Friday, 12 April 2024
Trending

Crypto News

Bitget Partners with Matrixport’s Cactus Custody to Enhance Institutional Crypto Asset Security

Bitget Partners with Matrixport's Cactus Custody to Enhance Institutional Crypto Asset Security

Victoria, Seychelles, April 4th, 2024, Chainwire

Bitget, the world’s leading crypto exchange and Web3 company, has announced a partnership with Cactus Custody, a subsidiary of Matrixport, to offer Oasis fund custody services and off-exchange settlement services. In a strategic move to better address institutional clients’ needs for secure management of digital assets, the collaboration not only minimizes counterparty risks associated with exchange trading but also provides an effective tool for capital efficiency management.

The comprehensive partnership aims to offer institutional clients a robust suite of services tailored to their trading needs, bolstering security and efficiency in managing digital assets. In addition to providing Oasis fund custody services and settlement services, the partnership also extends support for various trading types, including spot, leveraged spot (cross/ isolated), and futures. Futures products encompass USDT perpetual, coin-margined perpetual, coin-margined delivery, and USDC perpetual, supporting off-exchange settlement currencies such as USDT, USDC, BTC, ETH, AVAX, and ARB. Trading fee rates and VIP levels are determined based on user grades on Bitget, with the flexibility for personalized configuration, while custody account fee rates align with those of regular accounts.

Under the partnership, Bitget users can now benefit from services and security provided by Cactus Custody. These services offer several key advantages, including minimized fund risks through secure third-party Oasis wallet custody, swift transactions that avoid delays from on-chain transfers, efficient over-the-counter settlement processes, enhanced capital efficiency by enabling immediate redeployment of profits after settlement, and reduction of the need for continuous tracking of exchange wallets.

Gracy Chen, Managing Director of Bitget, expressed: “As digital asset adoption among institutions continues to grow, ensuring the utmost security of these assets becomes paramount. Our partnership with Cactus Custody underscores our commitment to providing institutional clients with the highest standards of security and efficiency in managing their digital assets. Through this collaboration, we aim to further strengthen our position as a trusted partner for institutional investors seeking reliable crypto asset management…

Click Here to Read the Full Original Article at CoinJournal: Latest Crypto News, Alt Coin News and Cryptocurrency Comparison…