Bitget Launches Open Custody Network to Separate Institutional Trading From Asset Storage

Brief

By Dextape Desk · November 9, 2026

Bitget has unveiled an Open Custody Network, known as OCN, which it says links external banks and institutional-grade custodians with its trading infrastructure. The company announced the network on November 5 and described it as available to eligible users. Its stated aim is to let customers trade on the exchange while a separate custody provider holds their assets. The article notes that large exchanges have traditionally combined trading and storage, which concentrates risk if a platform fails. It also cautions that separate custody is no complete guarantee, since settlement duties, pre-approved transfers, credit lines or shared providers can still create exposure. The release does not confirm identical partner services, universal eligibility or eliminated risk. Prospective clients should check participating custodians, jurisdictions, settlement methods and asset recovery terms.

Why it matters: It reflects a push by exchanges to separate trading from asset storage, a question the article links to recent security incidents across the sector.

Summary by Dextape, based on reporting by NewsBTC. Machine-written from NewsBTC’s report and checked against it · How Dextape writes