Customers can reduce counterparty risk by using the exchange’s ClearLoop technology to trade on the exchange while keeping assets off-exchange in independent custody.
Mario Gomez Lozada, founder and CEO of the exchange, stated:
“Copper’s ClearLoop brings institutional-grade clearing and settlement to PowerTrade in line with TradFi standards. Under this model PowerTrade does not custody our client’s assets, which will result in vastly improved controls when it comes to segregation of assets, settlements and funds management.”
In order to better serve institutional investors, the exchange announced that it would be implementing an RFQ (request for quote) format for the options market. This would be similar to a common practice in conventional finance.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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