KuCoin Partners with BitGo Singapore to Enhance Institutional Crypto Trading Security
KuCoin integrates with BitGo Singapore for secure, efficient off-exchange settlements, boosting institutional trust in cryptocurrency trading.
KuCoin, a leading global cryptocurrency exchange with over 41 million users, has announced a significant partnership with BitGo Singapore Pte. Ltd., a subsidiary of BitGo, Inc. Through this collaboration, KuCoin integrates BitGo's Go Network for Off-Exchange Settlement (OES) platform, marking a pivotal step in KuCoin's ambitious $2 Billion 'Trust Project.' This strategic move aims to bolster platform security and institutional trust in cryptocurrency trading.
The partnership allows institutional clients on KuCoin to trade without the need to pre-fund exchange wallets. Assets are securely held in regulated custody under BitGo Singapore, which is a licensed Major Payment Institution by the Monetary Authority of Singapore (MAS). This arrangement provides a mature custody and execution separation model, diversifying counterparty and systemic risks while enhancing operational security.
Institutional clients trading on KuCoin can now enjoy a comprehensive suite of features designed to boost security, compliance, and flexibility in the digital asset space. Benefits include qualified custody with insurance coverage up to $250 million, automated post-trade settlement, and full asset control with delegated trading access. Additionally, KuCoin's full suite of products—spot, margin, options, and perpetual futures—are now accessible via the Go Network, ensuring assets remain well-protected.
Tika Lum, Head of Institutional Business Development at KuCoin, emphasized the importance of security and trust for institutional adoption. She stated, "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, echoed these sentiments, highlighting the partnership as a major advancement in creating a more efficient trading ecosystem. He 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 off-exchange settlement gains increasing traction in the industry, KuCoin remains committed to collaborating with global leaders in compliance and custody. The exchange continues to build a more secure and trustworthy digital asset trading environment, fostering confidence among institutional investors.
Founded in 2017, KuCoin is a pioneering global technology platform supporting digital economies. It is renowned for its robust blockchain infrastructure, liquidity solutions, and exceptional user experience. With a connected user base exceeding 41 million worldwide, KuCoin provides comprehensive digital asset solutions, earning accolades such as 'Best Crypto Apps & Exchanges' by Forbes.
BitGo, established in 2013, is a leading infrastructure provider of digital asset solutions, offering custody, wallets, staking, trading, and settlement services from regulated cold storage. Serving thousands of institutions and millions of retail investors globally, BitGo is a major player in the digital economy, handling a significant portion of Bitcoin network transactions.