Crypto Custody: BitGo Copper Enable Off-Exchange Settlement

BitGo and Copper Offer Off-Exchange Settlement for Deribit Traders

• BitGo and Copper provide off-exchange settlement for Deribit users.
• Assets are secured in qualified custody with BitGo Trust.
• The partnership allows spot and derivatives trading on Deribit.
• Delivery versus payment (DvP) enables atomic swaps without on-chain transfers.
• No fees are charged for DvP settlements from cold storage.
• The partnership was established two years ago to enhance asset security.

Clients of BitGo and Copper can now trade on Deribit with assets secured off-exchange, leveraging Copper ClearLoop and the Go Network for automatic settlements. This collaboration aims to reduce risks associated with leaving assets on exchanges.