OKX and BitGo expand off-exchange settlement to global institutions
- —OKX and BitGo expanded off-exchange settlement to global institutions
- —Assets are held with custodian BitGo rather than on the exchange
- —The model cuts counterparty risk when trading on OKX
Why it matters: Growing institutional off-exchange settlement reduces the risk of keeping funds on exchanges after a string of major hacks.
Source: Investing.com Crypto