Bitget announced the launch of its Open Custody Network on November 5, saying it is intended to connect external banks and institutional custodians with its trading infrastructure for eligible users. The aim is to let users trade through Bitget while relying on a separate custody provider, but the announcement does not establish that all users are eligible or that every partner offers the same services. Any security benefit depends on the custody and settlement design, including who can move assets and what happens if Bitget or a partner fails.
