Crypto Trading Platform Bitget to Offer Off-Exchange Settlement With Copper’s ClearLoop

Digital assets safely held within Copper’s infrastructure can be simultaneously delegated to trade on Bitget.

AccessTimeIconMay 25, 2023 at 8:00 a.m. UTC

Crypto exchange Bitget will be partnering with custody firm Copper and joining the ClearLoop network, the company said in a statement Thursday.

Bitget’s integration with ClearLoop will allow institutional clients of both companies to hold digital assets within Copper’s infrastructure while at the same time delegating those assets to trade on the exchange. Client assets are deposited on Copper’s platform and then linked to a Bitget account.

“Institutional crypto investors are primarily seeking ways to safeguard their assets and optimize trading,” said Gracy Chen, managing director of Bitget.

“Bitget’s partnership with Copper exemplifies our ongoing efforts to boost confidence among institutional crypto users,” she added.

Bitget is the sixth exchange this year to join Copper’s ClearLoop network. Earlier this month crypto service provider Matrixport also said it was joining the platform.

The crypto exchange said last month that it had started a $100 million fund targeting Web3 startups as Asian countries build a framework for developing Web3.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Author placeholder image

Will Canny is CoinDesk's finance reporter.

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.