News

Matrixport And Copper Join Forces To Streamline Prime Brokerage Services

Key Points:

  • Crypto service provider Matrixport and crypto custodian Copper team up to enhance client access to prime brokerage offerings.
  • Matrixport will integrate with Copper’s ClearLoop network to offer clients off-exchange settlement.
  • Copper’s ClearLoop network allows investors to securely hold assets until just before a trade is executed by connecting multiple exchanges in one trading loop.
Crypto firm Matrixport has announced a partnership with Copper, a custodian service provider, to improve the range of prime brokerage offerings available to its clients.

According to the press release, the collaboration will enable Matrixport to integrate with Copper’s ClearLoop platform, providing institutional investors with off-exchange settlement opportunities. Using Copper’s network, users can hold onto their assets until just before a trade is executed and conduct trades through Matrixport sub-accounts connected to ClearLoop-connected exchanges. This process not only ensures clients are protected from counterparty risks but also promotes capital efficiency.

Dmitry Tokarev, the CEO of Copper, said that “This partnership demonstrates our shared commitment to building a more secure, transparent, and accessible financial market infrastructure in the digital asset industry.” Furthermore, Copper has implemented a dedicated account structure for ClearLoop to address potential insolvency risks, adding an extra layer of security to the partnership.

Matrixport recently closed a Series C funding round valued at $1 billion, raising $100 million in August 2021. This partnership with Copper reinforces Matrixport’s commitment to offering its clients the best possible service, with access to cutting-edge prime brokerage offerings that will help them achieve their financial goals.

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.

Join us to keep track of news: https://linktr.ee/coincu

Annie

Coincu News

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

Recent Posts

Bitcoin Spot ETF Outflows Reach Second Highest in History

Bitcoin Spot ETF Outflows hit $541M on November 4, the second-highest single-day outflow in history.…

3 hours ago

PropiChain’s Token Presale Turns Heads as the First DeFi Platform to Merge NFTs with AI 

The hype around PropiChain’s token presale is due to its innovative integration of NFTs and…

6 hours ago

UK Pension Fund Cartwright Encourages 3% Allocation to Bitcoin Investment

UK pension fund Cartwright advised the country's first defined benefit pension fund to allocate 3%…

8 hours ago

Crypto PAC Fairshake Continues to Boost 2026 Election With Support from a16z

a16z and Coinbase have pledged substantial funds to crypto PAC Fairshake, aiming to support crypto-friendly…

9 hours ago

Bitcoin, Ethereum, And Solana Lead Crypto Market, But Not For Long With New AI Altcoin With 30,000% Potential, Expert Says

Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) dominate the crypto market, but experts warn that…

12 hours ago

Dogecoin Price Prediction: Will DOGE Ever Hit $0.7 Again? Why ETFSwap (ETFS) Is The Best Alternative For 100x Gains

Discover the future as the Dogecoin price aims for a $0.7 comeback and discover why…

15 hours ago

This website uses cookies.