Deribit

Two prominent crypto service providers, Bitgo Trust Company, Inc. and Copper, have announced a new partnership to create an off-exchange settlement model that will allow clients to trade on both the spot and derivatives markets at Deribit while their assets remain in off-exchange custody. The launch of the solution, which took place on February 20, marks an innovative development in the digital finance industry.
The new solution offered combines the ability to manage trades between Bitgo and Copper, allowing investors to trade on Deribit’s platform without having to move assets to other, more risky locations. Off-site settlement provides security and convenience, while preventing potential attacks from stealing assets during trading hours.
Deribit has been recognized as a leading derivatives trading platform, especially in the bitcoin and ethereum futures and options segments. This collaboration will allow Bitgo and Copper to offer products that meet the needs of professional investors who seek feasible risk management strategies. They will be able to fully utilize Bitgo’s expertise in digital asset management and Copper’s expertise in payments.
The off-site settlement model also helps to avoid customers having to deal with stricter payment regulations, especially during volatile times in the crypto market, which has been important for investors who have been trading more frequently in recent years. The company reports that this will lead to increased trading efficiency and reduced operating costs.
In addition, the new service offered by both companies also features real-time transaction recording, which allows investors to see the status of their assets immediately, without having to worry about errors that may occur when sending assets elsewhere. Supporting trading without moving assets opens the door for investors who want stability and control over their assets.
The launch of this solution comes in response to the rapid growth of the digital asset market, with more investors turning to this niche asset. The number of Deribit platform users continues to grow, demonstrating the high demand for timely and secure access to the service.
From the market perspective, the merger between Bitgo and Copper could be a good thing in terms of setting a new trading standard in the digital asset industry. Investors are likely to turn to this service to increase their chances of profiting from market movements.
This kind of development in the crypto industry is necessary as market players demand flexibility and security in their transactions. With the new models developed, it will help close the risk management gap and provide more confidence to investors who are hungry for advancement and interested in new technologies, ensuring that the future of the digital asset market will continue to expand with this fast-growing trend.

#Deribit

Deribit has announced the launch of Hashnote’s US Yield Coin (USYC) as a new yield-generating cross-collateral option. USYC, an ERC-20 token backed by reverse repurchase agreements for US Government Securities, offers traders a stable and flexible collateral option that generates daily returns.
Assets are secured in a segregated account at the Bank of New York Mellon, ensuring compliance with CFTC and CIMA regulations.