BitGo launches global OTC trading platform

The cryptocurrency custody company BitGo is launching its own comprehensive over-the-counter (OTC) trading division, which will serve clients across all major time zones. This was reported by the company’s press service.

It is known that the platform has been operating in stealth mode since the beginning of 2024. The press release states that "the explosive growth in demand since launch proves the crucial institutional need for customized trading solutions integrated with qualified custody."

The BitGo trading division offers clients lending services, yield products, as well as spot and derivatives trading across 250 assets. The company has also enabled settlement through the Go Network, allowing clients to instantly receive cryptocurrency or cash.

The developers are using the BitGo Go Network to settle assets simultaneously, "minimizing the widespread risk of pre-funding, which underpins our market structure."