Bitget Adds Sygnum Custody Option for Institutional Collateral
Bitget institutional clients can now keep trading collateral with Swiss digital-asset bank Sygnum rather than on the exchange’s balance sheet.
Crypto exchange Bitget has introduced an off-exchange custody option for institutional trading collateral through Sygnum, a Swiss digital-asset bank. The companies announced the arrangement Thursday.
Under the setup, institutions can place collateral in segregated accounts at Sygnum instead of holding it on Bitget’s balance sheet.
The accounts are structured to be bankruptcy-remote, separating the collateral from the exchange’s insolvency risk. The arrangement changes where institutions hold assets backing their trading activity.
Source: The Defiant
