#KrakenMTF #Copper #CryptoDerivatives #InstitutionalInvesting #DigitalAssetCustody #FinancialMarkets #BlockchainTechnology #ClearLoop
In a landmark partnership, Kraken MTF, Europe’s first Financial Conduct Authority (FCA)-authorized cryptocurrency derivatives trading venue, has teamed up with Copper, a leading digital asset custody and collateral management firm. This collaboration is poised to redefine the landscape for institutional crypto trading by providing off-venue settlement services. Copper’s ClearLoop solution is at the heart of this integration, offering a groundbreaking approach to multi-exchange connectivity. This technology allows institutional investors to trade virtual balances across various exchanges seamlessly, ensuring settlements are conducted efficiently on Copper’s secured infrastructure.
The strategic alliance between Kraken MTF and Copper is particularly significant for the institutional investment community, which demands robust infrastructure to mitigate risks, optimize price discovery, and access liquidity without friction. Kraken MTF, known for its continuous round-the-clock trading capabilities in the crypto derivatives market, becomes even more attractive with the integration of ClearLoop. This setup not only enhances risk management for institutions but also supports the hedging of positions in a market that never sleeps. Mark Jennings, CEO of Kraken MTF, underscores the growing volumes in crypto derivatives, primarily driven by institutional investors, and heralds the integration with ClearLoop as a fundamental infrastructure development set to support the ever-increasing institutional engagement in this asset class.
In addition to facilitating instant asset delegation and optimizing collateral management, ClearLoop’s integration with Kraken MTF underscores a significant leap towards operational efficiency, cost reduction, and compliance with regulatory standards for institutional investors. By circumventing traditional blockchain network settlements and their associated costs, ClearLoop offers palpable financial benefits. With the support for nine live exchanges and plans for further expansion, this partnership represents a pivotal step in shaping a resilient, secure, and innovative financial market ecosystem. Dmitry Tokarev, CEO of Copper.co, expresses enthusiasm for this collaborative effort, indicating a shared vision for revolutionizing liquidity and security in the institutional sector and setting new benchmarks for the financial market infrastructure.
Comments are closed.