BitGo
February 20, 2025
BitGo Unicorn News - February 20, 2025
BitGo and Copper have announced a new off-exchange settlement service for Deribit, enhancing security by allowing clients to trade while keeping assets secured off-exchange. This initiative aims to mitigate risks associated with exchange-based asset storage, reflecting a shift towards traditional finance practices in the crypto industry.
() Introduction
() BitGo and Copper Introduce Off-Exchange Settlement for Deribit
BitGo and Copper have partnered to enhance secure settlement for Deribit, the world's largest crypto options exchange. This collaboration integrates BitGo's regulated custody services with Copper’s ClearLoop network, allowing institutional traders to pre-fund accounts while maintaining asset security off-exchange. By reducing counterparty risk and streamlining settlement processes, this initiative strengthens Deribit’s infrastructure, providing a safer and more efficient trading environment for its users.
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