Bitget to Launch Open Custody Network (OCN), Redefining the Relationship Between Asset Custody and Trading

BlockBeats news, November 5 - According to official Bitget information, the platform has announced the launch of the Open Custody Network (OCN). With the core concept of "Assets in Bank, Tradings on Bitget," it aims to connect banks, custody companies, and other professional financial institutions with Bitget's trading infrastructure. The network integrates core capabilities such as independent asset custody, bank and institutional-grade security guarantees, exchange-integrated trading services, and capital efficiency, breaking the traditional centralized exchange model that concentrates asset custody and trading on the same platform.

Through an asset mapping mechanism, OCN bridges the channel between independent asset custody and trading services, enabling all eligible users to participate in Bitget spot, leverage, and contract trading while retaining independent custody rights over their assets, enjoying exchange-level liquidity and integrated trading services, further lowering the threshold for trading participation, and allowing more users to access financial services in a more equitable manner.

Bitget CEO Gracy Chen stated that OCN aims to break the traditional model where users must custody assets on the exchange to use its trading services, allowing users to choose their own asset custody method while enjoying premium liquidity and efficient capital utilization, making financial services more open and inclusive.