Latest news with #BrettReeves
Cision Canada
11 hours ago
- Business
- Cision Canada
KuCoin Joins BitGo Singapore's Go Network for Off-Exchange Settlement, Reinforcing $2 Billion Trust Project
VICTORIA, Seychelles, June 19, 2025 /CNW/ -- KuCoin, a leading global cryptocurrency exchange with over 41 million users, today announced its integration and exchange partnership with BitGo Singapore Pte. Ltd. ("BitGo Singapore"), a subsidiary of BitGo, Inc., through its Go Network for Off-Exchange Settlement (OES) platform. This collaboration marks another significant step in KuCoin's $2 Billion "Trust Project" designed to strengthen platform security and institutional trust. Through this integration, institutional clients on KuCoin can now trade without pre-funding exchange wallets. Assets remain securely held in regulated custody under BitGo Singapore, a licensed Major Payment Institution under the Monetary Authority of Singapore (MAS). This setup offers a mature and proven model of custody and execution separation, diversifying counterparty and systemic risks while enhancing operational security. Institutional clients trading on KuCoin now benefit from a comprehensive suite of features designed to enhance security, compliance, and flexibility in the digital asset space. Clients benefit from qualified custody with insurance coverage up to $250 million, automated post-trade settlement, and full asset control with delegated trading access. KuCoin's full suite of products—spot, margin, options, and perpetual futures—can now be accessed through Go Network, ensuring assets remain protected. Tika Lum, Head of Institutional Business Development at KuCoin, commented: " Security and trust are the foundation for institutional adoption. We are proud to integrate with BitGo Singapore's Go Network. This partnership represents a critical component of our $2 Billion Trust Project and delivers a more resilient trading paradigm to institutional clients globally." Brett Reeves, Head of Go Network at BitGo, added: " Partnering with KuCoin on Go Network through BitGo Singapore marks a major step forward in building a more efficient trading ecosystem. This is how digital asset trading should be—secure, compliant, and built on trust." As off-exchange settlement gains traction across the industry, KuCoin will continue to work with global leaders in compliance and custody to build a more secure and trustworthy digital asset trading environment. About KuCoin Founded in 2017, KuCoin is one of the pioneering and most globally recognized technology platforms supporting digital economies, built on a robust foundation of cutting-edge blockchain infrastructure, liquidity solutions, and exceptional user experience. With a connected user base exceeding 41 million worldwide, KuCoin offers comprehensive digital asset solutions across wallets, trading, wealth management, payments, research, ventures, and AI-powered bots. KuCoin has garnered accolades such as "Best Crypto Apps & Exchanges" by Forbes and has been recognized among the "Top 50 Global Unicorns" by Hurun in 2024. This recognition reflects its commitment to user-centric principles and core values, which include integrity, accountability, collaboration, and a relentless pursuit of excellence. Learn more at: About BitGo BitGo is the leading infrastructure provider of digital asset solutions, delivering custody, wallets, staking, trading, financing, and settlement services from regulated cold storage. Since our founding in 2013, we have focused on enabling our clients to securely navigate the digital asset space. With a large global presence through multiple regulated entities, BitGo serves thousands of institutions, including many of the industry's top brands, exchanges, and platforms, as well as millions of retail investors worldwide. As the operational backbone of the digital economy, BitGo handles a significant portion of Bitcoin network transactions and is the largest independent digital asset custodian, and staking provider, in the Singapore is licensed as a Major Payment Institution by the Monetary Authority of Singapore (MAS). For more information, visit
CNA
25-04-2025
- Business
- CNA
Cantor Equity shares rally as retail investors cheer crypto venture
Shares of blank-check firm Cantor Equity Partners soared 42 per cent on Friday, extending a scorching rally from the previous session as retail investors flocked to the stock. Over 2,200 users on a social media platform for retail investors, added the stock to their watchlist after the company announced a $3.6 billion crypto venture on Wednesday. The venture, Twenty One Capital, aims to be a publicly traded bitcoin-holding company that lets investors gain exposure to the cryptocurrency without directly owning it. Once a niche idea, bitcoin-holding firms have gained traction after the exponential growth of Michael Saylor's Strategy, whose shares have jumped 27-fold since the company pivoted to bitcoin in 2020. "Strategy became a proxy bitcoin play, and many traders are on the lookout for the next one," said Brett Reeves, head of Go Network and European Sales at crypto infrastructure firm BitGo. "The significant investment from SoftBank and Tether adds to the credibility and potential appeal for investors." Twenty One will be launched in partnership with stablecoin issuer Tether, Japan's SoftBank and crypto exchange Bitfinex. CHASING CRYPTO HIGHS Cantor Equity is a special purpose acquisition company (SPAC) backed by Cantor Fitzgerald, an investment banking and brokerage firm chaired by Brandon Lutnick, the son of U.S. Secretary of Commerce Howard Lutnick. SPACs merge with privately-held startups, offering them an alternative route to go public. Twenty One will trade under the symbol "XXI" after its merger with Cantor Equity, whose shares have more than tripled in value since Wednesday. "Traders are clearly scanning for public market proxies to gain crypto exposure," said crypto entrepreneur Trevor Koverko. Though the economic fundamentals are yet to be tested, the sharp reaction was "understandable". With tariff-driven turbulence rattling equities, some investors have also turned to bitcoin to hedge against losses. "A SPAC led by Cantor, and backed by SoftBank, suggests there is further corporate appetite for bitcoin as a hedge," said Kadan Stadelmann, chief technology officer at blockchain firm Komodo Platform.
Yahoo
25-04-2025
- Business
- Yahoo
Cantor Equity shares rally amid retail investor fervor for bitcoin
(Reuters) -Shares of blank-check firm Cantor Equity Partners surged 29% on Friday, extending a scorching rally from their previous session, as retail investors hoping to capitalize on the growing interest in bitcoin flocked to the stock. The stock had the ninth-highest message volumes in the last 24 hours on a social media platform focused on retail investors. The company's market value has nearly tripled since it announced a $3.6 billion crypto venture on Wednesday. The venture, called Twenty One Capital, aims to be a publicly traded bitcoin-holding company. Such companies allow investors to gain exposure to the cryptocurrency without directly owning it. Once a niche idea, bitcoin-holding companies have gained traction after the exponential growth of Michael Saylor's Strategy. Since pivoting to bitcoin in 2020, Strategy's shares have jumped more than 27-fold. "Strategy became a proxy bitcoin play, and many traders are on the lookout for the next one," said Brett Reeves, head of Go Network and European Sales at crypto infrastructure firm BitGo. "The significant investment from SoftBank and Tether adds to the credibility and potential appeal for investors." Twenty One will be launched in partnership with stablecoin issuer Tether, Japanese investment giant SoftBank and crypto exchange Bitfinex. In its presentation, Twenty One emphasized that it is a more "pure play" bitcoin company and could be a "potentially superior vehicle" when compared to Strategy, which still has a small business software unit despite its bitcoin focus. Cantor Equity is backed by Cantor Fitzgerald, an investment banking and brokerage firm chaired by Brandon Lutnick, the son of U.S. Secretary of Commerce Howard Lutnick. Sign in to access your portfolio
Reuters
25-04-2025
- Business
- Reuters
Cantor Equity shares rally amid retail investor fervor for bitcoin
April 25 (Reuters) - Shares of blank-check firm Cantor Equity Partners (CEP.O), opens new tab surged 29% on Friday, extending a scorching rally from their previous session, as retail investors hoping to capitalize on the growing interest in bitcoin flocked to the stock. The stock had the ninth-highest message volumes in the last 24 hours on a social media platform focused on retail investors. The company's market value has nearly tripled since it announced a $3.6 billion crypto venture on Wednesday. The venture, called Twenty One Capital, aims to be a publicly traded bitcoin-holding company. Such companies allow investors to gain exposure to the cryptocurrency without directly owning it. Once a niche idea, bitcoin-holding companies have gained traction after the exponential growth of Michael Saylor's Strategy (MSTR.O), opens new tab. Since pivoting to bitcoin in 2020, Strategy's shares have jumped more than 27-fold. "Strategy became a proxy bitcoin play, and many traders are on the lookout for the next one," said Brett Reeves, head of Go Network and European Sales at crypto infrastructure firm BitGo. "The significant investment from SoftBank and Tether adds to the credibility and potential appeal for investors." Twenty One will be launched in partnership with stablecoin issuer Tether, Japanese investment giant SoftBank (9984.T), opens new tab and crypto exchange Bitfinex. In its presentation, Twenty One emphasized that it is a more "pure play" bitcoin company and could be a "potentially superior vehicle" when compared to Strategy, which still has a small business software unit despite its bitcoin focus. Cantor Equity is backed by Cantor Fitzgerald, an investment banking and brokerage firm chaired by Brandon Lutnick, the son of U.S. Secretary of Commerce Howard Lutnick.
