Bitget Launches Open Custody Network to Separate Institutional Trading From Asset Storage

TL;DR: Bitget announced an Open Custody Network on November 5 intended to connect external banks and institutional custodians with its trading infrastructure. The arrangement aims to reduce the need to keep trading assets directly at an exchange, though the security benefits depend on the exact custody and settlement design.
The largest crypto exchanges have historically offered trading and asset custody within the same service. That is convenient for customers, but it creates a concentration of