Key Points:
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
Bitcoin Spot ETF Outflows hit $541M on November 4, the second-highest single-day outflow in history.…
The hype around PropiChain’s token presale is due to its innovative integration of NFTs and…
UK pension fund Cartwright advised the country's first defined benefit pension fund to allocate 3%…
a16z and Coinbase have pledged substantial funds to crypto PAC Fairshake, aiming to support crypto-friendly…
Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) dominate the crypto market, but experts warn that…
Discover the future as the Dogecoin price aims for a $0.7 comeback and discover why…
This website uses cookies.