Coinbase and Copper Explore Off-Exchange USDC Settlement to Enhance Institutional Crypto Trading

Key Points

1. Coinbase International Exchange and Copper's ClearLoop network integration facilitates near real-time off-exchange USDC settlements for institutional crypto trading.

2. The solution uses multiparty computation (MPC) technology to enhance security and efficiency, aligning with Coinbase's mission for robust global crypto derivatives trading.

3. ClearLoop's network includes major exchanges like Deribit, Kraken MTF, OKX, and Bitfinex, strengthening Coinbase's position in the market.

4. A survey by Coinbase and EY-Parthenon indicates 83% of institutional investors plan to increase crypto allocations in 2025, with interest in assets like XRP and Solana.

5. The Fireblocks report highlights that 90% of institutions are actively deploying crypto for payment solutions, reflecting growing institutional adoption.