Coinbase, Coinbase, recently announced the latest integration of Clearloop of Copper, a leading platform for managing digital asset bonds. As part of this collaboration, Coinbase is integrating the Clearloop network to allow institutional users to access the non-exchange collateral management and the copper payments ecosystem. The platform revealed this notable development in a recent social media post shared on X.
Coinbase International Exchange is currently integrated with @copperhq Clearloop, allowing institutions to resolve non-exchange transactions. This collaboration increases security and increases operational efficiency with near-real-time payments.
Read more https://t.co/12qgesvmka pic.twitter.com/cb8bzbikwv– Coinbase International Exchange
Coinbase Announces Clearloop Integration to Enable Seamless Exchange Off Exchange Resolution
Coinbase aims to provide users with seamless access to non-copper exchange settlements and their collateral management forums by integrating copper Clearloop networks. In this respect, the platform improves capital efficiency while minimizing counterparty risk. At the same time, it leverages copper multi-party calculation (MPC) technology to enable users to securely store their digital assets. At the same time, they can also benefit from rapid payment speeds while using Coinbase International Exchange for Trading.
Separately, Clearloop allows institutional clients to delegate assets immediately. In this regard, apart from lower network fees, it is paralleled with improving capital efficiency and helping to protect against a variety of operational risks. This opens up a way to quickly adapt to changing market conditions for collateral agile management. Furthermore, Clearloop’s rapid payment cycle provides investors with the ability to resolve copper infrastructure transactions for efficient and secure collateral management.
Coinbase introduced Coinbase International Exchange in 2023 to enhance its status in the crypto derivatives ecosystem around the world. To this end, traders were able to access a permanent future. Today, the platform offers over 150 assets with comprehensive liquidity and 20x leverage. Expressing his enthusiasm for the development, Coinbase International Exchange CEO Marc Zeitooouni said the move demonstrates the company’s commitment to providing efficient infrastructure for institutions.
It promotes security and operational efficiency and parallels rapid settlement
Additionally, Copper’s global CEO Amar Kuchinard said the partnership is a milestone in establishing an effective digital asset industry. According to Coinbase, the integration will enhance security and increase operational efficiency through rapid payments. Thus, both copper and Coinbase seek to provide unparalleled institutional experience.
