HTX, a global cryptocurrency exchange, has announced a partnership with BitGo Singapore to integrate the Go Network solution, promising significant improvements in safety and trading efficiency for its clients.
HTX and BitGo Partnership
The partnership between HTX and BitGo Singapore aims to create a more secure and efficient trading infrastructure for cryptocurrencies. The integration of the Go Network allows HTX clients to trade assets while keeping them safeguarded using BitGo's regulated custody.
Security Enhancements
The Go Network architecture ensures that client funds are kept in cold storage, insured up to $250 million. Assets remain fully under the client's control and are not subject to bankruptcy risks. "At HTX, security and trust are non-negotiable," said Justin Sun, Advisor to HTX.
Capital Efficiency Through Off-Chain Settlement
By keeping assets in BitGo custody, clients can allocate trading capital to HTX as needed, allowing for optimal strategy execution and rapid response to market opportunities without directly moving assets onto the exchange.
The partnership between HTX and BitGo Singapore underscores a commitment to improving user experience and enhancing institutional accessibility within the crypto industry, with a focus on safety and efficiency.
