PowerTrade will leverage Copper.co’s ClearLoop which enables institutions to trade while maintaining assets in independent custody.
Copper.co provides a gateway into the crypto asset space for institutional investors by offering custody, trading, and settlement solutions.
Sabrina Wilson was most recently Managing Director – Global co-Head of Futures, OTC Clearing and FX Prime Brokerage at Citi.
Copper.co said the additional funding signals the growing interest and endorsement from the traditional finance sector in cryptoassets.
Copper.co will use the funds to expand in the US and Asia, with plans to open at least two new regional offices.
ClearLoop ensures that both client and exchange have enough assets allocated to cover any position submitted by a trader before it is opened.
Copper.co is one of a new generation of companies transforming how institutional investors engage with digital assets.