Falconx Expands Prime Connect Product with Integration with Copper’s Clearloop Network
Falconx has announced the expansion of its Prime Connect product through an integration with Copper’s Clearloop network, enhancing off-exchange settlement capabilities for its Direct Market Access (DMA) clients trading on Bybit.
Enhanced Off-Exchange Settlement Capabilities
This integration allows clients to custody their assets off-exchange while trading, thereby reducing counterparty risk associated with exchange-held funds. Falconx’s DMA offering provides a unified access point to global exchanges, enabling clients to maintain control of their assets without the need to post collateral on the exchange.
Benefits for Falconx DMA Clients
With the new connectivity to Copper’s network, Falconx DMA clients can access up to 5x leverage, consolidate margin and risk across venues, and gain near real-time visibility into off-exchange balances and settlements. Adam VandenBoogaard, Head of Revenue – Americas at Copper, highlighted that this collaboration enhances security and capital efficiency for institutional clients.
Strategic Deployment of Prime Connect
This marks the second deployment of Prime Connect, following a recent launch with Ceffu for Binance, as Falconx aims to create a unified settlement layer across exchanges.
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