Crypto firms Bitgo Trust Company, Inc. and Copper have launched a trading model allowing clients to execute spot and derivatives trades on Deribit while assets remain in off-exchange custody, the two companies announced Feb. 20.
Bitgo and Copper Introduce Off-Exchange Settlement Model With Deribit Integration
This article was published more than a year ago. Some information may no longer be current.
WRITTEN BY
SHARE
New Trading Solution Combines Bitgo Custody, Copper Settlement for Deribit Trades
The solution enables investors to trade on Deribit, a leading cryptocurrency derivatives exchange, while digital assets are held in qualified custody with Bitgo Trust Company, a regulated custodian. The announcement on Thursday said trades are automatically settled using Copper’s Clearloop and Bitgo’s Go Network infrastructure, eliminating the need to prefund exchange accounts.
The firms say the partnership addresses industry challenges around balancing liquidity access with security. By keeping assets off-exchange, the model reduces counterparty risk and operational delays linked to traditional settlement processes. Bitgo and Copper claim the integration streamlines capital efficiency, as investors can deploy assets across multiple venues without transferring funds.
Deribit, known for options and futures trading, becomes the latest platform accessible via Go Network. Investors can now execute strategies on Deribit while maintaining custody through Bitgo. Copper’s Clearloop, which supports $50 billion in monthly settlements, handles the automated post-trade processes.
Brett Reeves, Bitgo’s Head of Go Network, stated the collaboration reflects a “new standard for trading” by merging custody and settlement security. Copper’s Strategic Alliances Director, Ben Lorente, emphasized the focus on interoperability to drive institutional adoption. Deribit CEO Luuk Strijers called the integration a “significant step forward” for market efficiency.
