Settlements Overview


Settlements on the Go Network enable you to settle multi-asset trades between Go Accounts, off chain. Assets never leave BitGo cold storage, minimizing counterparty risk, and because settlements are off chain, they're quicker and less expensive than on-chain transactions.

Note: Ticker symbols of assets in Go Accounts use a different naming convention than the ticker symbols used in on-chain wallets. Assets in Go Accounts prepend ofc to the ticker symbol, indicating that the asset is off chain. For example, testnet bitcoin within a Go Account is ofctbc, whereas in other on-chain wallet types it's tbtc.



The settlement flow depends on who initiates the settlement:

See Also

Address Book