Business Wire
-
Clients can now trade spot and derivatives on Deribit while assets are secured off-exchange in qualified custody with BitGo Trust Company, Inc., and automatically settled leveraging Copper ClearLoop’s and BitGo Go Network’s infrastructure.
-
This partnership offers a more secure trading and multi-custodial settlement model for the industry, establishing a new standard for trading.
-
Clients immediately benefit from reduced risk, capital efficiency, and streamlined operations through this strategic partnership.
BitGo Trust Company, Inc., a leading infrastructure provider of digital asset solutions, and Copper, a leader in digital asset custody, collateral management and prime services, announced the launch of their first-of-its-kind trading and settlement solution. This solution enables clients to trade on Deribit, a leading derivatives exchange, while their assets are secured off-exchange in qualified custody with BitGo Trust, with trades automatically settled via Copper’s ClearLoop and BitGo’s Go Network infrastructure.
The multi-custodial settlement model created by BitGo and Copper addresses a critical challenge that investors have historically had to face: accessing deep liquidity without compromising on security or operational agility. BitGo and Copper have successfully bridged this gap with a solution that seamlessly integrates liquidity, qualified custody, and automated settlement for clients. The comprehensive offering marks a significant step forward for the industry and establishes a new standard for trading.
Catch more Fintech Insights : Global FinTech Interview with Steve Cover, CTO, iPipeline
Investors also benefit from increased capital efficiency as they can hold assets with BitGo Trust and trade with partner venues on Go Network freely without having to prefund their strategies. With the latest addition of Deribit via Copper ClearLoop to Go Network, investors will seamlessly be able to implement sophisticated trading strategies by leveraging Deribit’s robust platform for trading options and futures.
“Our partnership with Copper represents a fundamental shift in how investors can access exchanges. Holding assets in qualified custody and settling through ClearLoop’s tried and tested settlement process delivers what the market has been asking for—a seamless and secure way to trade. This is a testament to how committed BitGo is to setting a new standard for trading that delivers security and efficiency without compromise,” said Brett Reeves, Head of Go Network.
Ben Lorente, Strategic Alliances Director at Copper commented, “This partnership with BitGo expands our multi-custodial network within our off-exchange settlement network ClearLoop and is a significant step towards our commitment to industry interoperability of secure, reliable, and comprehensive solutions for institutional investors. This continues to ensure long-term institutional adoption of the digital asset ecosystem.”
Luuk Strijers, CEO of Deribit adds, “This collaboration marks a significant step forward for the market and investors alike and we’re excited to be at the forefront of it with BitGo and Copper. The synergies between our companies will unlock new opportunities for investors and will completely change the landscape of trading.”
Connect with us to learn more about how BitGo and Copper’s partnership can enhance your trading strategies and operations.
Read More on Fintech : Global Fintech Series Interview with Tate Hackert, President and Co-founder of ZayZoon
[To share your insights with us, please write to psen@itechseries.com ]
