BitGo wants to reduce the “redundancy of exchanges.”
In partnership with Copper, international institutions will have the choice to access certain spot and derivative exchanges from cold storage. A press release on the announcement names ByBit, OKX, Bitfinex and Bitstamp as a few of the exchanges accessible.
Put simply, BitGo aims to “intentionally” separate “regulated custody from being able to still access liquidity in the market.”
BitGo seeks to marry the “cold storage ability to manage those assets in a way that meets the needs of regulators but also allows those assets to stay connected to the marketplace,” BitGo’s managing director Matt Ballensweig told…
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