Bitget Launches Open Custody Network, Giving Institutions Choice in Custody and Access to Markets

Trade execution and asset custody have mostly been delivered by different types of service providers in the traditional markets. Institutions decide which provider to choose to safeguard their assets and which one to ask for the trading service. They also decide how settlements are completed. All these depend on the institutions’ risk appetite, compliance policies, operating model, and asset-management requirements. Institutions are asking for a similar infrastructure in the digital asset market domain. Coinbase and EY-Parthenon surveyed 351 institutions and found that 46% of them think of institutional-grade infrastructure as a key driver in deciding whether to allocate more capital…