Copper, a London-based digital assets firm, has recently partnered with cryptocurrency exchange FalconX. The intention of this alliance is to integrate Copper’s ClearLoop into FalconX’s Direct Market Access (DMA) product.
The partnership aims to extend ClearLoop’s protective measures to FalconX assets and its institutional clients. Copper developed ClearLoop, an off-exchange settlement and clearing network. It enables swift, secure, and private digital asset transfers between participants.
FalconX’s DMA product will utilize Copper’s robust infrastructure through ClearLoop’s integration. Copper will serve as the custodian and collateral manager, improving transaction safety on FalconX. This approach offers an extra layer of protection for institutional clients.
Benefits of the Copper-FalconX Partnership
Integrating ClearLoop into FalconX’s DMA product will significantly enhance digital asset protection. ClearLoop’s quick and private transfer features create a secure transaction environment. Moreover, Copper acting as the custodian and collateral manager significantly lessens the risk of asset mismanagement.
Furthermore, the partnership will expand ClearLoop’s protections to ByBit, a cryptocurrency exchange platform. This plan is designed to boost the safety and integrity of digital asset transactions across different platforms.
Importantly, FalconX’s institutional clients will greatly benefit from this partnership. The integration of ClearLoop into the DMA product will strengthen security measures, increasing the FalconX platform’s reliability. This development is likely to draw more institutional investors to the platform, driving FalconX’s growth in the digital assets market.
