Bitget and ClearLoop Partner to Offer Custody and Delegation Services
Institutional cryptocurrency exchange Bitget has announced a partnership with ClearLoop, a liquidity management platform for crypto asset trading, to offer custody and delegation services to their joint clients. The integration between the two companies will enable institutional clients to hold digital assets in Copper’s infrastructure and delegate those assets to trade on Bitget’s exchange.
“We are excited about the collaboration with ClearLoop as it enables us to offer a seamless experience for our institutional clients while maintaining the highest level of security for their digital assets,” said a Bitget spokesperson.
ClearLoop’s unique feature is that it creates a trading loop that allows for the efficient management of liquidity across multiple cryptocurrency exchanges. Bitget’s integration with ClearLoop will simplify the process for its institutional clients to trade digital assets on its exchange while ensuring the security of their assets.
As part of this partnership, client assets will be deposited on Copper’s platform and then linked to a Bitget account, providing a complete end-to-end solution for institutional clients to manage their digital assets.
According to CoinMarketCap, Bitget currently has a 24-hour trading volume of approximately $1.5 billion. It is among the top 10 cryptocurrency exchanges in the world by trading volume.
With the growing demand for institutional cryptocurrency trading, partnerships like this one between Bitget and ClearLoop will continue to offer innovative solutions for the management and safekeeping of digital assets.