Exchanges

ZUBR integrates Copper’s ClearLoop Solution

Cryptocurrency derivatives platform, ZUBR, has integrated ClearLoop, a settlement tool from virtual currency custodian, Copper.

This integration will allow customers to settle digital currency transactions away from an exchange “within milliseconds”.

It will also provide another layer of security and efficiency for institutional traders who usually move their holdings from crypto exchanges to secure custodian services or cold wallets.

With the ClearLoop integration, both ZUBR and its clients will have assets allocated to cover any position submitted by a trader before it is opened. When the trade is closed, ClearLoop instantly settles fiat and crypto trades between the parties.

All assets which are under Copper’s client segregated custody or traded through ClearLoop are protected by award-winning multi-party computation (MPC) wallets. Copper’s clients are also covered by a full crypto crime insurance policy, provided by A+ rated insurers.

ZUBR received in-principle approval for its Distributed Ledger Technology (DLT) Provider licence (Gibraltar) in May 2020 and is expected to be in the first generation of European regulated cryptocurrency exchanges.

Ilgar Alekperov, CEO of ZUBR, said:“ZUBR puts user experience and security above all else – so integrating Copper’s ClearLoop was a natural and obvious next step as de-risking settlement and cutting down on delays will allow our users to push their capital even further.

“Our users already enjoy guaranteed microsecond connection speeds to our exchange. Now, with ClearLoop, we can offer market-leading settlement times too.”

Dmitry Tokarev, Founder and CEO of Copper, added: “At Copper, we committed to ensuring that all institutional crypto investors can store and trade cryptoassets efficiently and securely. ClearLoop is the culmination of years of work to make that commitment a reality, and brings us one step closer to making crypto mainstream.

“Integrating with ZUBR is a natural next step for the ClearLoop system. Our MPC-secured wallets ensure assets are protected throughout the entire life cycle of a trade. For institutions, this is not just a nice to have – it is essential.”

For more news, guides and cryptocurrency analysis, click here.

Oliver Knight

Londoner ‘Ollie’ graduated from Birmingham City University with a journalism degree in 2016. He combines his writing with his love of crypto and blockchain here at Coin Rivet, saying “It disrupts well-established institutions (banks) while giving an avenue to the less fortunate to achieve financial freedom.” Like all true Londoners, his pet hate is… “People standing on the left-hand side of the escalators on the Tube!”.

Disqus Comments Loading...

Recent Posts

The surge of Bitcoin NFTs: Everything you should know about Bitcoin ordinals

From digital art to real-estate assets, NFTs have become a significant attraction for investors who…

3 weeks ago

MEXC Partners with Aptos to Launch Events Featuring a 1.5 Million USDT Prize Pool

Singapore, Singapore, 21st October 2024, Chainwire

3 weeks ago