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Coinbase International Site Opens OTC Settlement Services for Institutional Clients

Summary: Coinbase International site has announced integration with ClearLoop network to offer over-the-counter settlement services for institutional clients. This service not only supports institutions in managing crypto collateral, but also settles trades almost in real-time without the need to transfer funds to exchanges, aiming to reduce counterparty risk and improve capital efficiency. Currently, the service only ...

Coinbase International site has announced integration with ClearLoop network to offer over-the-counter settlement services for institutional clients. This service not only supports institutions in managing crypto collateral, but also settles trades almost in real-time without the need to transfer funds to exchanges, aiming to reduce counterparty risk and improve capital efficiency. Currently, the service only supports USDC, but plans to support additional collateral assets in the near future.

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