Falconx Expands Prime Connect With Copper Clearloop Integration
Main Idea
FalconX expands its Prime Connect service by integrating Copper Clearloop to enhance Direct Market Access (DMA) for clients trading on Bybit, reducing counterparty risk and improving trading efficiency.
Key Points
1. FalconX’s DMA offering provides unified access to a global network for clients.
2. Clients can access up to 5x leverage and consolidate margin and risk across venues.
3. The integration with Copper Clearloop enhances visibility into off-exchange balances and settlements.
4. The service aims to reduce counterparty risk associated with exchange-held funds.
Description
Falconx has announced the expansion of its Prime Connect product through an integration with Copper’s Clearloop network, enhancing off-exchange settlement capabilities for its Direct Market Access (DMA) clients trading on Bybit. This integration allows clients to custody their assets off-exchange while trading, thereby reducing counterparty risk associated with exchange-held funds. Falconx’s DMA offering provides a
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