Coinbase unlocks off-exchange settlement for institutions amid ‘high’ demand

Coinbase has partnered with Copper to offer off-exchange settlement via ClearLoop, aiming to meet growing institutional demand for secure crypto trading.

Coinbase International Exchange has integrated with Copper’s ClearLoop network to offer institutional clients access to off-exchange settlement amid “high” demand for more efficient and secure trading infrastructure.

The collaboration, announced Thursday, allows institutions to manage collateral and settle trades in near real-time without moving funds onto the exchange, according to a press release shared with Cointelegraph.

The move aims to reduce counterparty risk and boost capital efficiency, two major concerns for institutional crypto participants operating at scale. Ethena, a stablecoin protocol known for its role in hedging USDe, has been named a day-one launch partner for the integration.

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