Copper and BitGo launch trading model with off-exchange settlement from qualified custody, featuring Deribit

• Clients can now trade spot and derivatives on Deribit while assets are secured off-exchange in qualified custody with BitGo Trust Company, Inc., and automatically settled leveraging Copper ClearLoop’s and BitGo Go Network’s infrastructure.
• This partnership offers a secure trading and multi-custodial settlement model for the industry, establishing a new standard for trading.
• Clients immediately benefit from reduced risk, capital efficiency, and streamlined operations through this strategic partnership.
  

THURSDAY, 20 FEBRUARY 2025 - Copper, a leader in digital asset custody, collateral management and prime services, and BitGo Trust Company, Inc., a leading infrastructure provider of digital asset solutions, are pleased to launch their trading and settlement solution with its first live client. Through this partnership clients can trade derivatives on Deribit, a leading derivatives exchange, while their assets are secured off-exchange in regulated custody with BitGo Trust and settled through Copper’s ClearLoop infrastructure. The comprehensive offering, which has recently onboarded its first client and includes automated settlement via Go Network and ClearLoop, marks a significant step forward for the industry and establishes a new standard for trading.

This multi-custodial settlement model addresses a critical challenge that investors have historically had to face—accessing deep liquidity without compromising on security or operational efficiency. BitGo and Copper have successfully bridged this gap with a solution that seamlessly integrates liquidity, qualified custody and automated settlement for clients. The comprehensive offering marks a significant step forward for the industry and establishes a new standard for trading.

Investors also benefit from increased capital efficiency as they can hold assets with BitGo Trust and trade with other partner venues on Go Network freely without having to prefund their strategies. With the latest addition of Deribit via Copper ClearLoop, investors will seamlessly be able to implement sophisticated trading strategies by leveraging Deribit’s robust platform for trading options and futures.

Ben Lorente, Strategic Alliances Director at Copper commented: "This partnership with BitGo expands our multi-custodial network within our off-exchange settlement network ClearLoop and is a significant step towards our commitment to industry interoperability of secure, reliable, and comprehensive solutions for institutional investors. This continues to ensure long-term institutional adoption of the digital asset ecosystem."

“Our partnership with Copper represents a fundamental shift in how investors can access exchanges. Holding assets in Qualified Custody and settling through ClearLoop’s tried and tested settlement process delivers what the market has been asking for—a seamless and secure way to trade. This is a testament to how committed BitGo is to setting a new standard for trading that delivers security and efficiency without compromise,” added Brett Reeves, Head of Go Network.

Luuk Strijers, CEO of Deribit adds, “This collaboration marks a significant step forward for the market and investors alike and we’re excited to be at the forefront of it with BitGo and Copper. The synergies between our companies will unlock new opportunities for investors and will completely change the landscape of trading.”

Connect with us to earn more about how this partnership can enhance your trading strategies and operations.

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About Copper

Since being founded in 2018, Copper has been building the standard for institutional digital asset infrastructure with a focus on custody and collateral management. Underpinned by multi-award-winning technology, Copper has built a comprehensive and secure suite of products and services required to safely custody and trade digital assets. At the core of Copper’s infrastructure is ClearLoop, which enables clients to manage collateral and settle trades in near real-time across multiple exchanges while mitigating counterparty risk and increasing capital efficiency.

For more information, please visit: www.copper.co

LinkedIn: Copper.co
Twitter: @CopperHQ

About BitGo

"BitGo is dedicated to advancing a digital financial services economy that is borderless and accessible 24/7. With multiple regulated entities around the world, BitGo is the largest independent digital asset custodian and the preferred security and operational backbone for more than 2,000 institutional clients in 90 countries, including many of the world’s top brands, cryptocurrency exchanges, and platforms."

For more information, visit: www.bitgo.com

About Deribit

Deribit is a centralized, institutional-grade crypto derivatives exchange for options and futures trading based in Dubai, United Arab Emirates. Deribit’s state-of-the-art infrastructure offers instantaneous price discovery, low latency trading, advanced risk mitigation services, and deep liquidity via its network of top-tier market makers. Led by a team with decades of experience in options trading across all markets, Deribit facilitates a significant majority of all crypto options trading and has robust proof of assets and liabilities procedures to ensure the exchange is held to the highest of standards. Deribit has been consistently acknowledged as a leader in the space as one of the few exchanges to secure the ISO 27001 certificate and was named Best Exchange for Innovation by Hedgeweek.

For additional information, visit: www.deribit.com