Bitget Launches Open Custody Network, Allowing Users to Trade Without Holding Assets on Exchange

• Bitget launches OCN, allowing users to trade without moving assets to the exchange.
• OCN lets users trade spot, margin, and futures while keeping assets with independent custodians. 
• CEO Gracy Chen says users should not have to choose between custody and trading.

Bitget has launched its Open Custody Network (OCN), a service that lets eligible users trade on Bitget while keeping their funds with independent banks or trusted third-party custodians.

Traditionally, users must deposit their assets directly with an exchange before they can trade. Now, OCN changes this by separating where funds are stored from where trades are carried out.

How Does It Work?

OCN connects external custody providers to Bitget’s trading platform through an asset-mirroring system. This lets users trade assets held by their chosen custodians without moving funds directly to Bitget. The …

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