Huobi, a leading global cryptocurrency exchange, has signed a Memorandum of Understanding (MOU) with CopperHQ, a digital asset custody and trading solutions company. The two firms have agreed to collaborate and join forces to provide enhanced asset protection for their users.
As part of this collaboration, Huobi plans to join Copper’s ClearLoop network, which is a platform for digital asset settlement and custody. The ClearLoop network is designed to provide seamless and secure transactions for institutional investors, exchanges, and custodians.
Through this partnership, Huobi and Copper aim to leverage their respective strengths in the digital asset market to provide users with a safe and enjoyable trading experience. Huobi is known for its comprehensive security measures, which include multi-factor authentication, encryption, and cold storage for user funds. Copper, on the other hand, is a leading provider of institutional-grade custody solutions, with a focus on security and risk management.
The joint effort between Huobi and Copper is expected to provide a seamless and secure trading experience for users. This will be achieved through the integration of Huobi’s robust security measures with Copper’s advanced custody solutions.
Speaking about the collaboration, Ciara Sun, Vice President of Global Business at Huobi Group, said, “We are excited to partner with Copper, a leading digital asset custody and trading solutions company, to provide our users with enhanced asset protection. This partnership is in line with our commitment to providing our users with the highest level of security and reliability.”
Dmitry Tokarev, CEO of CopperHQ, also commented on the partnership, stating, “We are delighted to be working with Huobi, one of the world’s leading cryptocurrency exchanges. Our partnership with Huobi will allow us to offer our institutional clients the ability to transact with Huobi in a seamless and secure way.”
The collaboration between Huobi and Copper comes at a time when digital asset markets are experiencing significant growth and adoption. As more institutional investors and traders enter the market, the need for secure and reliable custody solutions is becoming increasingly important. With their joint effort, Huobi and Copper aim to provide a safe and enjoyable trading experience for all their users.
