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HTX Backs Cold Storage and Automation in BitGo Deal to Attract Institutions
HTX, a global cryptocurrency exchange, has announced a partnership with BitGo Singapore to offer off-exchange settlement through the Go Network. The integration allows HTX clients to trade without transferring assets onto the exchange. Instead, assets remain in custody with BitGo Singapore.The move comes as HTX expands its services for institutional users. In the first half of 2024, HTX Ventures made 23 investments. These included projects in DeFi, infrastructure, Bitcoin, AI, and newer areas such as DePIN and SocialFi. Assets Segregated Under MAS LicenseThe Go Network is designed to reduce counterparty and operational risks. Assets are held in cold storage and remain under the regulatory oversight of the Monetary Authority of Singapore. BitGo Singapore holds a Major Payment Institution license and provides insurance coverage of up to $250 million for custody assets. Client funds are kept in segregated accounts and are not linked to HTX’s balance sheet.Great News!HTX & BitGo @BitGo Join Forces!HTX has formed a strategic partnership with BitGo, a leading digital asset custody provider.Together, we're delivering a safer, more efficient, and diversified trading experience for all users.
HTX, a global cryptocurrency exchange, has announced a partnership with BitGo Singapore to offer off-exchange settlement through the Go Network. The integration allows HTX clients to trade without transferring assets onto the exchange. Instead, assets remain in custody with BitGo Singapore.
The move comes as HTX expands its services for institutional users. In the first half of 2024, HTX Ventures made 23 investments. These included projects in DeFi, infrastructure, Bitcoin, AI, and newer areas such as DePIN and SocialFi.
Assets Segregated Under MAS License
The Go Network is designed to reduce counterparty and operational risks. Assets are held in cold storage and remain under the regulatory oversight of the Monetary Authority of Singapore.
BitGo Singapore holds a Major Payment Institution license and provides insurance coverage of up to $250 million for custody assets. Client funds are kept in segregated accounts and are not linked to HTX’s balance sheet.
Great News!HTX & BitGo @BitGo Join Forces!HTX has formed a strategic partnership with BitGo, a leading digital asset custody provider.Together, we're delivering a safer, more efficient, and diversified trading experience for all users.
