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OKX taps BitGo custody in major US institutional trading push – TON BOT

OKX taps BitGo custody in major US institutional trading push

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OKX has integrated BitGo’s Off-Exchange Settlement platform for institutional clients in the United States, allowing firms to trade on OKX while keeping their assets in BitGo’s cold custody. This move aims to enhance capital efficiency for traders and institutions, reduce the need for pre-funding exchange accounts, and provide custody options outside the exchange. The integration follows ICE’s investment in OKX and its focus on the US market, with BitGo providing settlement services for digital asset trades made on third-party exchanges. However, BitGo has disclosed operational, regulatory, and counterparty risks associated with the service.

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