Bitget Reiterates Plan to Separate Asset Custody and Trading at OCN

Bitget has reiterated its plan to separate asset custody from trading through its Open Custody Network (OCN), with Chinese-region lead Xie Jiayin framing the model as “assets at banks, trading at Bitget.” The OCN structure links banks and specialized custodians to Bitget’s trading infrastructure so each party can focus on its core function, an arrangement Bitget first outlined on the 5th. Xie argued that traditional bundled custody-and-trading services force users to choose between asset safety and trading efficiency, and that infrastructure should widen the options available. The push matters as exchanges face growing scrutiny over how client assets are held, and it signals Bitget’s intent to position itself as a trading venue plugged into regulated custody rather than a combined custodian-exchange. What to watch next is which banks and custodians formally join the OCN and whether the split model extends beyond Bitget’s Chinese-language market.