The partnership with BitGo Singapore follows the recently launched $2 billion Trust Project by KuCoin, aiming to extend security and trust of users on the platform. KuCoin Exchange , one of the leading global cryptocurrency exchanges boasting 41 million users, is entering a strategic partnership with BitGo Singapore Pte. Ltd. (“BitGo Singapore”), a subsidiary of BitGo, Inc. The partnership will see KuCoin integrate its services into BitGo Singapore’s Off-Exchange Settlement (OES) platform, Go Network . According to the statement, the exchange partnership will enhance KuCoin Exchange’s trust and security over institutional users’ assets, allowing them to trade on the exchange with no slippage. Additionally, the strategic collaboration also marks a milestone in KuCoin’s recently launched $2 billion Trust Project, designed to strengthen platform security and institutional trust. The Trust Project was launched earlier this month, aiming to provide a “security fund” that provides institutional users with a secure, reliable space where they can trade with confidence. Commenting on the latest partnership with BitGo Singapore, Tika Lum, Head of Institutional Business Development at KuCoin, stated: “Security and trust are the foundation for institutional adoption. 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.” In addition to offering an off-exchange settlement platform, BitGo’s Go Network also allows instant settlement of USD and digital assets between Go Network clients, and settling USD and digital assets using Delivery vs Payment between Go Network clients. The platform boasts of over 900+ digital and fiat assets with over $12 billion in asset value transacted on the platform. Securing Trust And Security For Institutional Clients This exchange partnership marks a one-of-a-kind relationship between two of the largest cryptocurrency exchanges in the world. The integration into BitGo Singapore’s Off-Exchange Settlement (OES) platform will allow KuCoin’s institutional clients to trade without pre-funding their exchange wallets. Their assets will remain securely held in regulated custody under BitGo Singapore, a licensed Major Payment Institution under the Monetary Authority of Singapore (MAS). “Partnering with KuCoin on Go Network through BitGo Singapore marks a major step forward in building a more efficient trading ecosystem,” Brett Reeves, Head of Go Network at BitGo, stated in his welcome speech. “This is how digital asset trading should be—secure, compliant, and built on trust.” This follows the growing institutional interest in the cryptocurrency space, with the partnership offering a mature and proven model of custody and execution separation, diversifying counterparty and systemic risk while enhancing operational security. Notwithstanding, institutional clients trading on KuCoin will also benefit from a comprehensive suite of features designed to enhance security, compliance, and flexibility in the digital asset space. Some of the features clients will benefit from include qualified custody with insurance coverage up to $250 million, automated post-trade settlement, and full asset control with delegated trading access. The partnership will allow institutional clients to access the full suite of products on KuCoin Exchange, including spot, margin, options, and perpetual futures via BitGo Singapore’s Go Network. Off-exchange settlement is gaining traction across the industry, providing institutional clients with a safer and instantaneous way to execute large trades without slippage. Additionally, it allows them to trade without pre-funding, reducing capital inefficiencies and mitigating counterparty exposure. KuCoin’s team aim to leverage the recent partnership to boost its platform’s compliance structure and custody. This will help the exchange build a more secure and trustworthy digital asset trading environment. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
