Coinbase Revolutionizes Secure Off-Exchange Settlement for Institutional Crypto
Main Idea
Coinbase International Exchange integrates Copper's ClearLoop solution to enhance secure off-exchange settlement for institutional crypto trading, improving capital efficiency and reducing counterparty risk.
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.
Description
The world of institutional crypto is constantly evolving, driven by a demand for greater security, efficiency, and risk mitigation. A significant leap forward in this journey has just been announced, with Coinbase International Exchange, the derivatives arm of the crypto giant, integrating Copper’s ClearLoop solution. This collaboration is set to redefine how large-scale players manage their digital assets, promising faster, more secure off-exchange settlement and a significant boost to capital ...
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