• Bitget, a crypto trading platform, is partnering with custody firm Copper to enable off-exchange settlement through Copper’s ClearLoop network.
• This integration will allow institutional clients of both companies to hold digital assets within Copper’s infrastructure while delegating them to trade on the exchange.
• The partnership is an effort from Bitget to boost confidence among institutional crypto users.
Bitget and Copper Partner Up
Crypto exchange Bitget will be partnering with custody firm Copper and joining the ClearLoop network, the company said in a statement Thursday. The integration between Bitget and ClearLoop will allow institutional clients of both companies to hold digital assets within Copper’s infrastructure while at the same time delegating those assets to trade on the exchange.
Benefits for Institutional Crypto Investors
The partnership has been described as an effort from Bitget to boost confidence among institutional crypto users. Gracy Chen, managing director of Bitget, commented that “institutional crypto investors are primarily seeking ways to safeguard their assets and optimize trading.”
Matrixport Also Partners With Copper
Bitget is the sixth exchange this year to join Copper’s ClearLoop network – earlier this month crypto service provider Matrixport also announced it was joining the platform.
$100 Million Fund Targeting Web3 Startups
Bitget stated last month that it had started a $100 million fund targeting Web3 startups as Asian countries build a framework for developing Web3.
Conclusion
The partnership between Bitget and Copper exemplifies ongoing efforts by both companies in order to increase trust among institutional clients in regards to digital asset holding and trading solutions.