BitGo has officially launched a global OTC crypto trading platform offering institutional clients access to spot and derivatives trading. The platform is integrated with BitGo's custody, ensuring security and liquidity.
Launch of Trading Platform
BitGo has officially launched a global OTC crypto trading platform, granting institutional investors access to spot and derivatives trading. Having operated in stealth mode since early 2024, the platform has already processed billions in trading volume and developed a lending book exceeding $150 million. Clients have the ability to trade over 250 digital assets, and the platform is directly integrated with BitGo’s regulated custody services, eliminating the need for prefunding and ensuring asset security until settlement.
24/7 Trading with Secure Custody
The trading platform operates 24/7, allowing institutional clients in major time zones to access its services without interruptions. Clients can trade spot, derivatives, and lending products without moving assets out of secure custody. BitGo's approach focuses on eliminating prefunding risks, a significant challenge in the crypto trading space. The integrated platform enables institutions to trade across various asset classes while keeping them within a qualified custody framework.
Market Expansion and Future Plans
The launch of the OTC trading desk aligns with BitGo’s broader expansion plans. The company currently serves over 2,000 institutional clients across 90 countries. In December 2024, BitGo introduced a retail-focused platform, further extending its reach in the digital asset space.
The launch of BitGo's global OTC trading platform highlights the importance of security and liquidity for institutional investors in the crypto industry. The platform is set to contribute to the growth and development of institutional digital asset trading.
