Bitstamp, the cryptocurrency exchange, has extended its partnership with Copper, the UK-based provider of institutional digital asset custody, collateral management and settlement solutions, to integrate with its ClearLoop network. The partnership will give institutions access to off exchange settlement, designed to mitigate exchange counterparty and insolvency risks. The network will now enable institutional clients to trade with Bitstamp without needing to move assets from Copper’s custodial environment. Bitstamp has worked with Copper since 2021 as part of its set-up to secure digital assets across multiple third party custodians.
