Mahé, Seychelles – December 4, 2024 – BitMartone of the world’s leading cryptocurrency exchanges, is pleased to announce its collaboration with off-exchange settlement network Cobo SuperLoop. This integration provides improved fund security and trading efficiency for institutional users while strengthening BitMart’s position as a leading digital asset trading platform.
The integration of BitMart and Cobo SuperLoop provides significant benefits for institutional users:
● Seamless account linking: Cobo SuperLoop allows institutional users to seamlessly connect their BitMart accounts for efficient trading.
● Secure asset mirroring: User assets are secured off-exchange in Cobo SuperLoop, with 1:1 mirroring created in BitMart accounts for trading purposes, ensuring enhanced security and reliability.
● Reduced operational risk: Cobo SuperLoop minimizes operational risk by reducing the need for frequent asset transfers between different exchanges.
● Optimized capital efficiency: Cobo SuperLoop’s innovative mechanism improves capital utilization, allowing users to balance robust custody security and transactional convenience.
“We are excited to bring the innovative Cobo SuperLoop off-exchange settlement network to the BitMart platform,” said Victor Wei, Vice President of Institutional Clients at BitMart. “Cobo SuperLoop offers institutional users a more secure custody solution and trading and settlement services, fully aligned with our commitment to providing best-in-class service to our clients. We look forward to advancing the industry together through continued technological innovation.
Cobo SuperLoop is the world’s first off-exchange settlement network to achieve complete separation of trading, clearing, settlement and custody. Designed for institutional users, Cobo SuperLoop enables direct trading on supported exchanges while ensuring assets remain securely in Cobo’s custody. This innovation mitigates counterparty risks and significantly improves the security of user assets.
“SuperLoop represents a revolutionary innovation in off-exchange settlement,” said Dr. Changhao Jiang, Co-Founder and CTO of Cobo. “Our goal is to provide institutional clients with a fully integrated solution for trading and custody of digital assets. The partnership with BitMart reaffirms our commitment to enabling more users to benefit from improved fund security and capital efficiency when trading on exchanges.
This integration highlights BitMart’s commitment to providing institutional users with enhanced security and transparent trading through Cobo SuperLoop. By prioritizing asset protection and efficiency, BitMart strengthens its leading position as an exchange.
Visit www.bitmart.com Or www.cobo.com for more information.
About BitMart
BitMart is the world’s leading digital asset trading platform. With millions of users worldwide and ranked among the top crypto exchanges on CoinGecko, it currently offers over 1,500 trading pairs with competitive trading fees. Constantly evolving and growing, BitMart is interested in the potential of crypto to drive innovation and promote financial inclusion. For more information, visit www.bitmart.com.
About Cobo
Cobo is a trusted leader in digital asset custody and wallet infrastructure solutions. Founded in 2017 by blockchain pioneers, Cobo is trusted by more than 500 organizations worldwide, protecting billions of dollars in assets with an incident-free security history.
Today, Cobo provides the industry’s only unified digital asset wallet platform that integrates all 4 wallet technologies in one place: Custodial Wallets, MPC Wallets, Smart Contract Wallets, and Data Wallets. ‘exchange. By combining a comprehensive suite of portfolio solutions with advanced risk controls and developer tools, Cobo enables organizations and developers to innovate and scale with ease.
Visit www.cobo.com for more information.
