Copper, a digital asset custody, collateral management and prime services provider, and BitGo Trust Company, Inc., an infrastructure provider of digital asset solutions, are pleased to launch their trading and settlement solution with its first live client.
Through this partnership clients are able to trade derivatives on Deribit, a derivatives exchange, while their assets are “secured off-exchange in regulated custody with BitGo Trust and settled through Copper’s ClearLoop infrastructure.”
The offering, which has onboarded its first client and includes automated settlement via Go Network and ClearLoop, marks “a step forward for the industry and establishes a new standard for trading.”
This multi-custodial settlement model addresses a challenge that investors have historically had to face—accessing “deep liquidity without compromising on security or operational efficiency.”
BitGo and Copper have bridged this gap with a solution that “integrates liquidity, qualified custody and automated settlement for clients.”
The offering marks a step forward for the industry and “establishes a new standard for trading.”
Investors benefit from capital efficiency as they can hold assets with BitGo Trust and “trade with other partner venues on Go Network freely without having to prefund their strategies.”
With the latest addition of Deribit via Copper ClearLoop, investors will be able to implement trading strategies “by leveraging Deribit’s robust platform for trading options and futures.”
Ben Lorente, Strategic Alliances Director at Copper commented:
“This partnership with BitGo expands our multi-custodial network within our off-exchange settlement network ClearLoop and is a significant step towards our commitment to industry interoperability of secure, reliable, and comprehensive solutions for institutional investors. This continues to ensure long-term institutional adoption of the digital asset ecosystem.”
Brett Reeves, Head of Go Network, remarked:
“Our partnership with Copper represents a fundamental shift in how investors can access exchanges. Holding assets in Qualified Custody and settling through ClearLoop’s tried and tested settlement process delivers what the market has been asking for—a seamless and secure way to trade. This is a testament to how committed BitGo is to setting a new standard for trading that delivers security and efficiency without compromise.”
Luuk Strijers, CEO of Deribit adds:
“This collaboration marks a significant step forward for the market and investors alike and we’re excited to be at the forefront of it with BitGo and Copper. The synergies between our companies will unlock new opportunities for investors and will completely change the landscape of trading.”
Since being founded in 2018, Copper has been “building the standard for institutional digital asset infrastructure with a focus on custody and collateral management.”
Underpinned by technology, Copper has built a “suite of products and services required to safely custody and trade digital assets.”
At the core of Copper’s infrastructure is ClearLoop, which enables clients to manage collateral and “settle trades in near real-time across multiple exchanges while mitigating counterparty risk and increasing capital efficiency.”
As noted in the update ,BitGo is dedicated to advancing “a digital financial services economy that is borderless and accessible 24/7.”
With regulated entities around the world, BitGo is the digital asset custodian and the security and operational backbone for “institutional clients in 90 countries, including many of the world’s top brands, cryptocurrency exchanges, and platforms.”