Cooper, a UK-based custodian for digital assets, announced on Wednesday it has hit $500 million in transactions since its launch three months ago. Founded in 2018, Copper has developed a secure platform to facilitate investors who require dedicated account management and professional custody and execution services.
“We believe the cryptocurrency industry should be available and accessible to everyone. But a lack of reliable custody and execution services has left many institutional investors locked out of the market.”
Cooper also reported that it has already provided digital asset safeguarding for multiple funds and investors operating a full range of investment strategies. Now, clients such as GSR are taking full-advantage of Cooper’s multi-account, multi-currency trading platform, and T-0 settlement solution. Speaking about the latest milestone, Dmitry Tokarev, Founder and CEO of Cooper, stated:
“Although we expected to see a gradual uptake in execution and settlement volumes across our clients, it’s really heartening to see such a rapid increase in engagement. Not only are we trusted by investors and funds to hold millions of dollars’ worth of their assets and facilitate their high-volume trading needs – but our proven T-0 settlement time allow our customers to work their capital harder and potentially increase profit.”
Tokarev went on to add:
“We are working on other unique services which will give our institutional customers additional tools to engage with the digital asset markets which we expect to go live in Q4.”