
KuCoin Expands Institutional Services With Cactus Custody Integration
Crypto Economygeneral
TL;DR KuCoin integrated Cactus Custody's infrastructure to offer institutional clients an off-exchange custody and settlement model. The Cactus Oasis system enables trading on exchanges without pre-funding wallets. Orders are settled every four hours under a multi-signature scheme.
📋 Article Summary
KuCoin Expands Crypto Institutional Services With Cactus Custody Integration
KuCoin, one of the leading cryptocurrency exchanges, has taken a major step forward in catering to the growing institutional crypto market. The exchange has integrated Cactus Custody's robust infrastructure, allowing it to offer an innovative off-exchange custody and settlement model to its institutional clients.
The Cactus Oasis system, at the heart of this integration, enables institutional traders to execute orders on KuCoin's platform without the need for pre-funding their wallets. This streamlined approach eliminates the hassle of managing multiple crypto holdings and facilitates more efficient trading. Under the multi-signature settlement scheme, orders are now processed and settled every four hours, providing institutional investors with a secure and transparent trading experience.
This strategic partnership between KuCoin and Cactus Custody is a clear indication of the exchange's commitment to expanding its institutional-grade services. As the cryptocurrency market continues to mature, with increasing adoption by large financial institutions, the demand for such specialized custody and settlement solutions is on the rise.
By integrating Cactus Custody, KuCoin has positioned itself as a premier destination for institutional investors seeking a secure and efficient platform to access the dynamic world of digital assets. This move aligns with the broader trend of cryptocurrency exchanges vying to capture a larger share of the lucrative institutional investment segment, which is expected to drive significant growth in the overall crypto ecosystem.