Copper today announced a partnership with FalconX to integrate ClearLoop into FalconX’s Direct Market Access (DMA) product offering both FalconX proprietary assets and those of underlying institutional clients.
The integration offers the advanced protections of ClearLoop across ByBit, with Copper’s infrastructure serving as custodian and collateral manager for FalconX’s client and proprietary assets.
ClearLoop now enables FalconX clients to manage collateral and settle trades in near real-time. This partnership underscores the commitment to security, transparency, and efficiency of Copper’s innovative ClearLoop off-exchange settlement functionality, which provides robust protections against exchange insolvency and compromise. ClearLoop is a unique part of Copper Network, providing access to a large network of centralized exchanges where clients can mitigate counterparty risk with trading and settlement whilst simultaneously enhancing capital efficiency. All transactions from trading and settlements to staking, borrowing and lending take place seamlessly from Copper’s secure MPC custody.
FalconX aims to elevate the overall trading experience for institutions by promoting a safer, more efficient, and flexible crypto trading landscape. Through this partnership, FalconX clients gain the ability to access centralized exchange liquidity via ClearLoop and mitigate exchange counterparty and insolvency risk through an institutional-grade interface.
FalconX’s Direct Market Access offers institutional clients a streamlined, secure, and scalable way to access centralized exchange liquidity through a single platform, with up to 5x leverage, unified risk management, and real-time settlement transparency. The combined capital efficiencies of ClearLoop and FalconX give clients the ability to cross-margin over multiple venues extracting value from trades while netting risk across multiple exchanges.
Nello Cafcules, Head of Strategic Partnerships at FalconX commented: “We are excited to partner with Copper to further strengthen our off-exchange settlement infrastructure. Their expertise in secure custody and settlement aligns with our commitment to reducing counterparty risk and building a safer, more capital-efficient market structure for our clients.”
“This integration with FalconX enables institutional clients to access Copper’s ClearLoop network and MPC custody while significantly reducing counterparty risk,” said Adam VandenBoogaard, Head of Revenue – Americas at Copper. “By combining FalconX’s execution and credit infrastructure with our off-exchange settlement network, we’re helping bring the security and capital efficiency of traditional market structure to digital assets.”
This milestone collaboration highlights the industry's ability to work together while upholding the open ethos of blockchain—a core principle that fosters accessibility and innovation in digital finance delivering institutional-grade solutions that bridge the gap between traditional finance and crypto.