KuCoin Expands Trust Framework with BitGo Integration and Asset Segregation Capabilities
Main Idea
KuCoin partners with BitGo Singapore to implement off-exchange settlement (OES) as part of its $2 billion 'Trust Project,' enhancing transparency and reducing counterparty risk while maintaining trading access.
Key Points
1. KuCoin's partnership with BitGo Singapore introduces off-exchange settlement (OES) to improve transparency and asset security.
2. The initiative is part of KuCoin's $2 billion 'Trust Project,' launched in 2024 to address industry transparency needs.
3. BitGo's Go Network, regulated by MAS, provides asset segregation and post-trade settlement to mitigate counterparty risk.
4. KuCoin is undergoing SOC 2 Type II audits and pursuing regulatory licensing under Europe’s MiCA framework.
5. The move reflects a broader industry shift toward proof-of-reserves and compliance with regulatory standards.
Description
The post KuCoin Expands Trust Framework with BitGo Integration and Asset Segregation Capabilities appeared first on Coinpedia Fintech News Dual-layered trust model aims to meet rising institutional standards in a regulated crypto era In response to evolving regulatory expectations and increasing institutional participation in the cryptocurrency market, KuCoin has introduced a major advancement in its trust and security infrastructure. The global exchange has partnered with BitGo Singapore to imp...
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