Bitget launches Open Custody Network, letting users trade without moving assets into exchange custody
- Bitget has launched the Open Custody Network (OCN), connecting banks and institutional-grade custodians with its trading infrastructure for all eligible users.
- Through asset mirroring, users can keep assets with participating external custody providers while trading on Bitget’s spot, margin and futures markets.
- Bitget CEO Gracy Chen said the exchange’s “Assets in Bank, Tradings on Bitget” proposition puts custody choice at the centre of its approach.
Bitget, the world’s largest Universal Exchange (UEX), has announced the launch of the Open Custody Network (OCN), a new network connecting banks and institutional-grade custodians with Bitget’s trading infrastructure for all eligible users.
The initiative addresses a longstanding structural characteristic of the cryptocurrency exchange industry: the concentration of asset custody and trading activities within a single platform.
Breaking the link between custody and execution
Under the traditional centralized exchange model, users typically transfer their assets to an exchange to access the trading capabilities, concentrating custody and execution within the same venue.
Bitget OCN aims to address this shift by uniting custody independence, banking and institutional-grade security, integrated exchange trading, capital efficiency, and connected liquidity.
Through Bitget OCN, users can maintain custody of their assets with participating external providers while accessing trading opportunities on Bitget, without requiring the underlying assets to be held directly in exchange custody. It also aims to provide traders with a more integrated experience, lower barriers to entry for everyone, and more equitable access to financial services.
How OCN puts externally held assets to work
OCN connects independent custody with Bitget’s spot, margin, and futures markets through asset mirroring, allowing eligible users to trade while keeping assets with their selected provider.
For market makers, asset managers, and other institutions, the solutions offer a practical way to manage custody concentration risk while putting externally held assets to work across trading strategies.
The result is greater custody flexibility and the ability to deploy externally held assets across trading strategies.
Bitget challenges the exchange custody assumption
“We challenge the assumption that users must place their assets in an exchange’s custody to access its trading capabilities,” said Gracy Chen, CEO of Bitget. “Our proposition, ‘Assets in Bank, Tradings on Bitget.’, puts custody choice at the centre of that approach. For the first time, users can leverage world-class liquidity and capital efficiency with lower barriers and zero compromise on custody.”
For more information, visit here.
Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
Hannah Collymore
Hannah is a writer and editor with nearly a decade of blog writing and event reporting experience in the crypto space. At Cryptopolitan, Hannah contributes to the news page, reporting and analyzing the latest developments in DeFi, RWA, crypto regulation, AI and frontier tech industries. She graduated from Arcadia university with a degree in Business Administration.
