Copper.Co, a London headquartered financial service provider recently revealed its partnership with Chicago based liquidity service provider DV Chain.
As per the official statement made by the firm, this partnership between the two parties is aimed at improving the former’s liquidity pool available for its institutional clients.
Copper.Co is well known for its institutional custody and prime brokerage services and with this latest partnership, the firm’s clients gain an instant, secure access to DV Chain made available via its prime brokerage infrastructure in copper’s trading platform.
Copper’s Walled Garden and prime brokerage infrastructure is spread across nearly 96% of global crypto liquidity market and is said to handle transactions worth more than 500 Million GBP per month and this figure is expected to grow further given owing to this deal. This news comes shortly after recent headlines which revealed that XinFin- trade finance blockchain solution has selected Copper.Co to provide institutional custody solutions.
Having pioneered multi-signature security for a wide range of digital assets in 2018 and its capabilities in hot and cold wallet solutions, Copper will now provide XinFin & TradeFinex’s intuitional and crypto hedge fund customers ability to use its custody service via integration of its API to XDCe.
The custody service provider also revealed its successful Series A funding round in which it managed to raise nearly 8 Million USD from investors such as Target Global, MMC Ventures and Local Globe in an official announcement earlier this week.
DV Chain is an affiliate of Chicago-based proprietary trading firm DV Trading and is well known for its OTC trading service made available via voice, API& web portal for institutional buyers and sellers of crypto assets. The firm also provides fully integrated market-making service for institutional clients and exchanges.
Commenting on their partnership, Garrett See, CEO & Co-Founder of DV Chain said, “The team at Copper has built an industry-leading platform that enables institutions to transact cryptocurrencies in a secure and seamless manner. DV Chain is proud to be partnering with Copper to allow Copper’s clients to tap into our world-class liquidity”.
Speaking on the same topic, Dmitry Tokarev – Chief Executive Officer and Found of Copper.Co said, “DV Chain is a fine example of a liquidity provider that truly wishes to provide the best for its institutional clients. Copper is proud to help them in this endeavor. Our prime brokerage infrastructure brings the efficacy of traditional trading into the digital asset space and allows investors and traders to have complete security whilst being able to implement a variety of investment strategies”,
He further added: “This venture funding round is a real vote of confidence from investors. Their support will allow us to accelerate our scale-up, hiring teams in key regions and introducing new products and services to better meet their needs” in reference to their successful funding round.