KuCoin, one of the leading cryptocurrency exchanges, has announced a strategic partnership with BitGo Singapore aimed at improving security and trust in crypto trading.
Partnership between KuCoin and BitGo Singapore
KuCoin, currently boasting 41 million users, has begun collaboration with BitGo Singapore Pte. Ltd., a subsidiary of BitGo, Inc. According to the company, this integration will provide KuCoin users with the ability to trade securely without slippage on the BitGo Singapore platform.
Enhancing Trust and Security
This partnership marks a significant step in the recently launched Trust Project by KuCoin, which aims to create a security fund for institutional clients. Tika Lum, Head of Institutional Business Development at KuCoin, noted that "security and trust are the foundations for institutional adoption."
Benefits for Institutional Clients
Institutional clients of KuCoin will have access to a full range of products, including spot trading, margin trading, and options. The BitGo platform also ensures high security levels, including asset insurance of up to $250 million, automated post-trade settlement, and full asset control.
The partnership between KuCoin and BitGo Singapore is aimed at creating a safer and more reliable environment for institutional traders, thereby increasing trust in the cryptocurrency market.
