OKX announced a partnership with BitGo Bank & Trust, National Association, a subsidiary of BitGo Holdings, Inc., to provide automated off‑exchange settlement infrastructure for institutional investors trading on the OKX platform in the United States.
The integration will allow U.S. institutional clients to keep their assets in BitGo’s OCC‑regulated custody environment while accessing OKX’s liquidity, combining secure custody with a compliant settlement network. BitGo’s Go Network, which supports real‑time settlement, will now extend its reach to OKX’s trading venue, reducing counterparty risk for participants who prefer to keep assets in regulated custody.
For OKX, the deal is a key element of its U.S. expansion strategy. The company re‑entered the U.S. market in April 2025, appointed a U.S. CEO, and recently received a $25 billion valuation investment from Intercontinental Exchange, which now holds a board seat. The partnership positions OKX to capture a growing share of institutional crypto trading by offering a fully regulated, off‑exchange settlement path.
BitGo benefits from the partnership by reinforcing its regulatory moat and opening new revenue streams from settlement fees and custody services. The company’s fourth‑quarter revenue rose 440% year‑over‑year to $6.2 billion, and full‑year revenue increased 424% to $16.2 billion. BitGo’s public listing in 2026 and its $1.35 billion market capitalization underscore its growing scale and market confidence.
"Safeguarding customer assets isn’t just a priority, it’s foundational to everything we build," said Star Xu, OKX founder and CEO. "We’ve invested significantly in developing a high‑standard, in‑house custody infrastructure that has been tested at scale, and we’ve expanded our custody partnerships with trusted leaders like BitGo to give clients greater flexibility and choice in how they secure assets." "We’re seeing a clear shift toward Off‑Exchange Settlement as institutions look to separate custody from trading risk. Our integration with OKX expands liquidity access for our clients while allowing them to keep assets secure in regulated custody," said Mike Belshe, BitGo founder and CEO.
The partnership strengthens both firms’ positions in the U.S. institutional market. OKX gains a compliant settlement channel that lowers counterparty exposure and capital requirements for its clients, while BitGo expands its Go Network reach and taps into OKX’s liquidity. Together, they are creating a more secure, efficient, and scalable ecosystem for institutional crypto trading, aligning with broader industry trends toward regulated custody and off‑exchange settlement.
The collaboration signals a strategic shift toward integrated custody and trading solutions, positioning OKX and BitGo to capture a larger share of the growing institutional digital‑asset market in the United States.
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