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Bitget launches Open Custody Network for trading crypto with assets held by external custodians.

05 Nov 2026, 11:50 WIB
Crypto news
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Bullish
Bitget launches Open Custody Network for trading crypto with assets held by external custodians.

Bitget has introduced its Open Custody Network (OCN), enabling eligible users to trade cryptocurrencies on spot, margin, and futures markets while keeping their assets with independent banks and institutional custodians. This network uses asset mirroring to link externally held assets with Bitget's trading infrastructure, allowing institutional traders to manage custody risks without transferring assets to the exchange. The service supports multiple custody providers and settlement models, enhancing capital efficiency and flexibility for market makers and asset managers. This launch follows Bitget's efforts to strengthen security and institutional custody partnerships after a recent security breach.

Bitget's launch of the Open Custody Network is presented here with a snapshot of the broader cryptocurrency market on Pluang. For readers following crypto assets, as of Nov 05, 2026 16:21 WIB, 41 of 50 major cryptocurrencies rose today. Notable movers include ATOM (Cosmos) up 7.39% with a typical hold time of 61 days and a strong buy order activity of 98%, ALGO (Algorand) up 7.02% with a typical hold time of 131 days and 94% buy orders, and CAKE (PancakeSwap) up 5.61% but with 65% sell order activity.

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