Bitget Reworks Institutional Crypto Business Around External Custody
- —Bitget supports multiple custody models, including external custodians Sygnum and Komainu
- —Off-exchange settlement runs through Copper ClearLoop, Fireblocks Off Exchange, OSL MirrorEX and Bitfire PrimeMirror
- —61% of institutions use more than one custodian to cut risk
- —55% of traditional hedge funds held crypto in 2025, up from 47% a year earlier
Why it matters: Separating custody from trading cuts exchange counterparty risk but shifts it to the custodian and the settlement window.
Source: BeInCrypto ES
More on this
Exchanges · Oct 9Bitget expands institutional custody and off-exchange settlement partners to six
Regulation · Oct 2Atkins Says SEC Will End 'Grey of Uncertainty' Around Crypto as New Custody Proposal Takes Shape
Exchanges · Sep 30TD Cowen: Institutions Shift From Owning Bitcoin to Building Around It