- Copper has obtained a TCSP license in Hong Kong
- It opens the way for operations in the Asia-Pacific region
- ClearLoop has become the largest global network for off-exchange settlements
- Kraken MTF recently joined the ClearLoop network
Hong Kong is not only actively accumulating Bitcoin but also promoting crypto regulation.
A crypto custody firm, Copper, obtained a Trust or Company Service Provider (TCSP) License in Hong Kong, which gives it a wide range of legal opportunities to operate in the Asia-Pacific region, such as providing trust and corporate services to government and commercial institutions.
Also, their ClearLoop network, which allows clients to manage collateral and settle trades on multiple exchanges, has become the largest global network. Recently, Kraken MTF, Kraken’s derivatives trading unit, joined it, which could be a very promising collaboration.
Copper’s receipt of the Copper TCSP license has greatly strengthened its position in the context of international regulatory compliance. Its network ClearLoop’s achievements as the largest and the joining of Kraken MTF have strengthened its strategic options for further global expansion.
Let’s see its growth and probable new collaborations to understand how big it can become.
