BitGo Prime Adds OTC Access to Prediction Markets via Susquehanna Crypto
According to BitGo, the partnership with Susquehanna Crypto gives eligible institutional investors OTC access to event contracts while using assets held with BitGo as collateral.
Fact Check
The statement is directly confirmed by BitGo's official website and a formal press release. The partnership allows institutional investors to trade event-linked derivatives (prediction markets) via BitGo's OTC desk, utilizing Susquehanna Crypto's liquidity and BitGo's custody/collateral infrastructure.
Summary
BitGo announced on the 24th that it is partnering with Susquehanna Crypto to provide eligible institutional investors with access to prediction market liquidity. Through BitGo Prime, clients will be able to trade OTC event contracts and use assets held on BitGo as collateral instead of moving or selling those holdings. The update expands BitGo Prime’s trading capabilities for institutional users seeking access to prediction market products.
Terms & Concepts
- OTC access: Over-the-counter trading access allows counterparties to trade directly rather than through a public exchange, often for customized or institution-focused transactions.
- Prediction market liquidity: The available depth and ability to buy or sell contracts tied to event outcomes without causing large price movements.
- Collateral: Assets pledged to support a trade or financial obligation, allowing investors to keep holdings in place while entering positions.