Huobi HTX and BitGo Join Forces: Creating a New Paradigm for Institutional Digital Asset Secure Trading
Global cryptocurrency exchange leader Huobi HTX today announced a partnership with digital asset custody leader BitGo Singapore, officially accessing their Go Network Off-Exchange Settlement (OES) system. This collaboration marks a critical step for Huobi HTX in providing users with a safer and more efficient one-stop trading experience.
To meet the growing institutional investment trading demands while balancing trading security and fund flexibility, Huobi HTX continues to lead industry technological upgrades, offering users the lowest-risk and optimal trading service. After integrating the Go Network system, Huobi HTX users can enjoy smooth trading experiences while ensuring assets are always custody in BitGo Singapore's compliant cold wallets, achieving complete asset isolation and control. This mechanism reduces counterparty risk without affecting users' access to Huobi HTX's deep liquidity and advanced trading functions.
Justin Sun, Global Advisor of Huobi HTX, stated: "Security and trust are Huobi HTX's bottom line. Accessing BitGo's Go Network means redefining institutional trading standards. This collaboration demonstrates Huobi HTX's commitment to protecting user assets and optimizing trading experiences."
Triple Upgrade: Breakthrough in Security, Efficiency, and Compliance
After accessing the Go Network system, user assets will be fully managed by BitGo Singapore, which has obtained the Major Payment Institution (MPI) license from the Monetary Authority of Singapore. This means user assets are completely isolated from the exchange and counterparties, with a bankruptcy risk isolation mechanism ensuring asset ownership always belongs to the user, reflecting Huobi HTX's consistent adherence to strict compliance and user protection principles.
Off-Exchange Settlement Improves Fund Utilization
Huobi HTX user assets remain securely stored with BitGo, requiring only the necessary asset configuration for trading without transferring assets into the exchange. This ensures flexible asset allocation, optimizes trading strategies, enables quick market opportunity responses, while maintaining absolute asset control.
Simplified Trading Operations
The collaboration between Huobi HTX and BitGo Singapore simplifies operations and reduces risks by separating asset custody and trading functions. Users can enjoy automated trading settlement through BitGo Singapore's compliant custody system. This process reduces manual intervention, ensuring more transparent, compliant, and reliable transactions.
Strengthening Huobi HTX's Vision to Build a Safer and Smarter Trading Ecosystem
This collaboration is a crucial move in Huobi HTX's security ecosystem strategy, further enhancing user experience, platform resilience, institutional cooperation, and ecosystem expansion. By integrating cutting-edge custody and settlement technologies, Huobi HTX continues to improve operational transparency and industry institutional collaboration.
About Huobi HTX
Founded in 2013, Huobi HTX has evolved over 11 years from a cryptocurrency exchange to a comprehensive blockchain business ecosystem, covering digital asset trading, financial derivatives, research, investment, incubation, and other businesses.
As a global leading Web3 portal, Huobi HTX follows a strategy of global expansion, ecosystem prosperity, wealth effect, and secure compliance, providing comprehensive, safe, and reliable value and services for global virtual currency enthusiasts.
For more information about Huobi HTX, please visit HTX Square or https://www.htx.com/, and follow X, Telegram, and Discord. For further questions, contact glo-media@htx-inc.com
About BitGo
BitGo is a global leading digital asset infrastructure service provider, offering custody, wallet, staking, trading, financial, and settlement services. Since its establishment in 2013, it has been dedicated to helping clients explore and participate in the asset field. With a broad global layout through multiple regulated entities, BitGo serves thousands of institutional clients globally, including many top industry brands, exchanges, and platforms, as well as millions of global retail investors. As an operational backbone of the digital economy, BitGo processes a significant proportion of Bitcoin network transfers and is the world's largest independent digital asset custody and staking service provider.
For more information, visit: http://www.bitgo.com/products/go-network
Media Inquiries: press@bitgo.com
