Friday, September 13, 2024 – Copper.co, a leader in digital asset custody, collateral management, and prime services, has announced plans to offer custody services for all cryptocurrencies included in the CoinDesk 20 Index. This expansion aligns with the growing demand for secure storage solutions in the crypto industry.

CoinDesk 20 is a broad-based index, launched in January 2024, that tracks the performance of 20 top digital assets by market capitalization and trading volume. By providing custody for these constituents, Copper.co aims to meet the needs of institutional investors and traders requiring robust security measures for their diverse crypto holdings.

Expanding Institutional Offerings

With over 400 institutions already using Copper as a custodian, this move further solidifies the company's position as a leader in institutional digital asset custody. The CoinDesk 20 Index addresses the growing demand from institutional investors for more diverse portfolio options beyond bitcoin ETFs, applying a capped market capitalization weighted methodology to ensure diversification.

Dmitry Tokarev, CEO and Founder of Copper.co, stated: "As the cryptocurrency market continues to mature, the demand for secure custody solutions is expected to grow. Copper.co's expansion of its custody services to include the CoinDesk 20 constituents positions the company as a key player in meeting this demand and supporting the broader adoption of digital assets by institutional investors."

Market Impact

CoinDesk 20 has already been adopted by leading market-making firms. Following its launch, Bullish—the fastest-growing regulated digital asset exchange—introduced a new perpetual futures contract on the index, marking an industry first. The CoinDesk 20 perpetual futures contract has attracted substantial institutional interest, driving a trading volume of approximately $7.3 billion since launch.

This expansion of Copper.co's custody services is expected to further support the growth and adoption of diverse cryptocurrency portfolios among institutional investors.

“The CoinDesk 20 was designed to unlock the next major allocation of investment dollars–which we believe is in diversified exposure beyond bitcoin and ether," said Alan Campbell, President of CoinDesk Indices. "We are thrilled Cooper is enabling access to CoinDesk 20 to help meet the global institutional and investor demand.”

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About CoinDesk Indices

"Since 2014, CoinDesk Indices has been at the forefront of the digital asset revolution, empowering investors globally. A portfolio company of the Bullish group, our indices form the foundation of the world's largest digital asset products. Known for their precision and compliance, flagships such as the CoinDesk Bitcoin Price Index (XBX) and the CoinDesk 20 Index set the industry standard for measuring, trading, and investing in digital assets. With tens of billions of dollars in benchmarked assets, CoinDesk Indices is a trusted partner. Discover more at coindeskmarkets.com."

To learn more about the CoinDesk 20 Index, visit: coindeskmarkets.com/cd20.

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.

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

LinkedIn: Copper.co

Twitter: @CopperHQ

For media inquiries, please contact:

• Copper: matthew.owen@portland-communications.com
• CoinDesk Indices: coindesk@allisonworldwide.com

CoinDesk Indices Disclaimer:

CoinDesk Indices, Inc. (“CDI”) is a portfolio company of the Bullish group. CDI does not sponsor, endorse, sell, promote or manage any investment offered by any third party that seeks to provide an investment return based on the performance of any index. CDI is neither an investment adviser nor a commodity trading advisor and makes no representation regarding the advisability of making an investment linked to any CDI index. CDI does not act as a fiduciary. A decision to invest in any asset linked to a CDI index should not be made in reliance on any of the statements set forth in this document or elsewhere by CDI. All content contained or used in any CDI index (the "Content") is owned by CDI and/or its third-party data providers and licensors, unless stated otherwise by CDI. CDI does not guarantee the accuracy, completeness, timeliness, adequacy, validity or availability of any of the Content. CDI is not responsible for any errors or omissions, regardless of the cause, in the results obtained from the use of any of the Content. CDI does not assume any obligation to update the Content following publication in any form or format. © 2024 CoinDesk Indices, Inc. All rights reserved.

Copper Disclaimer:

THE INFORMATION CONTAINED WITHIN THIS COMMUNICATION IS FOR INSTITUTIONAL CLIENTS, PROFESSIONAL AND SOPHISTICATED MARKET PARTICIPANT ONLY THE VALUE OF DIGITAL ASSETS MAY GO DOWN AND YOUR CAPITAL AND ASSETS MAY BE AT RISK

Copper Markets (Switzerland) AG (“Copper”) provides various digital assets services (“Crypto Asset Service”) to professional and institutional clients in accordance with the Swiss Federal Act on Financial Services (FinSa) of 15 June 2018 as amended and restated from time to time.

This material has been prepared for informational purposes only without regard to any individual investment objectives, financial situation, or means, and Copper is not soliciting any action based upon it. This material is not to be construed as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product, or instrument; or to participate in any particular trading strategy in any jurisdiction in which such an offer or solicitation, or trading strategy would be illegal. Certain transactions, including those in digital assets, give rise to substantial risk and are not suitable for all investors. Although this material is based upon information that Copper considers reliable, Copper does not represent that this material is accurate, current, or complete and it should not be relied upon as such. Copper expressly disclaims any implied warranty for the use or the results of the use of the services with respect to their correctness, quality, accuracy, completeness, reliability, performance, timeliness, or continued availability. The fact that Copper has made the data and services available to you constitutes neither a recommendation that you enter into a particular transaction nor a representation that any product described herein is suitable or appropriate for you. Many of the products described involve significant risks, and you should not enter into any transactions unless you have fully understood all such risks and have independently determined that such transactions are appropriate for you. Any discussion of the risks contained herein with respect to any product should not be considered to be a disclosure of all risks or complete discussion of the risks which are mentioned. You should neither construe any of the material contained herein as business, financial, investment, hedging, trading, legal, regulatory, tax, or accounting advice nor make this service the primary basis for any investment decisions made by or on behalf of you, your accountants, or your managed or fiduciary accounts, and you may want to consult your business advisor, attorney, and tax and accounting advisors concerning any contemplated transactions. Digital assets are considered very high risk, speculative investments and the value of digital assets can be extremely volatile. A sophisticated, technical knowledge may be needed to fully understand the characteristics of, and the risk associated with, particular digital assets. While Copper is a member of the Financial Services Standard Association (VQF), a self-regulatory organization for anti-money laundering purposes (SRO) pursuant to the Swiss Federal Act on Combating Money Laundering and Terrorist Financing (AMLA) of 10 October 1997 as amended and restated from time to time. Business conducted by us in connection with the Crypto Asset Service is not covered by the Swiss depositor protection scheme (Einlagensicherung) or the Financial Services Compensation Scheme and you will not be eligible to refer any complaint relating to the Crypto Asset Service to the Swiss Banking Ombudsman. It is your responsibility to comply with any rules and regulations applicable to you in your country of residence, incorporation, or registered office and/or country from which you access the Crypto Asset Service, as applicable.