In August, the markets faced significant volatility, with Bitcoin declining 9% from around $64,600 to approximately $59,000 due to recession fears and macroeconomic concerns. Despite this downturn, the market displayed resilience, rebounding in total market capitalisation and trading volumes as investor confidence began to return.

Trading activity surged across centralised exchanges, with combined spot and derivatives trading volumes reaching $1.2 trillion, a 6.6% increase from July. Notably, institutional interest remained robust, as Bitcoin’s Open Interest hit an all-time high of $39.46 billion, supported by substantial investments in spot Bitcoin ETFs from major firms like Goldman Sachs, purchasing $418 million worth of bitcoin funds.

Regulatory clarity also emerged, with the SEC dropping requests to classify Solana, Cardano, and Polygon as securities, providing stability for these assets. As the market heads into September, key factors such as Federal Reserve decisions and geopolitical tensions will be crucial to monitor, but the resilience shown in August indicates potential for recovery and growth in the months ahead.

Product updates snapshot

ClearLoop

Copper’s off-exchange settlement solution continues to thrive, safeguarding client assets, and mitigating risk. We look forward to further integrations and unveiling new collaborations in the coming months.

Key product updates

Our Product and Engineering teams have been hard at work to grow and improve our existing product suite, adding support for new networks, tokens, staking features and UI upgrades.

Consistent growth and risk management in volatile markets

Market corrections are a hallmark of crypto cycles, occurring in both bullish and bearish phases. ClearLoop, Copper’s Off-Exchange Settlement (OES) solution has thrived since its launch, safeguarding client assets, and mitigating risk. Read more →

Copper and Core DAO

Copper partnered with Core DAO to support the CORE token and staking activities. Core is offering Non-Custodial BTC Staking to the institutional market, with Copper’s platform offering the ability to stake Bitcoin and CORE directly from a custodian account mitigating counterparty risk. Read more →

Copper partners with HBAR Foundation

Copper has integrated with the Hedera network to enable institutional access to DeFi and custody of HBAR and Hedera Token Service (HTS) tokens. As part of the integration, clients will be able to stake their HBAR to validators of their choosing, and perform DeFi transactions from Copper’s MPC wallet infrastructure, via API and Copper’s DeFi platform Copper Connect. HBAR will also be available for trading via ClearLoop. Read more →

Copper and MINA

Copper has enabled custody and staking support for MINA, the native currency of Mina Protocol, a next-gen zero knowledge (ZK) blockchain. Read more →

Network cards for ClearLoop exchanges

Now visible for users on the Copper Network platform are network cards for ClearLoop exchanges which showcase the partnerships and connectivity in place with the digital asset ecosystem.

New tokens added

We have added custody support for a range of new tokens, further expanding our custodial offering and trading options via Walled Garden. View the full list →

To see the full details of all of Copper’s listed digital assets, see our help page →

Recent news

Copper as members of SIC

Copper has become a member of Superstate Industry Council (SIC). We join 35+ industry leading firms to collaborate with SIC to drive innovation and promote the adoption of tokenization across financial markets. Read more →

Opening bell
Prepare for the week ahead, with 'The Opening bell’ a weekly report, crafted by our Research Team, providing a concise yet comprehensive overview of the latest data trends and analyses. Subscribe on LinkedIn →

In-depth report
Our in-depth reports focus on the development and evolution of Financial Market Infrastructure and DLT. Following our recent report on the settlement of non-native tokenized securities, part three of our in-depth series is an executive point of view from our CEO, Dmitry Tokarev who gives his view in this article with a vision to unify rather than fragment financial markets as participants move toward DLT-based ecosystems. Read more →

Read more about recent and upcoming regional updates by subscribing to our full monthly newsletter on LinkedIn here or submit your email below to get this delivered to your inbox monthly.

Disclaimer.

THE INFORMATION CONTAINED WITHIN THIS COMMUNICATION IS FOR INSTITUTIONAL CLIENTS AND PROFESSIONAL AND SOPHISTICATED MARKET PARTICIPANTS 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. 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. 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.