KuCoin Taps BitGo in $2B ‘Trust Project’ to Shield Clients With Off-Exchange Custody

Global crypto exchange KuCoin has partnered with BitGo Singapore—a licensed Major Payment Institution under the Monetary Authority of Singapore—via its Go Network for Off-Exchange Settlement (OES).

Another milestone in our $2B Trust Project.

KuCoin joins @BitGo Singapore’s Go Network for Off-Exchange Settlement — enabling institutional clients to:

$250M insured custody (MAS-licensed)
Automated post-trade settlement
Full asset control with delegated trading
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The move is part of KuCoin’s $2 billion “Trust Project,” which seeks to improve institutional confidence by reinforcing platform security and operational transparency.

KuCoin said that through this integration, institutional clients can now trade on KuCoin without the need to pre-fund exchange wallets. Instead, assets remain securely held under BitGo Singapore’s regulated custody, introducing a separation of custody and execution that reduces counterparty risk and bolsters systemic resilience.

The firm said that this collaboration will give institutional clients access to KuCoin’s trading products—including spot, margin, options, and perpetual futures—through the Go Network.

Clients will have access to custody with insurance coverage up to $250 million, automated post-trade settlement, and delegated trading access without compromising asset control.

“Security and trust are the foundation for institutional adoption. We are proud to integrate with BitGo Singapore’s Go Network. This partnership represents a critical component of our $2 billion Trust Project and delivers a more resilient trading paradigm to institutional clients globally,” said Tika Lum, Head of Institutional Business Development at KuCoin.

Off-exchange settlement is gaining traction across the industry as exchanges and institutional participants prioritize counterparty risk management. BitGo’s Go Network represents a mature infrastructure standard, already trusted by leading firms for secure digital asset trading.

“Partnering with KuCoin on Go Network through BitGo Singapore marks a major step forward in building a more efficient trading ecosystem. This is how digital asset trading should be—secure, compliant, and built on trust,” said Brett Reeves, Head of Go Network at BitGo.

With the $2 billion Trust Project as its foundation, KuCoin is reinforcing its commitment to developing trusted digital asset infrastructure.

KuCoin saw a dramatic drop in its Bitcoin reserves since mid-2023, when it announced a mandatory Know Your Customer (KYC) requirement. Since that period, the exchange has seen a 77% decline in its Bitcoin reserves.

According to data compiled by Onchain School, KuCoin’s BTC reserves dropped from 18,300 BTC to just 4,100 BTC between June 5 and June 28, 2023.

The outflow totaling over 14,000 BTC correlates closely with the timeline of KuCoin’s announcement to tighten its KYC procedures.

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