Bitget Shifts Institutional Collateral to Sygnum’s Off‑Exchange Custody

Bitget has announced that institutional client collateral will be held in segregated accounts at Swiss bank Sygnum, with the assets mirrored back to the exchange for trading purposes. This move places Bitget as the fourth venue on the Protect custody framework, joining Binance, Deribit and Bybit.

Off‑Exchange Custody Structure

Under the new arrangement, client funds are kept in separate, ring‑fenced accounts at Sygnum, ensuring they are not commingled with the exchange’s own assets. The balances are then reflected on Bitget’s platform, allowing traders to use the collateral for margin and other trading activities while retaining the security of off‑exchange storage.

Position Within the Protect Network

Protect, a custody solution that aims to provide institutional‑grade security, now includes Bitget as its fourth participant. The existing members are Binance, Deribit and Bybit, each of which also utilizes Sygnum’s custodial services.

Implications for Institutional Users

• Enhanced segregation of client assets reduces counterparty risk.
• Mirrored balances enable seamless trading without compromising custody security.
• Alignment with other major venues may increase confidence among institutional participants.