Bitget's institutional clients can now hold trading collateral at Sygnum, the Swiss digital-asset bank, instead of on the exchange's balance sheet, the two companies said Thursday. The arrangement moves counterparty risk off the exchange. Collateral sits in segregated, bankruptcy-remote accounts... Read the full story at The Defiant
Bitget Moves Institutional Collateral To Sygnum's Off-Exchange Custody
Client collateral sits in segregated accounts at the Swiss bank and is mirrored back to the exchange for trading. Bitget is the fourth venue on Protect, after Binance, Deribit and Bybit.
