Crypto service provider Matrixport is joining forces with crypto custodian Copper to enhance its client access to prime brokerage offerings, according to a press release.
The collaboration will see Matrixport integrating with Copper’s ClearLoop to offer its institutional clients off-exchange settlement. Copper’s ClearLoop network allows investors to hold on to assets until just before a trade is executed by connecting multiple exchanges in one secure trading loop.
This allows users to keep their assets securely within Copper’s infrastructure while trading on ClearLoop-connected exchanges through Matrixport sub-accounts, according to the press release. “This process not only ensures clients are protected from exchange counterparty risks but also promotes capital efficiency,” reads
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