Bitget Announces Partnership with Matrixport’s Cactus Custody to Improve Institutional Crypto Asset Security

Bitget Announces Partnership with Matrixport's Cactus Custody to Improve Institutional Crypto Asset Security

Bitget, a prominent crypto exchange and Web3 company has recently formed a collaboration with Cactus Custody, a subsidiary of Matrixport. This partnership aims to provide Oasis fund custody services and off-exchange settlement services. With a deep understanding of blockchain technology, this collaboration aims to meet the demands of institutional clients by offering a secure solution for managing digital assets. This strategic move is set to make a significant impact by minimising counterparty risks and enhancing capital efficiency management.

With extensive expertise in the field, we strive to provide institutional clients with a wide range of services designed specifically to meet their trading requirements. Our focus is on enhancing security and streamlining the management of digital assets, ensuring utmost efficiency. Not only do we offer Oasis fund custody services and settlement services, but our partnership also provides support for a wide range of trading types, such as spot, leveraged spot (cross/isolated), and futures. Our futures products include USDT perpetual, coin-margined perpetual, coin-margined delivery, and USDC perpetual. They support off-exchange settlement currencies like USDT, USDC, BTC, ETH, AVAX, and ARB. Trading fee rates and VIP levels on Bitget are determined by user grades, allowing for personalized configuration. Custody account fee rates are aligned with regular accounts.

Through the partnership, Bitget users can now enjoy the services and security offered by Cactus Custody. These services provide numerous benefits, such as minimizing fund risks through secure third-party Oasis wallet custody, ensuring swift transactions without delays from on-chain transfers, facilitating efficient over-the-counter settlement processes, enhancing capital efficiency by enabling immediate redeployment of profits after settlement and reducing the need for continuous tracking of exchange wallets.

Gracy Chen, Managing Director of Bitget, expressed: “As digital asset adoption among institutions continues to grow, ensuring the utmost security of these assets becomes paramount. Our partnership with Cactus Custody underscores our commitment to providing institutional clients with the highest standards of security and efficiency in managing their digital assets. Through this collaboration, we aim to further strengthen our position as a trusted partner for institutional investors seeking reliable crypto asset management solutions.”

Wendy Jiang, General Manager, Cactus Custody, shared: “As we enter into the next phase of the bull market, the lessons learnt from the many high-profile implosions of 2022 remain fresh in the minds of many investors and our clients. This partnership with Bitget highlights our commitment to provide critical and neutral infrastructure for our clients to navigate and participate in this eco-system in a safe and compliant manner, driving and democratizing the next wave of institutional adoption.”

With extensive expertise in the field, Cactus Custody, a reputable institution under Matrixport, possesses a Hong Kong Trust Company License. It diligently fulfils regulatory capital reserve requirements and strictly follows guidelines to combat money laundering and terrorist financing. With its robust system security design principles and top-notch infrastructure, Cactus Custody prioritizes the safety of client assets, whether stored in cold or warm storage. In addition, it provides a wide range of adaptable and customizable feature modules to cater to the varying requirements of clients in various scales and business situations.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Most Popular

InstaCoin.News covers Fintech, Blockchain and Bitcoin bringing you the latest news and analyses on the future of money.

Copyright © InstaCoinNews

To Top