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KuCoin Allows Institutional Clients to Trade Without Having to Pre-Fund Wallets
The Seychelles-based exchange it working with crypto custodian BitGo Singapore, using its Go Network for off-exchange settlement.
Updated Jun 19, 2025, 2:08 p.m. Published Jun 19, 2025, 7:35 a.m.
What to know:
- KuCoin is now allowing institutional clients to trade without having to pre-fund wallets.
- Institutional clients' assets remain in BitGo Singapore's storage, following the model of separating custody and execution to mitigate counterparty and systemic risk.
- KuCoin is attempting to offering institutional clients a trading experience that they would recognize TradFi world.
Crypto exchange KuCoin is now allowing institutional clients to trade without having to pre-fund wallets, recreating a trading experience that they would recognize from the traditional finance (TradFi) world.
The Seychelles-based exchange teamed up with BitGo Singapore and will use the crypto custodian's Go Network for off-exchange settlement (OES), KuCoin said.
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"KuCoin’s full suite of products — spot, margin, options, and perpetual futures — can now be accessed through Go Network, ensuring assets remain protected," the exchange said in Thursday's announcement.
As crypto companies seek to cash in on increasing crypto institutional adoption, they're faced with having to introduce tools that a familiar in TradFi. In this case, institutional clients' assets remain in BitGo Singapore's storage, following the model of separating custody and execution to mitigate counterparty and systemic risk.
For some, what KuCoin aims to offer has an echo of the now defunct Silvergate Bank's Exchange Network (SEN) platform, which helped institutions move funds to exchanges. The bank discontinued the service in March 2023 shortly before it entered liquidation during the crypto winter that had built throughout 2022 and came to a head with the collapse of FTX the previous November.
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French Banking Giant BPCE to Roll Out Crypto Trading for 2M Retail Clients
The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq.
What to know:
- French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
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- The move follows similar initiatives by other European banks, such as BBVA, Santander, and Raiffeisen Bank, which have already started offering crypto trading services to their customers.
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