• Bitget, a crypto trading platform, is partnering with custody firm Copper and joining the ClearLoop network.
• This will allow institutional clients of both companies to delegate digital assets held in Copper’s infrastructure to trade on Bitget.
• The integration with ClearLoop is part of Bitget’s ongoing efforts to boost confidence among institutional crypto users.
Bitget Partners With Copper for Off-Exchange Settlement
Crypto exchange Bitget has announced its partnership with custody firm Copper and joining the ClearLoop network. This will enable institutional clients of both companies to hold digital assets within Copper’s infrastructure while simultaneously delegating those assets to trade on the exchange.
Clearloop Network Enables Simultaneous Trading and Asset Holding
The integration with ClearLoop allows client assets deposited on Copper’s platform to be linked to a Bitget account. This enables simultaneous asset holding and trading as well as providing an additional layer of security for investors’ funds. The partnership between Bitget and Copper exemplifies the company’s ongoing efforts to boost confidence among institutional crypto users.
Matrixport Also Joins Clearloop Network
Bitget is the sixth exchange this year to join Copper’s ClearLoop network; earlier this month, crypto service provider Matrixport also integrated with it. Matrixport said that it was joining the platform in order to offer prime brokerage services for its institutional customers.
Bitget Launches $100 Million Fund Targeting Web3 Startups
Last month, Bitget announced that it had started a $100 million fund targeting Web3 startups as Asian countries build a framework for developing Web3-based applications and services. The company said that this initiative would support innovation in blockchain technology across various industries in Asia, including finance, healthcare, logistics, supply chain management and gaming.
Conclusion: Institutional Crypto Investors Seek Security & Optimization
Institutional crypto investors are primarily looking for ways they can safeguard their funds while also optimizing their trades – partnerships such as the one between Bitget and Copper demonstrate how firms are working together towards achieving these goals.