New updates have been reported about KuCoin (PC:KUCOI)
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KuCoin, a prominent global cryptocurrency platform, has announced a strategic partnership with Cactus Custody, the digital asset custodian arm of Matrixport. This collaboration integrates Cactus Oasis, an Off-Exchange Settlement framework, into KuCoin Institutional, enhancing security and trading efficiency for institutional clients. With this integration, clients can execute trades on KuCoin without needing to pre-fund exchange wallets, as their assets remain securely held in Cactus Custody’s regulated environment. This setup ensures assets are protected by advanced security measures, including multi-signature wallets and cold storage, while providing access to KuCoin’s extensive liquidity across various markets.
This partnership aligns with KuCoin’s ongoing $2 Billion Trust Project, which aims to expand secure investment options for institutional clients. Tika Lum, Head of Global Business Development at KuCoin Institutional, emphasized that this collaboration marks a significant step in creating a safer digital asset ecosystem for institutions. By offering seamless access to deep liquidity and enhanced trading opportunities, KuCoin Institutional and Cactus Custody are driving the next phase of institutional participation in the digital economy. This initiative not only strengthens client trust but also bridges the gap between traditional finance and the emerging Web3 economy, reinforcing KuCoin’s commitment to a multi-partner ecosystem that caters to diverse risk and operational requirements.