BitGo and Copper Introduce Multi-Custodial Settlement Solution for Derivatives Trading

BitGo, a leading crypto custody firm, has partnered with Copper to launch a new trading model that enables off-exchange settlement on the popular derivatives exchange, Deribit. This innovative solution allows clients to trade spot and derivatives while keeping their assets secured off-exchange, utilizing BitGo Trust’s qualified custody offering and Copper’s ClearLoop solution for automatic settlement.

Key Benefits of the New Trading Model

With this partnership, traders will benefit from:

  • Integrated liquidity and capital efficiency
  • Qualified custody through BitGo Trust
  • Seamless and secure settlement via Copper’s ClearLoop solution

According to Brett Reeves, head of Go Network at BitGo, “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.”

A Step Toward Greater Interoperability

Ben Lorente, director of strategic alliances at Copper, believes that launching this new model in partnership with BitGo represents a significant step toward greater interoperability in the market. This solution is expected to support institutional adoption of cryptocurrency, Lorente added.

BitGo’s Continued Growth and Expansion

BitGo marked a major milestone earlier this year when it surpassed $100 billion in assets under custody, reinforcing its position as a leading custodian. In addition to custody services, the platform provides trading, staking, and financing solutions. Founded in 2013, U.S.-based BitGo continues to expand its global footprint, catering to both institutional and retail customers.

For more news on the latest developments in the world of cryptocurrency, visit Global Crypto News.

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