Digital asset custody and wallet technology provider Cobo has announced that its exchange OTC settlement network SuperLoop is now connected to digital asset trading platform BitMart.
Through SuperLoop, institutional users can associate BitMart accounts with SuperLoop, lock assets in SuperLoop, and generate 1:1 mapped assets in BitMart accounts for asset transactions on BitMart. SuperLoop initiates settlement regularly, and the exchange confirms the net settlement details. It can help institutional users effectively reduce counterparty risks while significantly improving capital utilization efficiency.
As a global exchange over-the-counter settlement system, SuperLoop realizes the separation of trading, clearing, settlement and custody, allowing users to trade directly on the exchange while maintaining the safe custody of assets by Cobo, reducing counterparty risks and ensuring users' Asset security. Previously, SuperLoop has been connected to the digital asset trading platform Bitget and will continue to expand to support more trading platforms.