PowerTrade, a fast-growing crypto derivatives exchange focused on options, has partnered with Copper.co, leading provider of institutional digital asset custody and trading solutions, to offer custodial and settlement services for its institutional clients.
PowerTrade will leverage Copper.co’s pioneering ClearLoop technology that enables institutions to deploy capital on the exchange and trade immediately while maintaining their assets off-exchange in independent custody.
The crypto exchange has features such as cash-settled (USD) options, RFQ with no minimums and multi-leg structures. PowerTrade is a one-stop-shop for institutional-grade derivatives trading, and Copper.co will allow its clients to unlock higher allocations, minimise counterparty risk and achieve greater capital efficiency.
“Copper’s ClearLoop brings institutional grade clearing and settlement to PowerTrade in line with TradFi standards. Under this model PowerTrade does not custody our client’s assets, which will result in vastly improved controls when it comes to segregation of assets, settlements, and funds management. We are very excited to bring this service to our clients on PowerTrade.” said Mario Gomez Lozada, founder and CEO of PowerTrade. “PowerTrade’s mission continues to focus on accelerating the adoption of crypto options by delivering a world-class user-experience. Today’s announcement helps accelerate that mission by offering our clients this best-in-class custody solution.”
“PowerTrade’s full derivatives suite is very important for our institutional clients in search of diversifying their concentration risk by connecting to alternate trading venues,” said Michael Roberts, Head of Prime, Copper.co. “We are excited to be part of PowerTrade’s goal of accelerating crypto options adoption by offering institutions a seamless onboarding experience”.
Over 500 institutions already custody their crypto assets with Copper, which now supports more than 500 different tokens.
PowerTrade is a fast-growing crypto derivatives exchange specializing in European-style cash-settled (USD) options. The exchange offers a full derivatives suite that includes options, futures, linear perpetuals and spot. PowerTrade offers multi-leg strategies and RFQ with no minimums. Professional grade SPAN/ portfolio margin is enabled by default and the exchange supports multi-collateral margin. The exchange tech is designed from the ground up with institutions in mind, based on traditional finance low-latency technologies, FIX, Rest, and streaming WebSocket APIs, setting a new standard for the industry.
Founded in 2018, Copper provides a gateway into the crypto-asset space for institutional investors by offering custody, trading, and settlement solutions across 500 crypto-assets and more than 45 exchanges. It is committed to providing flexible solutions for institutional investors that can adapt to the changing crypto asset space while enabling far greater transparency and control for asset managers.
Copper’s fully integrated products are unique in the crypto-asset space. Underpinned by multi-award-winning custody, Copper has built the comprehensive and secure suite of tools and services required to safely acquire, trade, and store cryptocurrencies.
At the core of Copper’s infrastructure is ClearLoop, a framework that connects the universe of exchanges in one secure trading loop — with real-time settlement across multiple networks. Integrated with market-leading crypto exchanges, ClearLoop has already transformed how institutional investors can engage in the crypto asset space since it was launched in May 2020.