CryptoMedium•5 November 2026•
1 min read
Bitget Launches Open Custody Network for Off-Exchange Trading
Key Facts
1Bitget launched the Open Custody Network (OCN), allowing eligible users to trade without keeping underlying assets in the exchange's direct custody.
2The network enables traders to access spot, margin, and futures markets while maintaining assets with independent banks and institutional custodians.
Bitget launched the Open Custody Network (OCN), allowing eligible users to trade without keeping underlying assets in the exchange's direct custody. According to crypto.news, the network enables traders to access spot, margin, and futures markets while maintaining assets with independent banks and institutional custodians.
The network utilizes an asset mirroring system to connect balances held by external custodians with trading accounts on Bitget, aiming to reduce security and counterparty risks. Institutional partners including Sygnum Bank, Copper, and Fireblocks are integrated into the framework, allowing deposited assets to serve as collateral while maintaining capital efficiency.