• Bybit, the third most visited crypto exchange, has announced a joint venture with Copper.co to introduce crypto custodial services and settlements for its institutional clients.
• The joint venture will leverage Copper’s market-leading ClearLoop service and enable Bybit’s institutional clients to invest capital and trade immediately on the exchange, while also keeping their assets out of the exchange and stored safely in autonomous custody.
• Bybit expects to integrate into the ClearLoop service within the first quarter of 2023.
Crypto exchange Bybit has announced that it will be collaborating with Copper.co on a joint venture to introduce crypto custodial services and settlements for its institutional clients. This move is in anticipation of the rising demand for safer and more reliable custodial services in the crypto market.
The joint venture will leverage Copper’s market-leading ClearLoop service. Bybit’s institutional clients will be able to invest capital and trade immediately on the crypto exchange, while also keeping their assets out of the exchange and stored safely in autonomous custody through Copper’s groundbreaking ClearLoop technologies. The partnership will also allow Bybit clients to raise their allocations, mitigate counterparty risk, and optimize capital efficiency.
Bybit expects to integrate into the ClearLoop service within the first quarter of 2023. According to the CEO of Copper.co, the partnership is an important step in the mission to professionalise digital asset markets.
Bybit’s move to collaborate with Copper.co on crypto custodial services and settlements speaks to the growing demand for safer and more reliable custodial services in the crypto market. As the crypto market continues to expand, it is becoming increasingly important for crypto exchanges to ensure that their clients‘ assets are secure. With the partnership between Bybit and Copper.co, institutional clients will be able to invest capital and trade on the exchange with the assurance that their assets are in good hands.
The integration into the ClearLoop service is expected to be a game-changer for Bybit’s institutional clients. By leveraging Copper’s market-leading technology, Bybit’s clients can rest assured that their assets are stored securely and that their investments are protected.
Overall, the partnership between Bybit and Copper.co is a significant move for the crypto industry. The integration into the ClearLoop service will provide institutional clients with a secure and reliable way to store their assets and trade on the exchange. As the crypto market continues to grow, this partnership will only become more important, as it will provide a safe and reliable environment for clients to invest their funds.
