Kraken adds support for Copper ClearLoop to facilitate settlement for institutional clients

According to ChainCatcher news reported by The Block, the cryptocurrency exchange platform Kraken has increased support for Copper's ClearLoop, allowing institutional clients to settle trades on Copper's infrastructure rather than on the exchange itself.

ClearLoop enables such traders to trade virtual balances on the exchange while actual settlements occur on their own network. This means that the token balances of these traders are guaranteed by Copper, rather than being stored on the exchange. This move helps institutional clients reduce the risk of funds being stolen.