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FTX Integrates Copper Trading Tool ClearLoop

ClearLoop lowers risk by allowing institutional investors to hold on to assets until just before a trade is executed.

By Jamie Crawley
Updated Feb 10, 2023, 2:48 p.m. Published Jul 13, 2021, 9:18 a.m. 1 min read
(Shutterstock)
(Shutterstock)

Crypto exchange FTX has integrated ClearLoop, a trading tool from infrastructure provider Copper.

  • Copper introduced ClearLoop last year to remove the need for traders to deposit digital assets with an exchange in a hot wallet before being able to trade, a requirement that raised concerns the assets would be vulnerable to hacks.
  • ClearLoop allows institutional investors to hold on to assets until just before a trade is executed.
  • The integration will allow Copper's client base of more than 300 institutional asset managers to trade FTX products with funds secured by Copper, according to an emailed announcement Tuesday.
  • Clients are able to retain their trading capital, either in a cold wallet or a custodial solution, while trades are initiated. ClearLoop transfers the assets to the buyer through an exchange once the trade has been completed.
  • The co-founder of FTX, Sam Bankman-Fried, said integration will enable the exchange to "stay ahead of the pack" through a "reduced level of counterparty risk required by many institutions."

Read more: Crypto Custodian Copper Raises $50M in Series B Round

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Bitcoin trades above $77,000 as oil's 5% slide pushes Asian equities higher

著者 Omkar Godbole
13 分前
BTC's price. (CoinDesk)

Oil’s 5% drop on potential Strait of Hormuz reopening boosted Asian equities and supported crypto sentiment.

知っておくべきこと:

  • Bitcoin trades near $77.2K, holding above its 50-day average, while ETH, XRP, and SOL lag below theirs.
  • Oil’s 5% drop on potential Strait of Hormuz reopening boosted Asian equities and supported crypto sentiment.
  • Caution persists as ETF outflows exceed $2 billion in two weeks.
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