Digital asset custodians BitGo and Copper are merging their respective custody settlement networks

ChainCatcher news, according to CoinDesk, digital asset custodians BitGo and Copper are merging their respective custody settlement networks. The combination of BitGo's Go Network and Copper's ClearLoop system will allow users to access exchanges such as Bybit, OKX, Powertrade, Bitget, Gate.io, Deribit, BIT, Bitfinex, and Bitstamp.

Matthew Ballensweig, head of Go Network, stated that the expansion of the company's existing over-the-counter settlement network is currently primarily aimed at non-U.S. users, but the next step will be a launch in the U.S. BitGo recently announced that it has obtained a cryptocurrency custody license issued by Germany's financial regulator BaFin. Copper closed its enterprise custody business earlier this year to focus on its ClearLoop settlement network, which was launched in 2020 and serves dozens of institutional companies.