PowerTrade Launches Custodial and Settlement Services for Institutional Clients in Partnership with Copper

Fazzaco learned that crypto derivatives exchange PowerTrade has launched custodial and settlement services for its institutional clients in partnership with Copper, a cryptocurrency custody firm that provides a secure infrastructure for the institutional digital asset investment community.

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According to the official press release, PowerTrade will use Copper's ClearLoop technology to enable institutions to trade on the exchange while maintaining assets off exchange in independent custody.

"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. 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," commented Mario Gomez Lozada, founder and CEO of PowerTrade.​