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.🔗https://t.co/g3HC6C0SwR pic.twitter.com/xg9OODwAaw
— HTX (@HTX_Global) June 23, 2025
You may find it interesting at FinanceMagnates.com: HTX
Partners with IBEX to Expand Bitcoin Lightning Network in Emerging Markets.
Automated Settlements Simplify Post-Trade Processes
HTX stated that the setup allows clients to allocate capital
to the trading platform while maintaining asset control. This structure is
expected to offer more flexibility and efficiency in fund deployment.
Post-trade operations are also addressed under the
integration. Automated settlement workflows will be managed directly within
BitGo’s custody environment. This is intended to simplify processes and support
compliance requirements.
Institutional Crypto Demand Drives BitGo Expansion
Recently, BitGo
announced the launch of an institutional over-the-counter (OTC) crypto trading
desk. Operating in stealth since early 2024, the desk has processed
billions in volume and built a $150 million lending book.
It offers 24/7 trading of over 250 digital assets, including
spot and derivatives, alongside lending and yield products. The launch responds
to rising institutional crypto demand, according to the firm.
This article was written by Tareq Sikder at www.financemagnates.com.
Source link
