Crypto Custodian Copper to Provide Off-Exchange Settlement to OKX Customers

Crypto exchange OKX is joining Copper’s ClearLoop platform, allowing institutional clients of both companies to keep assets within the custody firm’s infrastructure while delegating them to trade on the exchange’s platform, according to a statement Monday.

The collaboration is useful for digital asset traders looking for alternative ways to hold assets while providing immediate access to OKX’s liquid markets and trading tools, Copper said.

“The continual inflow of institutional volume to Copper’s ClearLoop demonstrates the industry’s drive to meet high standards for asset security and trading,” Copper CEO Dmitry Tokarev said in the statement. “OKX is an essential trading venue for institutional investors, who will now be able to manage their assets efficiently thanks to the ClearLoop integration,” he added.

In January, rival exchange BitMart also said it was using Copper to provide clients with off-exchange settlement.

Copper said last month that up to 15% of its staff faced layoffs as it streamlines its business amid tough market conditions.

Recommended for you:

  • Blockchain Bridge Wormhole Suffers Possible Exploit Worth Over $326M
  • Fed Chair Powell’s Comments Shift Rate Projections; Bitcoin Holds Warily
  • The Game Is On: The Hunt for Web 3 Gaming Models
  • Join the Most Important Conversation in Crypto and Web3 in Austin, Texas April 26-28
Interested  1inch, Aggregator of Decentralized Crypto Exchanges, to Launch on Ethereum Rollup zkSync Era

Comments are closed.