OKX, the world's second-largest cryptocurrency exchange by trading volume, has partnered with regulated digital asset custody provider Komainu to offer institutional clients enhanced security and trading flexibility.
Key Features of the Partnership
- 24/7 Secure Trading: Institutions can now trade segregated assets under custody anytime through OKX's platform
- Reduced Counterparty Risk: Assets remain in secure custody via Komainu Connect rather than being held by trading counterparties
- Immediate Market Access: Combines OKX's liquid markets with Komainu's institutional-grade custody
How Komainu Connect Enhances Institutional Trading
Launched in April 2023, Komainu Connect provides:
- Collateral Management: Removes need to store collateral with trading partners
- Tripartite Mirroring: Ensures accurate asset tracking between custodian and exchange
- Regulatory Compliance: Meets strict institutional custody requirements
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Executive Perspectives
Nicolas Bertrand, CEO at Komainu:
"This partnership combines OKX's exchange leadership with our custody expertise to advance institutional trust in digital assets."
Lennix Lai, Global CCO at OKX:
"Institutions gain custody security without sacrificing trading opportunities โ a critical need we're addressing through this collaboration."
Institutional Benefits
- Security: Assets protected by Komainu's regulated custody framework
- Liquidity: Immediate access to OKX's deep markets and portfolio margin
- Efficiency: Streamlined settlement process between platforms
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About the Companies
Komainu
- Established: 2018
- Clients: Exchanges, asset managers, government agencies
- Assets: Custodies institutional digital assets
OKX
- Ranking: #2 global crypto exchange by volume
- Offering: Spot, derivatives, and Web3 services
FAQ
Q: How does this partnership benefit institutional traders?
A: It provides secure custody with uninterrupted trading access and reduced counterparty exposure.
Q: What types of assets are supported?
A: All digital assets under Komainu's custody framework can be traded on OKX.
Q: Is there a minimum account size requirement?
A: The service is designed for institutional clients; contact both firms for specific requirements.
Q: How does settlement between platforms work?
A: The tripartite mirroring solution ensures real-time synchronization of custody and trading positions.
For institutional clients seeking secure yet flexible digital asset trading, this partnership represents significant infrastructure advancement in the cryptocurrency ecosystem.