Huobi HTX partners with BitGo to create a new paradigm for institutional-level digital asset secure trading

Huobi HTX announced today a partnership with BitGo Singapore, a leading digital asset custodian, to officially integrate its Go Network Off-Exchange Settlement (OES) system. This collaboration marks a key step for Huobi HTX in providing users with a safer and more efficient one-stop trading experience.

To meet the growing demand for institutional trading while balancing transaction security and capital flexibility, Huobi HTX continues to lead industry technology upgrades, offering users the least risk and the best trading experience. With the integration of the Go Network system, Huobi HTX users can enjoy a seamless trading experience while ensuring that their assets are always held in BitGo Singapore's compliant cold wallets, achieving complete isolation and control of their assets. This mechanism reduces counterparty risk without affecting users' access to Huobi HTX's deep liquidity and advanced trading features.

Huobi HTX global advisor Sun Yuchen stated, "Security and trust are the bottom line for Huobi HTX. Integrating with BitGo's Go Network means redefining institutional trading standards. This partnership demonstrates Huobi HTX's commitment to protecting user assets and optimizing the trading experience."

Triple Upgrade: Breakthroughs in Security, Efficiency, and Compliance

After integrating with the Go Network system, user assets at Huobi HTX will be fully held by BitGo Singapore, which has obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore. This means that users' assets are completely isolated from the exchange and counterparties, with a bankruptcy risk isolation mechanism ensuring that asset ownership always belongs to the users, reflecting Huobi HTX's adherence to strict compliance and user protection principles.

Off-Exchange Settlement Enhances Capital Utilization

User assets at Huobi HTX are securely stored with BitGo, and during trading, users only need to allocate the required assets to Huobi HTX without transferring assets to the exchange. This ensures flexibility in asset allocation, optimizes trading strategies, and allows for quick responses to market opportunities while maintaining absolute control over their assets.

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 benefit from the automated trading settlement of BitGo Singapore's compliant custody system. This process reduces manual intervention, ensuring that the entire trading process is more transparent, compliant, and reliable.

Strengthening Huobi HTX's Vision to Create a Safer and Smarter Trading Ecosystem

This partnership is a significant move in Huobi HTX's security ecosystem strategy, further enhancing user experience, strengthening platform resilience, improving institutional collaboration, and expanding ecosystem development. By integrating cutting-edge custody and settlement technologies, Huobi HTX is continuously enhancing operational transparency and the progress of industry institutional collaboration.

About Huobi HTX

Founded in 2013, Huobi HTX has evolved over 11 years from a cryptocurrency exchange into a comprehensive blockchain business ecosystem, covering digital asset trading, financial derivatives, research, investment, incubation, and other services.

As a leading global Web3 portal, Huobi HTX adheres to a development strategy of global expansion, ecological prosperity, wealth effect, and security compliance, providing comprehensive, safe, and reliable value and services for virtual currency enthusiasts worldwide.

About BitGo

BitGo is a leading global provider of digital asset infrastructure services, offering custody, wallets, staking, trading, finance, and settlement services. Since its establishment in 2013, it has been dedicated to helping clients explore and participate in the asset space. With a broad global presence established through multiple regulated entities, BitGo serves thousands of institutional clients worldwide, including many top brands, exchanges, and platforms, as well as millions of retail investors. As a pillar of the digital economy, BitGo processes a significant proportion of transfer transactions on the Bitcoin network and is also the largest independent digital asset custodian and staking service provider globally.