Crypto Trading Made Safe with Off-Exchange Settlements

Crypto Trading Secured with Off-Exchange Settlements

Traders on Deribit can now enjoy added security with their trades, thanks to a collaboration between cryptocurrency custodian BitGo and Copper, renowned for their ClearLoop settlement system. The two companies have announced a new off-exchange settlement solution.

This new arrangement ensures that both spot and derivatives trading on Deribit are securely managed. BitGo Trust provides custody for the assets, ensuring they remain secure off-exchange. Meanwhile, Copper's ClearLoop system, in conjunction with the Go Network, facilitates automatic settlements.

This innovative setup aims to offer traders peace of mind, knowing their transactions are both secure and efficiently managed. The initiative reflects growing developments in the cryptocurrency landscape, focusing on safety and reliability for digital transactions.