Update
Bitget Launches Open Custody Network
Bitget has introduced its Open Custody Network (OCN), allowing users to trade on Bitget while keeping their assets with independent banks or custodians. Traditionally, users must deposit their assets directly with an exchange. OCN connects external custody providers to Bitget’s trading platform through an asset-mirroring system, enabling users to trade assets held by their chosen custodians without moving funds directly to Bitget. The service supports spot, margin, and futures trading and is primarily for institutional investors, professional traders, market makers, and asset managers who want access to Bitget’s trading markets while keeping their assets with independent custodians. Bitget CEO Gracy Chen emphasized that users should not have to keep their funds on an exchange to access Bitget’s trading services, describing the Open Custody Network as a way to give users more control over their funds and trading liquidity without moving their assets from their preferred custodians.