Bitget Launches Open Custody Network for Trading without Exchange Custody
The network lets institutions keep assets with external custodians while accessing Bitget liquidity, with some partners offering settlement as often as every eight hours.
- On Thursday, November 5, 2026, Bitget launched its Open Custody Network , allowing eligible institutions to trade cryptocurrencies across spot, margin, and futures markets while keeping assets with external custodians.
- This initiative addresses the centralized exchange model's reliance on holding customer assets, helping institutions manage concentration risks while accessing Bitget's trading infrastructure without transferring holdings into the platform.
- Through asset mirroring, Bitget connects with providers including Copper, Cactus Custody Oasis, Fireblocks, OSL MirrorEX, Bitfire PrimeMirror, and Sygnum Bank, enabling firms to trade without moving underlying holdings into the exchange.
- Bitget CEO Gracy Chen described the approach as "Assets in Bank, Tradings on Bitget," emphasizing that the service provides liquidity and capital efficiency while maintaining user choice of independent custodian.
- Following the September security breach, Bitget seeks to improve trust after restoring withdrawals and continuing to publish regular reserve disclosures detailing its covered customer assets.
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The Toronto Star
Bitget Introduces Open Custody Network, Redefining the Relationship Between Custody and Trading
VICTORIA, Seychelles, Nov. 05, 2026 (GLOBE NEWSWIRE) -- Bitget, the world's largest Universal Exchange (UEX), has announced the launch of the Open Custody Network (OCN), a new network connecting banks
crypto.news
NDTV Gadgets 360Bitget launches Open Custody Network for trading without exchange custody
Bitget has launched its Open Custody Network (OCN), allowing eligible users to trade cryptocurrencies across its spot, margin, and futures markets while keeping their underlying assets with independent banks and institutional custodians. According to the company’s November 5 announcement, the…
Bitget Launches Open Custody Network
Bitget introduced the Open Custody Network on November 5 to link external banks and custodians with its trading infrastructure, aiming to decouple execution from asset safekeeping for eligible users. Read the original on Bitget Launches Open Custody Network to Separate Trading From Asset Storage. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
NewsBTC
Cryptocurrency News | Cryptocurrency Prices | Market CapBitget Launches Open Custody Network to Separate Institutional Trading From Asset Storage
Bitget announced an Open Custody Network on November 5 intended to connect external banks and institutional custodians with its trading infrastructure. The…
VICTORIA, Seychelles, Nov. 06, 2026 (GLOBE NEWSWIRE) — Bitget,Universal Exchange (UEX) terbesar di dunia, mengumkan pelancaran Open Custody Network (OCN), sebuah rangkaian baharu yang menghubungkan bank dan penyedia perkhidmatan penjagaan aset bertaraf institusi dengan infrastruktur pertagangan Bitget untuk semua pengguna yang layak. Inisiative ini menangani satu ciri struktur yang telah lama wujud dalam industri bursa [...] The post Bitget Memp…
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