Victoria, Seychelles, April 4th, 2024, Chainwire

Bitget, a prominent crypto exchange and Web3 company, has entered into a partnership with Cactus Custody, a Matrixport subsidiary, to provide institutional clients with fund custody and settlement services. This collaboration aims to meet the demands of institutional clients for secure management of digital assets by reducing counterparty risks associated with exchange trading and enhancing capital efficiency management.

The partnership offers a wide range of services to institutional clients, including Oasis fund custody, settlement services, and support for various trading types like spot, leveraged spot, and futures. Futures products cover a variety of perpetual and delivery options, coupled with off-exchange settlement currencies like USDT, USDC, BTC, ETH, AVAX, and ARB. Fee rates for trading and VIP levels are based on user grades on Bitget, with customization options available, while custody account fees align with regular account rates.

Through this partnership, Bitget users can access the services and security provided by Cactus Custody, ensuring minimized fund risks, rapid transactions, efficient settlement processes, enhanced capital efficiency, and reduced need for continuous wallet tracking.

Gracy Chen, Managing Director of Bitget, emphasized the importance of bolstering security and efficiency in managing digital assets for institutional clients, highlighting the commitment to providing top-notch crypto asset management solutions.

Wendy Jiang, General Manager of Cactus Custody, underlined the significance of providing secure infrastructure for clients to navigate the crypto ecosystem safely and compliantly, particularly in light of past market incidents.

Cactus Custody, operating under Matrixport, is a trusted institution with a Hong Kong Trust Company License, complying with capital reserve requirements and anti-money laundering standards. The company ensures asset safety through advanced security design in cold and warm storage environments, offering configurable features to meet clients' varied needs.

About Bitget

Bitget, founded in 2018, serves as a leading cryptocurrency exchange and Web3 company, catering to millions of users globally with innovative features like copy trading. Bitget Wallet, previously BitKeep, provides a range of Web3 solutions alongside wallet functionalities and collaboration initiatives with notable figures.

About Cactus Custody

Cactus Custody, a Hong Kong trust company, offers qualified custodian services for digital assets, securing billions of dollars for leading entities in the industry. With a focus on security and compliance, Cactus Custody supports the growth of mining companies, exchanges, funds, and projects.

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Rachel Cheung
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Disclaimer: This press release is sponsored. It is recommended to conduct thorough research and seek financial advice before engaging in cryptocurrency investments.