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Bybit Aims to Provide Higher Levels of Excellence & Commitment Through Partnership with Copper.co

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Source: Provided to WOB

Bybit, the world’s third most visited crypto exchange, has announced a partnership with Copper.co, a leading provider of institutional digital asset custody and trading solutions, to offer custodial and settlement services for Bybit’s institutional clients via Copper’s market-leading ClearLoop service. Subject to contract, Bybit expects to integrate into the ClearLoop service in Q1 2023.

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The collaboration allows Bybit’s institutional clients to deploy capital and trade immediately on Bybit, while maintaining their assets off—exchange in independent custody using Copper’s pioneering ClearLoop technology.

It also enables Bybit clients to increase allocations, mitigate counterparty risk, and optimize capital efficiency.

Bybit’s move anticipates rising demand for a variety of asset custody and custodial service options to satisfy an increasingly demanding clientele and signals a renewed focus on higher net-worth individuals and institutional clients.

“Our aim is to ensure maximum trust and flexibility for our clients, and provide the reassurance institutions and sophisticated investors demand and expect,” said Ben Zhou, co-founder and CEO at Bybit. “This partnership with Copper is a perfect example of how we continue to listen to our customers, care about their concerns, and improve our services and partnerships to provide even higher levels of excellence and commitment.”

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Dmitry Tokarev, CEO at Copper

Dmitry Tokarev, CEO at Copper, commented: “Recent events demonstrate that crypto market structure needs to evolve to mirror traditional finance and a key element of this is the off-exchange settlement. We’re excited to join forces with Bybit, who share our commitment to asset security, user experience and setting higher standards for the crypto industry to reach its full growth potential.”

The partnership with Copper is the latest in a series of strengthened compliance, security and custodial enhancements and support from Bybit: it recently announced a $100m support fund for institutional investors, launched its own proprietary Web3 wallet, and enhanced its compliance and AML infrastructure.

Find out more about Bybit or create an account and start investing on their website now!

 

Also read: Bybit Users Can Now Make the Most of Their Capital With New Loans

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Source: FinTech



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