Matrixport, a renowned crypto service provider, recently established a strategic partnership with Copper, a prominent crypto custodian, to expand its clients’ access to prime brokerage options. According to the press announcement, Matrixport intends to incorporate Copper’s revolutionary technology, ClearLoop, to give institutional clients with off-exchange settlement capabilities through this relationship.
Copper’s ClearLoop allows investors to securely keep their assets until right before a trade is conducted. It accomplishes this by connecting numerous exchanges in a secure trading loop. Matrixport clients can use ClearLoop to keep their assets secure within Copper’s infrastructure while trading on exchanges connected through ClearLoop, ensuring greater security and operational efficiency.
ClearLoop’s integration with Matrixport’s array of services gives institutional clients various advantages. It reduces the risks associated with exchange counterparty exposure, assuring greater customer protection. Matrixport clients can reduce the risks associated with trading on individual exchanges by conducting trades on ClearLoop-connected exchanges, boosting their overall trading experience.
Furthermore, Matrixport and Copper’s relationship increases capital efficiency for institutional investors. Clients can optimize their capital allocation, streamline their trading activity, and decrease operational difficulties by using ClearLoop. The ability to seamlessly trade across various exchanges from Copper’s secure infrastructure allows for greater flexibility and agility in managing digital assets.
Matrixport’s choice to collaborate with Copper demonstrates the company’s dedication to providing cutting-edge solutions to institutional clients. Matrixport can expand its prime brokerage products and boost its position in the crypto market by integrating with Copper’s proven infrastructure and leveraging its expertise in custody and security.
From an industry standpoint, this collaboration illustrates institutional investors’ growing desire for complete crypto services. Matrixport and Copper’s collaboration combines the expertise of two industry giants, offering institutional clients a comprehensive and secure platform for accessing prime brokerage services.
Finally, Matrixport’s partnership with Copper to integrate ClearLoop into its platform illustrates their commitment to providing expanded services to institutional clients. Matrixport intends to provide off-exchange settlement capabilities by using Copper’s secure infrastructure, reducing counterparty risks and promoting capital efficiency. This strategic relationship emphasizes the necessity of personalized solutions in the developing crypto finance market.
