Share this article
Crypto Exchange PowerTrade to Offer Custody Services to Institutional Clients
The firm is using technology from Copper, a crypto custody outfit, to hold digital assets outside of its exchange.
By Will Canny
Updated May 9, 2023, 4:02 a.m. Published Nov 14, 2022, 1:51 p.m.
PowerTrade, a crypto exchange focused on derivatives, has partnered with London-based custody firm Copper to offer custodial and settlement services for its institutional clients, the company said in a statement Monday.
PowerTrade will use Copper’s ClearLoop technology to allow customers to minimize counterparty risk by enabling them to trade on the exchange while maintaining assets off exchange in independent custody.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
“Copper’s ClearLoop brings institutional-grade clearing and settlement to PowerTrade in line with TradFi standards,” said Mario Gomez Lozada, founder and CEO of PowerTrade. “Under this model PowerTrade does not custody our client’s assets, which will result in vastly improved controls when it comes to segregation of assets, settlements and funds management."
Last month, PowerTrade said it was rolling out a RFQ (request for quote) model for the options market to allow it to cater to institutional investors by mirroring a widely used practice in traditional finance.
Read more: Crypto Derivatives Exchange PowerTrade Launches ‘RFQs’ for Institutional Options Trading
Lebih untuk Anda
Yang perlu diketahui:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Lebih untuk Anda
Interactive Brokers Now Accepts Stablecoins in a Bid to Remain Competitive
The firm has begun offering stablecoin account funding for U.S. retail clients, joining a growing list of brokerages racing to keep pace with crypto-native rivals.
Top Stories
