Crypto exchange Bitget partners with Copper for off-exchange trading solution
Bitget, a crypto exchange, has integrated with Copper’s ClearLoop network to provide an off-exchange trading and settlement solution for institutional clients. This integration aims to enhance digital asset security, reduce counterparty risks, and improve capital efficiency. Bitget’s institutional clients can securely store their digital assets in Copper’s MPC wallet while enabling trading and settlement across different ClearLoop-connected exchanges. The use of multi-party computation (MPC) technology improves asset security by splitting wallet keys between parties. The partnership between Bitget and Copper strengthens off-exchange settlement for institutional clients and addresses risks associated with traditional trading models. Bitget recently launched a cryptocurrency loans product and unveiled a $100 million web3 venture fund.
Key Points:
– Bitget has partnered with Copper’s ClearLoop network for off-exchange trading and settlement.
– The integration aims to enhance digital asset security and reduce counterparty risks.
– Institutional clients can securely store their assets in Copper’s MPC wallet.
– Cross-exchange trading strategies are enabled without additional fees.
– The partnership strengthens off-exchange settlement and addresses risks associated with traditional trading models.
Hot Take:
The integration between Bitget and Copper’s ClearLoop network is a significant development for institutional clients in the crypto space. It provides enhanced security, improved capital efficiency, and mitigates risks associated with traditional trading models. This partnership demonstrates the industry’s commitment to setting high standards for asset security and addresses the growing demand for efficient trading solutions. With the launch of additional products and the establishment of a venture fund, Bitget is positioning itself as a key player in the crypto market.
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