Digital asset infrastructure provider and qualified custodian BitGo launched an over-the-counter (OTC) trading desk that includes integrated trading, derivatives, lending and qualified custody. The platform features support for spot and derivatives trading, locked token transacting, lending and yield-generating products, and instant settlement, the company said in a Tuesday (Feb. 18) press release. “Our integrated OTC offering gives clients the ability to execute with a full-service desk across spot, derivatives and lending, all while their assets stay protected in qualified custody until the time of settlement,” Matt Ballensweig, managing director, head of trading at BitGo, said in the release. “We then leverage BitGo’s Go Network to settle assets at the same time — minimizing the hyper-prevalent prefunding risk that underlies our market structure.”

As per a latest report from Bloomberg, Crypto custody firm BitGo Inc. has introduced a global over-the-counter trading desk for digital assets as part of its plan to go public.