Revolutionizing Crypto Security: BitGo & Copper’s Secure Settlement for Deribit Traders

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BitcoinWorld 1d ago

Revolutionizing Crypto Security: BitGo & Copper’s Secure Settlement for Deribit Traders - BitcoinWorld

Quick Summary:

Custody Setup: Traders establish accounts with either BitGo Trust or utilize Copper’s ClearLoop network to securely hold their cryptocurrency assets.

This demand has spurred innovation in the custody space, leading to solutions like the BitGo and Copper partnership with Deribit.

Assets are held in regulated, institutional-grade custody solutions (BitGo Trust or Copper), significantly reducing exchange counterparty risk and vulnerability to exchange hacks.