Recently, Huobi announced the Huobi and Copper Partnership on its social media account! The Huobi and Copper partnership will enable institutional clients of the two firms to transfer their assets under Copper’s trustworthiness, allowing them to transfer capital to trade on Huobi.
Huobi and Copper Partnership
Huobi, the 13th largest cryptocurrency exchange in the world, has signed a memorandum of understanding (MoU) with Copper, a cryptocurrency custody and trading solutions provider, to reduce counterparty risks. This enables both firms to join the ClearLoop network, facilitating the seamless transfer of funds to centralized exchanges even without on-chain transactions.
Copper CEO Dmitry Tokarev, about Houbi and Copper Partnership, said: “buttressed the need for digital assets custodsnxbbxbxy platforms to collaborate with exchanges towards effectively addressing counterparty risks and others. The growing number of exchanges joining ClearLoop is a testament to the willingness to solve these issues together.”
ClearLoop
In January, Bybit tapped Copper’s ClearLoop solution to secure custodial services for institutional investors, according to some sources.
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