KukoinA prominent global Cryptocurrency exchange with over 41 million users, today announced its integration and exchange collaboration with Bitgo Singapore PTE. Ltd. (“Bitgo Singapore”), a division of BitgoInc through its GO network for exchange platform (OES) ,. In Kucoin’s “Trust project of $ 2 billion” aimed at improving institutional confidence and platform security, this partnership represents yet another important milestone.
Institutional Kucoin customers can now act but to finance exchange wallets for this integration. Bitgo Singapore, an important payment institution that is licensed by the monetary authority in Singapore (MAS), is responsible for safe and regulated custody of assets. This configuration improves operational security and diversifies the counterpart and systemic risk by providing a well -established and tested concept of custody and implementation.
A comprehensive functional set that aims to improve security, compliance and flexibility in the digital asset market is now available to institutional customers who shop at Kucoin. Customers have complete asset control with delegated trade access, automatic decommissioning by trade and qualified custody with insurance cover up to $ 250 million. Go Network now offers access to Kucoin’s entire product line, including location, margin, alternatives and eternal future, which guarantees access protection.
Tika Lum, head of institutional business development in Kucoin, commented:
“Security and trust are the basis for institutional adoption. We are proud to integrate with Bitgo Singapore’s GO network. This partnership represents a critical part of our trust project of $ 2 billion and delivers a more resilient trading paradigm to institutional customers globally.”
Brett Reeves, Head of Go Network at Bitgo, added:
“The collaboration with Kucoin on Go network through Bitgo Singapore marks a major step forward to building a more efficient trade in ecosystems. This is how digital asset trading should be – safe, compatible and built on trust.”
Kucoin will continue to collaborate with world-famous compliance and custody experts when the off-Exchange solution becomes more popular in the market to create a safer and reliable digital asset trading environment.
Bitgo, the largest independent digital asset goods and fencing supplier in the world, manages a significant percentage of Bitcoin network transactions and acts as the operational backbone of the digital economy. The monetary authority in Singapore (MAS) has granted Bitgo Singapore a license to serve as a large payment institution. For more information, go to www.bidgo.com.
