What sets Copper apart from its competitors in digital asset investing?

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What sets Copper apart from its competitors in digital asset investing?

 What sets Copper apart from its competitors in digital asset investing?
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Highlights

  • The UK-based Copper crypto firm is primarily an institutional gateway to offer digital asset investing, allowing one to trade without moving assets to exchanges and removing the risks of getting hacked or getting assets frozen.
  • Copper allows institutional investors to create securitised tokens for various crypto-based products, from token trackers to complex trading strategies.
  • Copper has been gaining traction following its announcement of the launch of pools for staking platforms across four major protocols -- Solana, Cardano, Injective Protocol, and Oasis Network.

UK-based Copper crypto is primarily an institutional gateway to offer digital asset investing, allowing one to trade without moving assets to exchanges and removing the risks of getting hacked or getting their assets frozen. Copper enables institutional investors to create securitised tokens for various crypto-based products, from token trackers to complex trading strategies.

What sets Copper apart is its ability to offer multi-party computation technology, which would allow firms to manage their assets in a better manner. As a cryptographic tool, the computation technology would ensure that the data remains encrypted, thereby safeguarding the user's data.

Why is Copper making noise? 

Copper has been gaining traction following its announcement of the launch of pools for staking platforms across four major protocols -- Solana (SOL), Cardano (ADA), Injective Protocol (INJ), and Oasis Network (ROSE). 

Also read: Which are the countries curious to know about Ethereum Merge?

Firm's Chief Product Officer Alex Ryvkin feels that the launch of Copper's compliant, integrated staking service will bring technical expertise and trust to the DeFi ecosystem. Besides, it also offers stake rewards to the clients and drives institutional adoption of Defi. 

Copper has been making steady waves in the crypto market throughout this month. In a string of organisational changes, it first brought in Sabrina Wilson as Chief Operating Officer on 7 March. Then, it inducted Carly Nuzbach Lowery as Chief Legal Officer, perhaps when there was increased scrutiny by the country's regulators to adhere to its compliance protocols. 

Also read: Why is Verasity crypto (VRA) token rising?

In fact, the UK-based firm is one of the firms that has been racing against the time to get its papers in order before the 31 March deadline, which has been set by the country's regulators, the Financial Conduct Authority (FCA). The FCA, along with the Bank of England, has urged the crypto business in the country to align themselves with its money-laundering laws. 

Conclusion 

Whether the recent organisational changes and the staking rewards program will impact Copper's future remains to be seen. But it will be critical for the organisations to first get FCA compliance approval to make sure they can operate in the country. 

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