Bitget will provide off-exchange settlement via Copper’s ClearLoop for its crypto trading platform

The crypto exchange Bitget has announced a partnership with the custody firm Copper and will be joining the ClearLoop network, according to a statement released on Thursday.

Through the integration with ClearLoop, institutional clients of both Bitget and Copper will be able to store their digital assets within Copper’s infrastructure while also allowing those assets to be traded on the exchange. Client assets will be deposited onto Copper’s platform and then linked to a Bitget account.

“Institutional crypto investors are primarily seeking ways to safeguard their assets and optimize trading,” said Gracy Chen, managing director of Bitget.

“Bitget’s partnership with Copper exemplifies our ongoing efforts to boost confidence among institutional crypto users,” she added.

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Bitget is the sixth exchange to join Copper’s ClearLoop network this year. Earlier this month, crypto service provider Matrixport announced that it was also joining the platform.

Last month, Bitget announced that it had started a $100 million fund aimed at supporting Web3 startups as Asian countries develop their framework for Web3.

Read more: Matrixport Integrates With Copper’s ClearLoop on Prime Brokerage Offerings

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