KuCoin Introduces Trading for Institutions Without Pre-Funding Wallets

KuCoin has introduced a feature allowing institutional clients to trade without pre-funding wallets, aligning with traditional finance (TradFi) practices.

The exchange partnered with BitGo Singapore to utilize its Go Network for off-exchange settlement (OES).

Key points include:

Access to spot, margin, options, and perpetual futures through the Go Network.
Assets remain secure in BitGo's custody, mitigating counterparty and systemic risks.
This model reflects a trend in crypto towards tools familiar to institutional investors.
Similar to Silvergate Bank's now-defunct Exchange Network (SEN), which ceased operations in March 2023.