Bitget inks an exclusive deal with Cactus Custody

Bitget strikes an exclusive deal with Cactus Custody, an affiliate of Matrixport, to provide Oasis fund custody and off-exchange settlement solutions. The association will help in lessening counterparty risks linked with exchange trading.

It also offers a suitable instrument for effective capital control, satisfying institutional customers’ requirements and ensuring the safe controlling of digital assets. Incidentally, Bitget is a top crypto exchange and Web3 business.

The association will provide a strong array of solutions custom-made to the trading requirements of institutional customers. This will help reinforce matters related to safety and effectiveness regarding controlling digital assets. Both entities will be backing multiple trading sorts, such as spot, utilized spot, and futures.

Future items come with USDT perpetual, coin-margined perpetual, coin-margined delivery, and USDC perpetual. They back off-exchange settlement currencies like USDT, USDC, ETH, AVAX, and ARB. Fee rates for trading and VIP levels depend on user grades on Bitget and are suitable for personalized configuration. On the other hand, the fee rates for custody accounts are in sync with normal accounts.

Through the association, Bitget users will gain from the solutions and safety aspects offered by Cactus Custody. These solutions have major benefits, such as lessened fund threats via safe intermediary Oasis wallet custody, quick transactions, and improved capital effectiveness. This is achieved by repositioning profits following settlement and reducing the requirement for constant tracking of exchange wallets.

According to the managing director of Bitget, Gracy Chen, with the increasing acceptance of digital assets regarding institutions, the requirement is to ascertain the safety factors related to the assets. Through the association with Cactus Custody, this will now be made possible.

In the words of the General manager of Cactus Custody, Wendy Jiang, the association with Bitget will be in tandem with their pledge to offer the required framework to their customers for taking an active part in the ecosystem.

Cactus Custody is an affiliate of Matrixport and comes with a certification from a Hong Kong Trust Company. It lives up to the regulatory capital reserve needs and complies with all rules about preventing money laundering and funding to terrorists.

Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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