The partnership will give institutions access to off-exchange settlement and market-first trust documentation, built to mitigate exchange counterparty and insolvency risks.
Bitstamp, the world's longest-running cryptocurrency exchange, has announced an extended partnership with Copper, an institutional gateway for digital asset investment, to integrate with its ClearLoop network.
The integration with Bitstamp will enable institutional clients to trade with Bitstamp without needing to move assets from Copper's custodial environment.
ClearLoop previously announced integrations with Deribit, Bit, OKX, Bybit and others.
The announcement comes a week after Bitstamp retained its position as the No.1-rated centralised exchange on CCData's (formerly CryptoCompare) Exchange Benchmark. Bitstamp also maintained the only AA rating.
The partnership represents a significant step for both companies in serving a heightened focus on counterparty risk management in the wake of recent market events. As institutional investors continue to enter the cryptocurrency market, asset security and risk management will remain a top priority, and solutions like ClearLoop will play an important role in meeting these needs.
Related: Institutional Clients to Benefit from Bybit, Copper Partnership
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