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.

ChainCatcher news, according to CoinDesk, Komainu, a compliant digital asset custodian jointly established by Nomura Securities, Ledger, and Coinshares, has joined the ClearLoop network of the crypto custody platform Copper. This collaboration will allow Komainu's institutional clients to trade through ClearLoop, enabling clients to benefit from the regulated on-chain custody provided by Komainu while gaining access to over-the-counter settlement through the network. ClearLoop allows investors to connect multiple exchanges within a trading network, holding assets before trade execution, thereby reducing counterparty risk and eliminating the need to transfer assets to exchange-based wallets.

ChainCatcher news, Bitget announced a partnership with the crypto custody platform Copper to provide over-the-counter settlement services for institutional clients, which has now integrated Copper's ClearLoop network. After the integration, Bitget's institutional clients will securely store their assets within Copper's infrastructure while delegating their assets for trading on the Bitget platform. Once client assets are stored in Copper and connected to their Bitget account, the Bitget account will instantly display the balance and support over 450 tokens and more than 580 trading pairs. (source link)