Bitget & Copper Join Forces to Offer Off-Exchange Settlement for Institutions
• Crypto exchange Bitget is partnering with custody firm Copper and joining the ClearLoop network.
• The integration will allow institutional clients to hold digital assets within Copper’s infrastructure while at the same time delegating those assets to trade on the exchange.
• Matrixport also recently said it was joining the platform as part of its Prime Brokerage Offerings.
Bitget Partners with Copper and Joins ClearLoop Network
Crypto exchange Bitget has announced a partnership with custody firm Copper, joining their ClearLoop network. This integration will allow institutional clients of both companies to securely hold digital assets within Copper’s infrastructure while simultaneously delegating those assets to trade on the exchange.
Objectives of Partnership
The primary objective of this collaboration is to provide institutional crypto investors with ways to safeguard their assets and optimize trading. By partnering up, Bitget and Copper are looking to boost confidence among institutional crypto users by providing extra security measures for their digital holdings.
Matrixport Joins Platform
In addition, crypto service provider Matrixport recently announced that it had joined the platform as part of its Prime Brokerage Offerings. This move is part of a larger trend in Asian countries building a framework for developing Web3 applications and solutions, which Bitget has responded to by launching a $100 million fund targeting these startups earlier this month.
Off-Exchange Settlement With Copper’s ClearLoop
Through its connection with ClearLoop, Bitget is offering off-exchange settlement options for customers who use its services. Those who opt into this feature can deposit digital assets on Copper’s platform before linking them back up with their accounts on Bitget in order to access additional trading features such as margin trading, futures contracts, staking rewards, spot markets and more.
By integrating with Clearloop through its partnership with Copper, Bitget is taking steps towards becoming one of the most secure exchanges for institutional crypto investors. Not only does it provide enhanced safety measures but also access to additional services such as margin trading, futures contracts and staking rewards that previously weren’t available outside an exchange environment.