Bitget has formed a strategic alliance with Cactus Custody, a Matrixport subsidiary. This partnership is set to revolutionize the way institutional clients manage their digital assets by offering Oasis fund custody services alongside off-exchange settlement services. The collaboration is designed to address the growing demand for secure digital asset management solutions, providing a safer and more efficient environment for institutional trading.

The Core of the Partnership

At the heart of this partnership is the shared goal of Bitget and Cactus Custody to enhance the security and efficiency of digital asset management for institutional clients. By integrating Oasis fund custody services with off-exchange settlement services, the collaboration minimizes the risks associated with counterparty exchanges. This strategic move is not just about securing assets but also about optimizing capital efficiency, allowing institutions to manage their digital assets more effectively.The services offered under this partnership are comprehensive, covering various trading types such as spot, leveraged spot (both cross and isolated), and futures. Futures trading includes a range of products like USDT perpetual, coin-margined perpetual, coin-margined delivery, and USDC perpetual. The partnership supports a variety of off-exchange settlement currencies, including USDT, USDC, BTC, ETH, AVAX, and ARB, making it a versatile solution for institutional traders. Trading fee rates and VIP levels are tailored based on user grades on Bitget, offering personalized configurations to meet the unique needs of each client.

Advantages for Bitget Users

Bitget users stand to gain significantly from this partnership. The collaboration with Cactus Custody brings a host of benefits, including enhanced security through third-party Oasis wallet custody, swift transaction processing that bypasses the delays associated with on-chain transfers, and efficient over-the-counter settlement processes. This partnership also improves capital efficiency by enabling the immediate redeployment of profits post-settlement, reducing the need for continuous monitoring of exchange wallets.

Leadership Perspectives

Gracy Chen, Managing Director of Bitget, emphasized the importance of security in the growing digital asset market for institutions. She stated that the partnership with Cactus Custody is a testament to Bitget's commitment to providing the highest standards of security and efficiency in digital asset management. This collaboration aims to solidify Bitget's position as a trusted partner for institutional investors seeking reliable crypto asset management solutions.Wendy Jiang, General Manager of Cactus Custody, highlighted the lessons learned from the high-profile implosions of 2022, stressing the importance of safe and compliant infrastructure for investors. She remarked that the partnership with Bitget is a step towards providing critical infrastructure that supports safe participation in the crypto ecosystem, driving the next wave of institutional adoption.

Regulatory Compliance and Security

Cactus Custody, backed by Matrixport, is a trusted institution holding a Hong Kong Trust Company License. It meets regulatory capital reserve requirements and adheres to strict guidelines for combating money laundering and terrorist financing. By leveraging industry-leading security design principles and infrastructure, Cactus Custody ensures the safety of client assets in both cold and warm storage. Additionally, it offers a rich set of flexible and configurable feature modules to cater to the diverse needs of clients across various scales and business scenarios.

Conclusion

The partnership between Bitget and Cactus Custody marks a significant milestone in the quest for enhanced security and efficiency in institutional digital asset management. By offering a comprehensive suite of services tailored to the needs of institutional clients, this collaboration paves the way for a more secure and efficient trading environment. As digital asset adoption continues to grow among institutions, the importance of secure and efficient management solutions cannot be overstated. This strategic alliance is a step forward in meeting the evolving needs of the market, ensuring that institutional investors have the tools they need to navigate the crypto ecosystem safely and effectively.

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