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Copper and FalconX expand ClearLoop integration to Deribit

EMEA9 December 2025Copper
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Clearloop continues to expand off-exchange settlement to prime brokers

  • Copper is extending ClearLoop connectivity ​​as part of its integration with​​​​ ​​ FalconX’s Direct Market Access (DMA) offering, with a new Prime Connect integration to Deribit.
  • FalconX DMA clients will now trade on Deribit while keeping collateral securely custodied off-exchange with Copper.
  • Following the initial ClearLoop integration with Bybit earlier this year, this expansion represents the next phase of Copper and FalconX’s multi-exchange strategy.

TUESDAY 9 DECEMBER 2025 - Switzerland β€” Copper has today announced the next phase of its multi-exchange strategy in partnership with FalconX, expanding ClearLoop’s integration ​​within​​​​ ​​ FalconX’s Prime Connect solution through the addition of Deribit, one of the world’s foremost crypto options exchanges.

Through this integration, FalconX DMA clients can trade on Deribit while keeping assets securely custodied off-exchange using Copper’s ClearLoop technology. This provides enhanced security, reduced counterparty risk, and seamless access to deep derivatives liquidity.

Following this expanded integration of Copper’s ClearLoop solution, FalconX DMA clients will now:

  • Trade on Deribit while holding assets off-exchange, safeguarded with Copper's MPC-protected custody
  • Access up to 5x leverage through FalconX’s integrated credit and risk solutions
  • Consolidate margin and risk across venues through a unified interface
  • Gain near real-time visibility into off-exchange balances and settlements

This expansion represents the next phase of Copper’s partnership with FalconX. In August 2025, Copper and FalconX announced their initial integration, bringing ClearLoop connectivity to FalconX's DMA offering, launching with Bybit as the first exchange.

Copper and Deribit are also building on nearly six years of collaborative development, with Deribit among the first exchanges to adopt ClearLoop’s institutional-grade off-exchange settlement and custody. The relationship has evolved significantly since, with Copper reporting significant user volumes accessing Deribit through ClearLoop.

Adam VandenBoogaard, Head of Revenue, Americas at Copper said: β€œBy extending ClearLoop connectivity through FalconX to include Deribit, we’re helping prime brokers offer institutional clients a safe and efficient way to trade across leading venues while keeping collateral with a trusted custodian. ClearLoop’s off-exchange settlement model supports faster deployment of capital, simplifies post-trade operations, and helps prime brokers scale their derivatives offering without increasing operational overhead. With multiple venues already live and more on the way, we are focused on giving prime brokers and their clients the infrastructure they need to grow institutional digital asset trading.”

​​​Wee Kuo, Senior Business Manager, DMA​​​​XX​​ at FalconX said: β€œWe’re pleased to be building on our partnership with Copper by extending ClearLoop into our Prime Connect solution with Deribit. This integration brings institutional-grade, off-exchange custody and ​seamless​​rapid net​ settlement directly into our DMA workflow, giving clients safer, more controlled access to leading options and futures liquidity. We’re continuing to work with Copper on extending ClearLoop connectivity across additional global exchanges to deliver secure, efficient market access at scale.”

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 across multiple exchanges, while mitigating counterparty risk and increasing capital efficiency.

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