Following the situation where many traders’ funds were left stranded on the collapsed crypto exchange FTX, there has been a movement towards exploring alternative structures, such as in-custody settlement networks. Copper’s off-exchange network offers connectivity to OKX, Bybit, Deribit, BIT, Gate.io, Bitfinex, Bitget, and PowerTrade for hundreds of institutional customers. According to a recent press release, Bitstamp and Bitmart are set to join the network soon.
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