Cryptocurrency exchange HTX today announced a collaboration with digital asset custody leader BitGo Singapore, officially accessing its Go Network Off-Exchange Settlement (OES) system. This partnership marks a critical step for HTX in providing users with a safer and more efficient one-stop trading solution.
To meet the growing institutional investment trading demands while balancing trading security and fund flexibility, HTX continues to lead industry technological upgrades, providing users with the lowest-risk and optimal trading experience. After integrating the Go Network system, HTX users can enjoy smooth trading experiences while ensuring assets are always custodied in BitGo Singapore's compliant cold wallets, achieving complete asset isolation management. This mechanism reduces counterparty risk without affecting users' access to HTX's deep liquidity and advanced trading functions.
Justin Sun, global advisor of HTX, stated: "Safety and trust are HTX's bottom line. Accessing BitGo's Go Network means redefining institutional trading standards. This collaboration demonstrates HTX's commitment to protecting user assets and optimizing trading experiences."
Triple Upgrade: Breakthrough in Security, Efficiency, and Compliance
After accessing the Go Network system, user assets will be fully custodied by BitGo Singapore, which has obtained the Major Payment Institution (MPI) license from the Monetary Authority of Singapore. This means user assets are completely isolated from the exchange and counterparties, with a bankruptcy risk isolation mechanism ensuring asset ownership always belongs to the user, reflecting HTX's consistent adherence to strict compliance and user protection principles.
Off-Exchange Settlement Improves Fund Utilization
HTX users' assets remain securely stored with BitGo, requiring only the necessary asset configuration for trading without transferring assets into the exchange. This ensures flexible asset allocation, optimizes trading strategies, enables quick market opportunity responses, while maintaining absolute asset control rights.
Simplified Trading Operations
The collaboration between HTX and BitGo Singapore simplifies operations and reduces risks by separating asset custody and trading functions. Users can enjoy automated trading settlement through BitGo Singapore's compliant custody system. This process reduces manual intervention, ensuring more transparent, compliant, and reliable trading.
Strengthening HTX Vision, Building a Safer and Smarter Trading Ecosystem
This partnership is a crucial move in HTX's security ecosystem strategy, further enhancing user experience, strengthening platform resilience, improving institutional collaboration, and expanding ecosystem development. By integrating cutting-edge custody and settlement technologies, HTX continues to improve operational transparency and industry institutional cooperation.
About HTX
Founded in 2013, HTX has developed over 11 years from a cryptocurrency exchange into a comprehensive blockchain business ecosystem, covering digital asset trading, financial derivatives, research, investment, incubation, and other businesses.
As a global leading Web3 portal, HTX follows a strategy of global expansion, ecosystem prosperity, wealth effect, and safety compliance, providing comprehensive, safe, and reliable value and services for global virtual currency enthusiasts.
About BitGo
BitGo is a global leading digital asset infrastructure service provider, offering custody, wallet, staking, trading, financial, and settlement services. Since its establishment in 2013, it has been dedicated to helping clients explore and participate in the asset field. With a broad global layout through multiple regulated entities, BitGo serves thousands of institutional clients worldwide, including many top industry brands, exchanges, platforms, and millions of global retail investors. As an operational backbone of the digital economy, BitGo processes a significant proportion of Bitcoin network transfers and is the world's largest independent digital asset custody and staking service provider.
