BitMart to Offer Institutional Clients Off-Exchange Settlement with Copper’s ClearLoop Tech

The team at Copper is pleased to announce that they will be teaming up with BitMart and joining the ClearLoop network, subject to contracts and the completion of technical integration.

The settlement solution will “offer BitMart’s institutional clients the ability to trade on the BitMart exchange whilst their funds remain in Copper’s custody, thus mitigating counterparty risk exposure, improving capital efficiency and speeding up settlement times.”

As a part of the ClearLoop network, BitMart’s institutional clients will “be able to trade on BitMart while their assets remain safeguarded in Copper’s custody.”

Victor Wei, Vice-President of Institutional Clients at BitMart, said:

“Institutional crypto investors are, above all, seeking out ways to better safeguard their assets and optimize their trading. ClearLoop meets these demands and in so doing is contributing to the maturing of the ecosystem. We look forward to our continued collaboration with the Copper team as we grow our institutional offering.

Dmitry Tokarev, CEO at Copper, said:

“Allowing clients to trade on exchanges direct from Copper custody is an important step in institutionalizing the digital asset markets. We’re thrilled to partner with BitMart, bringing off-exchange settlement to their institutional clients while furthering our shared commitment to asset security, and setting higher standards for the crypto industry.”

As noted in the update, BitMart claims it is ‘the premier global digital asset trading platform.”

With millions of users worldwide and ranked among the top crypto exchanges on CoinGecko, it currently “offers 1,000+ trading pairs with competitive trading fees.”

Constantly evolving and growing, BitMart is “interested in crypto’s potential to drive innovation and promote financial inclusion.”

Founded in 2018, Copper provides “a gateway into the crypto-asset space for institutional investors by offering custody, trading, and settlement solutions across 500 crypto-assets and more than 45 exchanges.”

It is committed to “providing flexible solutions for institutional investors that can adapt to the changing crypto asset space while enabling far greater transparency and control for asset managers.”

Copper’s fully integrated products “are unique in the crypto-asset space.”

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