OKX has added BitGo’s OTC settlement platform for institutional clients in the US. The integration allows companies to trade on OKX while keeping their assets in BitGo’s cold custody.
summary
- OKX has added BitGo’s OES platform to support US institutional trading through third-party custodial controls.
- The setup allows clients to trade on OKX while assets remain locked in BitGo’s cold custody.
- The move follows ICE’s investment in OKX and its renewed push into the US market.
This step is Designed To reduce the need for clients to pre-fund exchange accounts before trading. It also gives institutions a way to hold assets with a third-party custodian while accessing liquidity on OKX.
OKX said the setup supports capital efficiency for professional traders and companies. Under this arrangement, BitGo acts as a custodian and settlement provider for trades executed on the exchange.
The exchange targets institutional growth in the United States
The BitGo integration comes as OKX continues to build its business in the US. Exchange Re-entered US market in April 2025 and appointed former Barclays director Roshan Robert as its US CEO. Institutional investors need asset protection and access to trading, Robert said.
“The entry of institutional capital into cryptocurrencies requires the protection and operation of capital,” he said. “Our custodial infrastructure is widely proven, and our partnership with BitGo gives customers flexibility in how they protect assets while freeing up capital to work harder.”
The comments point to OKX’s efforts to serve companies that want OTC custody options.
ICE’s investment constitutes the US OKX plan
Track OKX’s recent move investment By InterContinental Exchange in early March. The investment valued OKX at $25 billion and gave ICE executives a seat on the cryptocurrency exchange’s board of directors.
OKX Global CEO Star Shaw said at the time that the partnership would help shape the company’s US strategy. He also described the stock exchange’s local presence as a “blank sheet of paper.” Nursery remains a core part of OKX’s business, Shaw said.
“At the same time, we have expanded our custody partnerships with trusted leaders like BitGo to give customers greater flexibility and choice in how they secure their assets,” he said.
Furthermore, BitGo has provided OTC settlement services for several years. The platform supports the settlement of digital asset transactions made on third-party exchanges while the assets remain under BitGo’s custody.
However, BitGo also disclosed the risks associated with the service. In January IPOThe company pointed to operational, regulatory and counterparty risks.
“Operational risks associated with our OES services include potential errors in the processing of trade data, delays or failures in asset transfers, employee or insider misconduct, cybersecurity incidents, technological disruptions and settlement errors,” BitGo said.
