Cryptocurrency exchange and digital asset trading platform Bitget has announced a cooperation with London-based custodial service Copper. It will allow the trading platform to become part of the ClearLoop network.
The integration of Bitget and ClearLoop gives institutional clients of both firms the ability to store digital assets in Copper's infrastructure while allowing them to delegate those funds for trading on Bitget, the organisation said. The process involves depositing a customer's cryptocurrencies into Copper's system and then connecting them to a Bitget account.
Gracie Chen, managing director of Bitget, said:
"Institutional crypto-investors are looking for various means to protect their digital resources and improve trading. That's why we felt it was appropriate to combine our efforts."
Furthermore, she added:
"Bringing Bitget and Copper together expresses an ongoing effort by both parties to increase trust among institutional cryptocurrency users."
In 2023, Bitget became the 6th major cryptocurrency exchange to integrate with Copper and join the Clear Loop network. Matrixport recently said it will also integrate with the platform.
In April 2023, Bitget revealed its plans to launch a $100 million Web3 Technology Development Fund. It was created as part of the company's latest approach to development and is designed to help startups thrive in the Asian region.
Bitget have confirmed that the Fund will be established as part of their latest development plan. The Bitget Web3 Fund will seek venture capitalists and invest in crypto startups. By early April 2023, Foresight Ventures, Dragonfly Capital, DAO Maker and others had indicated their interest in collaborating.