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Bitget unveils Open Custody Network, enabling trading with third-party custodians
Bitget announced the launch of the Open Custody Network (OCN), allowing users to retain their assets with participating custodians while trading on the Bitget platform.
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Bitget has introduced the Open Custody Network (OCN), which enables users to keep their assets with supported third-party custodians while conducting trades on Bitget. According to the announcement, this structure is intended to address concerns about the risks associated with holding all assets in a single location, such as security, counterparty, and operational risks. Further details about the implementation or participating custodians were not disclosed in the post.
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Bitget is a cryptocurrency exchange that offers trading in spot, futures, and a variety of digital assets such as BTC, LTC, ETH, and USDT. The platform is accessible via web terminal and mobile app, provides copy trading services, supports demo accounts for practice, and offers user asset protection and collateralization features. To learn more about Bitget’s trading conditions and account setup, see the broker profile on Traders Union.
For background, our earlier news about Bitget covered Thailand's regulatory crackdown and plans to block the exchange over licensing issues. Read the previous Bitget update on Traders Union here.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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