Gate.io is now fully integrated with Copper.co’s ClearLoop solution.
This integration will “serve as a mutual benefit to both parties, as institutional clients can utilize Copper.co’s technology to deploy capital on the exchange and trade immediately, while also maintaining independent custody of their funds with Copper.”
Over the past 10 years, Gate.io has “become one of the top and fastest-growing crypto exchanges.”
Its 12 million users worldwide “have access to deep liquidity and unique features, billions of dollars in daily trading volume, around 3,000 spot pairs, and 250 futures pairs, and competitive trading fees.”
Creating a solid foundation of trust between institutional investors and centralized exchanges Dr. Lin Han, Founder, and CEO at Gate.io, commented:
“Joining Copper’s ClearLoop network is part of our broader effort to enhance customer asset safety and provide institutional clients the support they need to succeed in their trading endeavors. Our commitment to promoting our users’ confidence is further echoed by our team, taking the lead in publishing a 100% audited Proof-of-Reserve report, as well as on-chain wallet holdings for public viewing.”
Dmitry Tokarev, CEO at Copper, commented:
“Copper is here to support the drive towards mitigation of counterparty risk and help institutions engage with crypto assets in a way that is secure, faster, and easier. This integration not only highlights the importance Gate.io places on the protection of user assets, but also showcases its commitment to respond quickly to current market concerns. With both CEOs’ commitment to building a solid foundation of trust with institutional clients, we believe the integration of the ClearLoop network will help achieve this, as clients of Gate.io can now unlock higher allocations, diversify counterparty risk and achieve greater capital efficiency.”
As covered recently, Copper.co, the provider of institutional digital asset custody and trading solutions, announced the appointment of Lord (Philip) Hammond of Runnymede, the former Chancellor of the Exchequer, as Chair.