Coinbase has partnered with Copper to offer off-exchange settlement via ClearLoop, aiming to meet growing institutional demand for secure crypto trading.
Coinbase International Exchange has integrated with Copper’s ClearLoop network to offer institutional clients access to off-exchange settlement amid what the company describes as “high” demand from institutions for more efficient and secure trading infrastructure.
The collaboration, announced Thursday, allows institutions to manage collateral and settle trades in near real-time without moving funds onto the exchange, according to a press release shared with Cointelegraph.
The move aims to reduce counterparty risk and boost capital efficiency, two major concerns for institutional crypto participants operating at scale. Ethena, a stablecoin protocol known for its role in hedging USDe, has been named a day-one launch partner for the integration.
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