Le quotidien du futur de la finance depuis 2005 (Fintech, Blockchain, DeFi, IA)
              



ZUBR Strengthens Security and Efficiency with Copper’s ClearLoop


ZUBR, the cryptocurrency derivatives platform, has fully integrated ClearLoop, a settlement tool from London-based digital currency custodian, Copper – allowing clients to settle digital currency transactions off-exchange within milliseconds.



Having previously been rigorously stress-tested by Exact Pro, an internationally recognised specialist firm for quality assurance of exchanges, the integration of ClearLoop into ZUBR provides another layer of security and efficiency for institutional and sophisticated traders who usually move their holdings from crypto exchanges to secure custodian services or cold wallets. ClearLoop eliminates the settlement delay due to the blockchain network congestion and reduces settlement times, which can take anything up to an hour to complete.

With the ClearLoop integration, both ZUBR and its clients will have assets allocated to cover any position submitted by a trader before it is opened. When the trade is closed, ClearLoop instantly settles fiat and crypto trades between the parties. Clearloop also enables traders to move assets on to the ZUBR almost instantly, a huge benefit to traders employing high-frequency arbitrage strategies. This will allow ZUBR’s clients to react faster and optimise their use of capital.

ZUBR joins other exchanges such as Deribit, AAX, Bitfinex, CoinPass, Diversifi and Xena which have also integrated Copper’s CleapLoop.

All assets which are under Copper’s client segregated custody or traded through ClearLoop are protected by award-winning multi-party computation (MPC) wallets. Copper’s clients are also covered by a full crypto crime insurance policy, provided by A+ rated insurers and tailormade for digital assets.

ZUBR has earlier enhanced its compliance and due diligence measures using tools such as risk scoring and transaction tracking through the Crystal Blockchain platform, analytics and investigative division of Bitfury designed to bolster due diligence and track bad actors in the blockchain space.

Since March 2020, Crystal’s database considers wallets managed by ZUBR exchange to have a "Trusted Exchange” label, meaning that this entity is running Anti-Money Laundering (AML) and Know Your Customer (KYC) checks on all onboarded customers according to the Financial Action Task Force and the European Union’s 5th Anti-Money Laundering Directive (AMLD5) recommendations for digital asset businesses.

ZUBR received in-principle approval for its Distributed Ledger Technology (DLT) Provider licence (Gibraltar) in May 2020 and is expected to be in the first generation of European regulated cryptocurrency exchanges.

Ilgar Alekperov, CEO of ZUBR, said: “ZUBR puts user experience and security above all else – so integrating Copper’s ClearLoop was a natural and obvious next step as de-risking settlement and cutting down on delays will allow our users to push their capital even further.

“Our users already enjoy guaranteed microsecond connection speeds to our exchange. Now, with ClearLoop, we can offer market-leading settlement times too.

“We have already strengthened our platform with tools such as the Crystal Blockchain platform and are also pursuing other certification to verify the trust and security of the platform. With ClearLoop, we are taking digital arbitrage to the next level with the most highly secure trading environment for our clients.”

Dmitry Tokarev, Founder and CEO of Copper, said:
“At Copper, we committed to ensuring that all institutional crypto investors can store and trade cryptoassets efficiently and securely. ClearLoop is the culmination of years of work to make that commitment a reality, and brings us one step closer to making crypto mainstream.

“Integrating with ZUBR is a natural next step for the ClearLoop system. Our MPC-secured wallets ensure assets are protected throughout the entire life cycle of a trade. For institutions, this is not just a nice to have – it is essential.”

About ZUBR
ZUBR is a crypto derivatives platform launched in March 2020. It is aimed at trading participants with increased requirements for the stability and speed of the exchange, regardless of the market activity.
With the values of the traditional financial services industry, combined with the latest breakthrough technology, ZUBR leads the way in evolving the crypto derivatives trading industry into a regulated and truly professional environment, which encourages every party to be its best. This means opposing unfair maker/taker pricing models, offering free professional trading tools, and presenting sensible leverage options.
With speed and security at its core, ZUBR’s mission is to provide a robust, industry-grade service for demanding and technologically advanced market players seeking a fair and reliable gateway to digital assets.
ZUBR received an in-principle approval for its DLT Provider licence (Gibraltar) in May 2020.
As well as providing its service to professional traders, ZUBR frequently conducts market research for all investor types. You can find its previous research papers in blog here or Medium.
https://zubr.io


No Offer, Solicitation, Investment Advice, or Recommendations

This website is for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation for any security, nor does it constitute an offer to provide investment advisory or other services by FINYEAR.
No reference to any specific security constitutes a recommendation to buy, sell or hold that security or any other security.
Nothing on this website shall be considered a solicitation or offer to buy or sell any security, future, option or other financial instrument or to offer or provide any investment advice or service to any person in any jurisdiction.
Nothing contained on the website constitutes investment advice or offers any opinion with respect to the suitability of any security, and the views expressed on this website should not be taken as advice to buy, sell or hold any security. In preparing the information contained in this website, we have not taken into account the investment needs, objectives and financial circumstances of any particular investor.
This information has no regard to the specific investment objectives, financial situation and particular needs of any specific recipient of this information and investments discussed may not be suitable for all investors.
Any views expressed on this website by us were prepared based upon the information available to us at the time such views were written. Changed or additional information could cause such views to change.
All information is subject to possible correction. Information may quickly become unreliable for various reasons, including changes in market conditions or economic circumstances.



Mardi 3 Novembre 2020
Notez


Nouveau commentaire :
Twitter

Your email address will not be published. Required fields are marked *
Votre adresse de messagerie ne sera pas publiée. Les champs obligatoires sont indiqués avec *

Finyear: latest news, derniers articles


Newsletter quotidienne gratuite


Le marché des cryptos





Finyear - Daily News