FTX is the latest addition to ClearLoop’s rapidly growing off-exchange settlement network
London 13/07/2021: Copper.co, the leading provider of digital asset custody and trading solutions, is delighted to announce that cryptocurrency exchange FTX is joining ClearLoop, Copper’s unique instant settlement trading network. Copper’s client base of over 300 institutional asset managers will now be able to trade FTX’s innovative range of products seamlessly with their funds safely secured within Copper’s platform.
ClearLoop is the only digital asset custodian that minimises counterparty risk by enabling asset managers to trade their balance on-exchange, while storing their assets securely offline and off-exchange.
The FTX product range includes crypto derivatives, options, volatility products, prediction markets, leveraged tokens and OTC trading. The exchange now has over 1 million registered users, ranging from institutional traders to family offices and crypto-native investors.
FTX has grown exponentially since it was founded in 2019. In May this year, FTX saw US$600 billion in monthly trading volume, making FTX the largest exchange to date to join the Clearloop network. Copper clients can now instantly move funds between FTX, Deribit, the largest options exchange and Bitfinex, one of the largest spot exchanges.
Dmitry Tokarev, Founder and CEO of Copper said: “Since its inception one year ago, ClearLoop has led the institutional adoption of the cryptoasset market. Our collaboration with FTX now brings together an unrivalled institutional infrastructure solution with one of the largest crypto derivatives exchange globally.”
Sam Bankman-Fried, Founder and CEO of FTX, said: “Since we founded FTX in 2019, we have been focused on being at the forefront of crypto trading. Our range of products now available via Copper’s ClearLoop network, offers a best-in-class trading experience and the reduced level of counterparty risk required by many institutions in order to interact with crypto exchanges. Our collaboration with Copper will help us stay ahead of the pack.”
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Founded in 2018 by Dmitry Tokarev, Copper provides a gateway into the cryptoasset space for institutions by offering custody, prime brokerage, and settlements across 250 digital assets and more than 40 exchanges. It is committed to providing flexible solutions for institutional investors that can adapt to the changing cryptoasset space, while enabling far greater transparency and control for asset managers.
Copper’s fully integrated products are unique in the cryptoasset space. Underpinned by multi-award-winning custody, Copper has built the comprehensive and secure suite of tools and services required to safely acquire, trade, and store cryptocurrencies, including access to margin lending trading facilities and the DeFi space.
At the core of Copper’s infrastructure is ClearLoop, a framework that connects a universe of exchanges in one secure trading loop — with real-time settlement across the networks. Integrated with market leading spot and derivative crypto exchanges, ClearLoop has already transformed the way in which institutional investors can engage in the cryptoasset space since launching in May 2020.
For more information, please visit: www.copper.co
FTX.COM is a cryptocurrency exchange built by traders, for traders. It offers innovative products, including industry-leading derivatives, options and volatility products, tokenized stocks, prediction markets, leveraged tokens and an OTC desk. FTX.COM strives to be an intuitive yet powerful platform for all kinds of users, and to be the most innovative exchange in the industry. FTX.COM has grown quickly since its founding, becoming one of the most respected cryptocurrency exchanges in the world in less than 2 years.
To learn more about FTX.COM, please visit: https://ftx.com/
FTX.COM is not available to US residents or residents of other prohibited jurisdictions, as set out in its Terms of Service.
FTX.US is a US-regulated cryptocurrency exchange, built from the ground up. Our mission is for FTX.US to grow the digital currency ecosystem, offer US traders a platform that inspires their loyalty and become the market leading US cryptocurrency exchange by volume over the next two years.
To learn more about FTX.US, please visit: https://ftx.us/