup introduces a mature and proven model that effectively separates custody from execution, thereby diversifying counterparty and systemic risks while significantly enhancing operational security for institutional participants. This partnership means institutional clients trading on KuCoin can now leverage a comprehensive suite of features tailored to meet the demanding security, compliance, and flexibility requirements of the digital asset space. Key benefits include access to qualified custody with substantial insurance coverage of up to $250 million, automated post-trade settlement processes, and full asset control with delegated trading access. Importantly, KuCoin’s entire suite of trading products—encompassing spot, margin, options, and perpetual futures—can now be accessed through the Go Network, ensuring that client assets remain protected within BitGo’s secure custodial environment throughout the trading lifecycle. A shared vision for a more resilient trading ecosystem Leaders from both KuCoin and BitGo have hailed the collaboration as a pivotal step forward for institutional digital asset trading. Tika Lum, Head of Institutional Business Development at KuCoin, emphasized the foundational importance of security and trust for institutional adoption. “We are proud to integrate with BitGo Singapore’s Go Network,” Lum stated. This partnership represents a critical component of our $2 Billion Trust Project and delivers a more resilient trading paradigm to institutional clients globally. Echoing this sentiment, Brett Reeves, Head of Go Network at BitGo, remarked, “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.” As the concept of off-exchange settlement continues to gain traction across the cryptocurrency industry, KuCoin has affirmed its commitment to ongoing collaboration with global leaders in compliance and custody. The exchange aims to continuously contribute to the development of a more secure and trustworthy digital asset trading environment for all participants. Founded in 2017, KuCoin has established itself as one of the pioneering and most globally recognized technology platforms supporting digital economies. It is built upon a robust foundation of cutting-edge blockchain infrastructure, comprehensive liquidity solutions, and a focus on exceptional user experience. With a connected user base exceeding 41 million worldwide, KuCoin offers a wide array of digital asset solutions, including wallets, trading services, wealth management tools, payment systems, research initiatives, venture investments, and AI-powered trading bots. KuCoin has received accolades such as ‘Best Crypto Apps & Exchanges’ by Forbes and was recognized among the ‘Top 50 Global Unicorns’ by Hurun in 2024, reflecting its commitment to user-centric principles and core values like integrity, accountability, collaboration, and the pursuit of excellence. BitGo stands as a leading infrastructure provider of digital asset solutions, delivering a comprehensive suite of services including custody, wallets, staking, trading, financing, and settlement, all from regulated cold storage environments. Since its founding in 2013, BitGo has focused on enabling its clients to navigate the digital asset space securely. The post KuCoin joins BitGo’s Go Network, bolstering $2B trust project for institutional clients appeared first on Invezz

Source: Invezz