Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the updraftplus domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6114

Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the hustle domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6114

Warning: Cannot modify header information - headers already sent by (output started at /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php:6114) in /home/aonyeani76/cryptocurrencypanther/wp-includes/rest-api/class-wp-rest-server.php on line 1893

Warning: Cannot modify header information - headers already sent by (output started at /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php:6114) in /home/aonyeani76/cryptocurrencypanther/wp-includes/rest-api/class-wp-rest-server.php on line 1893

Warning: Cannot modify header information - headers already sent by (output started at /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php:6114) in /home/aonyeani76/cryptocurrencypanther/wp-includes/rest-api/class-wp-rest-server.php on line 1893

Warning: Cannot modify header information - headers already sent by (output started at /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php:6114) in /home/aonyeani76/cryptocurrencypanther/wp-includes/rest-api/class-wp-rest-server.php on line 1893

Warning: Cannot modify header information - headers already sent by (output started at /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php:6114) in /home/aonyeani76/cryptocurrencypanther/wp-includes/rest-api/class-wp-rest-server.php on line 1893

Warning: Cannot modify header information - headers already sent by (output started at /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php:6114) in /home/aonyeani76/cryptocurrencypanther/wp-includes/rest-api/class-wp-rest-server.php on line 1893

Warning: Cannot modify header information - headers already sent by (output started at /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php:6114) in /home/aonyeani76/cryptocurrencypanther/wp-includes/rest-api/class-wp-rest-server.php on line 1893

Warning: Cannot modify header information - headers already sent by (output started at /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php:6114) in /home/aonyeani76/cryptocurrencypanther/wp-includes/rest-api/class-wp-rest-server.php on line 1893
{"id":526,"date":"2021-07-19T16:49:14","date_gmt":"2021-07-19T16:49:14","guid":{"rendered":"https:\/\/www.cryptocurrencypanther.com\/2021\/07\/19\/ftx-crypto-exchanges-new-partnership-give-300-institutions-access-to-crypto\/"},"modified":"2021-07-19T16:49:14","modified_gmt":"2021-07-19T16:49:14","slug":"ftx-crypto-exchanges-new-partnership-give-300-institutions-access-to-crypto","status":"publish","type":"post","link":"https:\/\/cryptocurrencypanther.com\/2021\/07\/19\/ftx-crypto-exchanges-new-partnership-give-300-institutions-access-to-crypto\/","title":{"rendered":"FTX Crypto Exchange’s New Partnership Give 300+ Institutions Access to Crypto"},"content":{"rendered":"


\n<\/p>\n

\n
\n
\n

Another cryptocurrency exchange to engage with institutional adoption as FTX\u00a0 signs a partnership with Copper.co ClearLoop settlement trading network. The partnership will provide access to FTX\u2019s crypto products to over 300 institutions<\/a> under Copper. co. Copper\u2019s platform provides custody, prime brokerage, and settlement services for over 40 exchanges and 250 digital assets.<\/span><\/p>\n

FTX<\/a> will be Copper.co ClearLoop\u2019s largest crypto exchange partnership with over 1 million registered users of FTX, comprising of institutional traders as well as family offices. FTX was recently in the news for managing over $600 billion in trade and exchange during May. <\/span><\/p>\n

Institutions under Copper. co will benefit from the FTX partnership, as they now have a gateway to trade FTX crypto products in form of derivatives, options, and tokenized stocks, while their funds remain protected under\u00a0 Copper. co ClearLoop\u2019s custody.<\/span><\/p>\n

FTX Continues its Partnership Spree<\/h2>\n

FTX\u2019s founder and chief executive officer, Sam Bankman-Fried shared that institutions have been demanding custodian services before getting involved in cryptocurrency trade and exchange. However, he also mentioned that there is no certainty of these organization\u2019s mindsets about the crypto sphere, and preserving crypto assets under custodian protection might just be a backup plan. Nevertheless, it is a big step towards making the crypto market more regulated and involved in routine lives.<\/span><\/p>\n

\n

\u201c<\/i><\/b>Using a custodian is something we\u2019ve been hearing again and again\u2026A lot of people are going to want to use some sort of custodial network\u2026I don\u2019t think anyone knows for sure what is going to end up mattering the most for institutions.\u201d, Sam Bankman-Fried, FTX\u2019s founder and chief executive officer, told Bloomberg<\/a>.<\/p>\n<\/blockquote>\n

Institutional adoption<\/a> plays a major role in the expansion of cryptocurrencies into routine use. Business tycoons like Paul Tudor<\/a> Jones, Stan Druckenmiller, Bill Miller, and Anthony Scaramucci have been seen gravitating towards crypto investments. However, the volatile nature and higher risk of breaches keep institutional giants off the crypto market. <\/span><\/p>\n

FTX and Copper partnership may change the face of this former dilemma and lead to a drastic institutional shift towards the crypto market.<\/span><\/p>\n

\n

\u201cOur clients are some of the largest hedge funds in the world\u2026For these guys, this is the Holy Grail.\u201d, founder and CEO of Copper, Dmitry Tokarev told Bloomberg<\/a>.<\/p>\n<\/blockquote>\n

\n

Disclaimer<\/span><\/p>\n

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div>\n

\n

About Author<\/span><\/p>\n

\n
\n
\n

Journalism & Mass Comm. \u201821 graduate, Palak is a GenZ journalist with background in Lifestyle journalism & PR. At CoinGape, Palak is a junior crypto journalist preparing for Web 3.0 <\/p>\n<\/div>\n

\n\"\"