Rho X Becomes First On-Chain Venue on BitGo’s Go Network, Unlocking Institutional-Grade Custody for Cryptonative Rates Trading
March 18, 2026 — Rho Labs, developer of Rho X, the pioneering cryptonative interest rates market, today announces the integration of Rho X into BitGo Bank and Trust, National Association’s (“BitGo”) Go Network Off-Exchange Settlement (OES) platform. This milestone makes Rho X the first dedicated rates trading venue in crypto to offer institutional-grade OES through BitGo’s regulated infrastructure—and moreover, the first on-chain, non-custodial venue to be integrated into an OES platform.
As the most comprehensive venue for cryptonative rates trading, Rho X delivers futures on perpetual funding rates across major centralized and decentralized exchanges, alongside Ethereum staking rates and stablecoin yields—all unified in one platform. Traders can manage extreme funding rate volatility, lock in yields, or speculate on rate movements, without directional crypto price exposure—achieving high capital efficiency and portfolio stability. Since Rho Labs launched the world’s first cryptonative rates trading market in 2024, the platform has seen rapid adoption, with cumulative trading volume surpassing $50 billion and monthly volumes consistently exceeding $4 billion.
The integration with BitGo’s Go Network enhances these capabilities, enabling traders to participate in Rho X’s specialized markets while their assets remain fully protected and never leave BitGo’s qualified, segregated, bankruptcy-remote cold custody—supplemented by a $250M insurance policy for assets in qualified custody maintained by BitGo. This bridges Rho X’s decentralized innovation and maximum capital efficiency with the counterparty risk mitigation, full client control, comprehensive audit trails, and regulatory-grade operational maturity institutions demand from traditional finance.
Rho X traders can now take full advantage of institutional-grade off-exchange settlement: profits and losses settle automatically via secure off-chain ledger movements on a typical 24-hour cycle, with trading capital staying protected in BitGo’s segregated cold storage throughout—delivering the best of both worlds: Rho X’s powerful rates tools and liquidity combined with BitGo’s robust custody protections and significantly reduced counterparty risk.
“Off-Exchange Settlement is standard in traditional finance, enabling institutions to trade while keeping assets in secure, regulated custody, and reducing counterparty risk. In crypto, that same model has been largely out of reach - most venues still require moving funds onto the trading platform to execute. With Rho X integrated into our Go Network, we’re closing that gap, extending BitGo’s institutional-grade security and compliance to decentralized trading for the first time,” commented Brett Reeves, Head of Go Network at BitGo.
"Institutions continue to look for robust tools to address cryptonative risks like funding rate fluctuations and yield variability," said Alex Ryvkin, Founder and CEO of Rho Labs. "By pioneering on-chain funding rate markets with Off-Exchange Settlement, Rho X now offers cutting-edge cryptonative rates trading with the security, regulatory alignment, and operational maturity institutions expect."
About Rho Labs
Rho Labs is the developer of the original Rho Protocol, the world's first cryptonative rates trading market, launched in 2024. In 2025, the company introduced Rho X, a hybrid interest rates DEX which offers professional-grade trading infrastructure and Off-Exchange Settlement via the BitGo Go Network. Rho X supports trading across key markets, including BTC and ETH funding rates, Ethereum staking rates, and stablecoin yields. Rho Labs is shaping the future of on-chain trading.
For more information, visit https://rho.trading
About BitGo
BitGo (NYSE: BTGO) is the digital asset infrastructure company delivering custody, wallets, staking, trading, financing, stablecoins, and settlement services from regulated cold storage. Since 2013, BitGo has focused on accelerating the transition of the financial system to a digital asset economy. BitGo maintains a global presence and multiple regulated entities, including BitGo Bank & Trust, National Association, the first federally chartered digital asset trust bank owned by a publicly traded company. Today, BitGo serves thousands of institutions, including many of the industry's top brands, financial institutions, exchanges, and platforms, and millions of investors worldwide. For more information, visit www.bitgo.com.
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