N Line With Tradfi Standards Superloop Mitigates Counterparty Risk And Ensures The Safety Of Clients 39 Assets By Allowing Asset Managers To Trade Directly On Exchanges While Maintaining Their Off Exchange Under Cobo 39s Secure Custody Is An Upgrade Loop Network News Today : Breaking News, Live Updates & Top Stories | Vimarsana
The partnership enables BitMart's institutional clients to trade on its exchange while maintaining full control of their funds using cutting-edge MPC-based co-managed custody. SINGAPORE, Feb. 9, 2023 /PRNewswire/ Cobo announced today that BitMart, the premium global digital asset trading platform, will be joining Cobo's SuperLoop, an off-exchange custodian and settlement network, ahead of its official launch. This partnership will enable BitMart's institutional clients to trade on its exchange while maintaining full control of their funds using cutting-edge MPC-based co-managed custody. SuperLoop, an off-exchange custodian and settlement network, enables the separation of trading from clearing, settlement and custody, in line with TradFi standards. SuperLoop mitigates counterparty risk and ensures the safety of clients' assets by allowing asset managers to trade directly on exchanges while maintaining their assets off-exchange under Cobo's secure custody. Cobo'