Bitget Integrates with Copper's ClearLoop to Offer Institutional Clients Innovative Off-Exchange Settlement
We are glad to announce the successful integration with Copper's ClearLoop network. The integration brings an innovative off-exchange settlement solution to Bitget's institutional clients, elevating asset security, mitigating counterparty risks, and enhancing capital efficiency.
With the integration of Copper's ClearLoop network, institutional clients can now securely store their digital assets in Copper's MPC (multi-party computation) wallet while enjoying rapid settlement when trading on Bitget. This revolutionary solution ensures clients can trade and settle across exchanges, improving the overall efficiency of their trading activities while mitigating risks associated with traditiona l trading models.
On the ClearLoop network, institutional clients’ capital efficiency can be further optimized by being delegated and traded across different ClearLoop-connected exchanges, allowing for the implementation of cross-exchange trading strategies without transfer and withdrawal fees. To address insolvency risk, the assets are held in a dedicated ClearLoop omnibus account subject to an English law-governed trust that gives protection from insolvency for any ClearLoop participant.
Bitget's custody account offers spot trading, margin trading, futures trading, spot copy trading, futures copy trading, spot grids, and futures grids to meet user needs as much as possible. However, services like on-chain crypto deposits and withdrawals, internal transfers, and fiat currency deposits and withdrawals are restricted.
Bitget is committed to consistently enhancing its offerings to establish a dynamic and adaptable trading platform suitable for a variety of user groups, promoting wider adoption of cryptocurrency and enabling smarter ways to trade. Moreover, the exchange has also worked to reinforce trust in the crypto market known for its high volatility with the introduction of a protection fund for 300 million of its users as well as regular monthly updates on its proof of reserves (PoR).
For more information about Bitget's institutional offering and the Copper ClearLoop integration, please contact [email protected].
Since being founded in 2018, Copper has been setting the standard for institutional digital assets by offering custody and collateral management of digital assets. Underpinned by multi-award-winning technology, Copper has built the comprehensive and secure products and services required to safely custody and trade cryptocurrencies and other digital assets such as tokens and stablecoins. At the core of Copper’s infrastructure is ClearLoop, which enables clients to trade and settle in near real-time across multiple exchanges, while mitigating counterparty risk and increasing capital efficiency. Copper is SOC2 Type 2 certified and licensed in Switzerland.