FTX has inked a deal with Copper that could enable access to crypto trading products for over 300 institutional asset managers via the ClearLoop settlement platform.
FTX has become the latest crypto exchange service to join ClearLoop — an instant trading settlement infrastructure from Brevan Howard-backed Copper.co.As part of the integration, Copper’s over 300 institutional asset managers will be able to access FTX crypto offerings such as cryptocurrency futures, options, volatility markets, as well as tokenized stocks among others.At over one million registered users and more than $600 billion in trading volume per month, FTX is the largest crypto exchange to join the ClearLoop platform, according to the Copper announcement on Tuesday.With Deribit and Bitfinex also part of ClearLoop, Copper’s institutional clients can now move funds among the largest crypto options, spot and derivatives exchanges in the market.According to Copper, ClearLoop offers secure crypto trading via an offline custody solution with asset managers able to trade fund balances on exchange platforms.