Coinbase International Exchange and Copper have announced a partnership aimed at simplifying settlements and reducing risks for institutional clients.
Coinbase and Copper Integration
Coinbase International Exchange has integrated Copper's ClearLoop network to provide institutional clients with access to off-exchange settlement. This collaboration, announced on Thursday, highlights the high demand for more efficient and secure trading infrastructures.
Benefits of Using ClearLoop
The integration allows institutions to manage collateral and settle trades in near real-time without moving funds onto the exchange. This aims to reduce counterparty risk and improve capital efficiency—key concerns for institutional crypto participants. 'Institutions want this functionality and flexibility because ClearLoop enables a jumpstep in the off-exchange settlement times,' a Coinbase spokesperson stated.
Future of Crypto Investing in the Institutional Sector
A March survey by Coinbase and EY-Parthenon revealed that 83% of institutional investors plan to increase their crypto allocations in 2025, with many already diversifying their portfolios beyond Bitcoin and Ether.
The collaboration between Coinbase and Copper marks a significant step towards near-instant settlements and enhanced security for institutional participants in the crypto market. This may change the approach to trading and investing in digital assets.
