Coinbase Revolutionizes Secure Off-Exchange Settlement for Institutional Crypto

Key Points

1. Coinbase International Exchange partners with Copper to integrate ClearLoop, a solution for secure off-exchange settlement.

2. Off-exchange settlement reduces counterparty risk by keeping collateral with a custodian (Copper) instead of the exchange.

3. The collaboration allows institutional clients to deposit collateral (e.g., USDC) with Copper while accessing Coinbase's liquidity and trading opportunities.

4. This integration improves capital efficiency by centralizing collateral management and reducing the need for pre-funding on exchanges.

5. The solution currently supports USDC but has a roadmap for expanding to other assets, signaling growth in secure off-exchange settlement for institutional crypto trading.