Catenaa, Thursday, July 03, 2025- KuCoin has partnered with BitGo Singapore to launch a new off-exchange custody initiative as part of its $2 billion “Trust Project,” aiming to boost institutional confidence through enhanced security and transparency.
The collaboration enables institutional clients to access KuCoin’s full suite of trading products—including spot, margin, options, and perpetuals—without pre-funding exchange wallets.
Instead, assets will be held securely in BitGo Singapore’s custody platform, which is licensed under the Monetary Authority of Singapore and provides insurance coverage of up to $250 million.
The integration through BitGo’s Go Network allows for automated post-trade settlement and delegated trading access while maintaining user control of funds. KuCoin says this model minimizes counterparty risk and reinforces system-wide resilience at a time when institutional adoption hinges on trust and robust infrastructure.
BitGo’s Go Network has gained momentum as a preferred infrastructure for secure digital asset settlement. Brett Reeves, BitGo’s Go Network head, described the KuCoin integration as “a major step toward efficient, compliant crypto trading.”
Despite the strategic push, KuCoin has faced setbacks. The platform experienced a 77% drop in Bitcoin reserves following the introduction of mandatory Know Your Customer (KYC) requirements in June 2023, falling from 18,300 BTC to 4,100 BTC within a month.
With the Trust Project, KuCoin seeks to restore market trust and reinforce its institutional infrastructure as it navigates ongoing industry shifts.
