Crypto Custodian Copper Partners With OKX to Provide Off-Exchange Settlements

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Institutional clients gain secure trading access while assets remain safeguarded

Crypto exchange OKX has integrated with Copper’s ClearLoop platform, enabling institutional clients to trade on OKX while their digital assets remain securely custodied by Copper. This partnership eliminates the need for frequent asset transfers between exchange and custody accounts, streamlining settlement processes.

Key benefits of the OKX-Copper collaboration:

"The integration reflects growing institutional demand for secure, efficient trading solutions," said Dmitry Tokarev, Copper’s CEO. "OKX’s deep liquidity combined with Copper’s custody infrastructure creates a powerful solution for professional investors."

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The rising demand for off-exchange settlements

The partnership addresses a critical need in crypto markets: the ability to trade while maintaining custody control. Traditional exchange trading requires depositing assets directly with the trading venue, creating potential security vulnerabilities.

Copper’s ClearLoop network now connects to multiple major exchanges, including:

ExchangeIntegration DateKey Feature
OKXApril 2023Institutional-grade liquidity
BitMartJanuary 2023Cross-margin capabilities

Institutional crypto adoption trends

Recent developments highlight three major shifts in institutional crypto trading:

  1. Security-first approach: Custody solutions becoming prerequisite for exchange access
  2. Regulatory alignment: Infrastructure adapting to forthcoming compliance requirements
  3. Operational efficiency: Demand for real-time settlement without asset movement

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FAQ: Understanding off-exchange settlements

Q: How does ClearLoop differ from traditional exchange trading?
A: Assets remain in Copper’s custody while trade execution happens on connected exchanges like OKX.

Q: What security measures does Copper provide?
A: Multi-signature wallets, institutional-grade infrastructure, and segregated accounts.

Q: Can retail investors use this service?
A: Currently designed for institutional clients meeting minimum asset thresholds.

Q: How does settlement timing compare to traditional methods?
A: Near-instant settlement versus typical 1-3 day withdrawal periods.

Market implications and future outlook

The OKX-Copper partnership signals maturation in crypto markets:

As regulatory frameworks evolve, expect more exchanges to integrate with specialized custody providers. This model mirrors traditional finance’s separation between brokerages and custodial banks.

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