Huobi Partners with Copper for Enhanced Crypto Custodial and Security Solutions

• Huobi, one of the world’s leading cryptocurrency exchanges, has announced a new partnership deal with Copper, a London-based provider of institutional-grade cryptocurrency custodial and security solutions. 
• The partnership with Copper is just the latest in a series of moves by Huobi to expand its institutional offerings and enhance its security and compliance capabilities.

Huobi, one of the world’s leading cryptocurrency exchanges, has announced a new partnership deal with Copper, a London-based provider of institutional-grade cryptocurrency custodial and security solutions. The move is part of Huobi’s ongoing efforts to enhance its security and compliance capabilities and expand its institutional offering.

Under the terms of the partnership, Copper will provide Huobi with its Walled Garden technology, which allows institutional investors to securely trade and store digital assets. The technology uses multi-party computation (MPC) to split private keys into multiple shares, providing a more secure way to store digital assets than traditional cold storage methods.

In addition, Copper will also provide Huobi with access to its ClearLoop solution, which allows institutional investors to trade digital assets without having to move them out of secure storage. This solution enables faster and more efficient trading, while also reducing the risk of theft or loss of assets.

The partnership with Copper is just the latest in a series of moves by Huobi to expand its institutional offerings and enhance its security and compliance capabilities. The exchange has also recently launched its own crypto custodial solution, Huobi Trust, which is aimed at institutional investors and high-net-worth individuals.

Huobi has signed a MOU with @CopperHQ, a digital asset custody and trading solutions company, with plans to join Copper’s #ClearLoop network. Jointly, we will combine our strengths in user asset protection to provide users with a safe and enjoyable trading experience. pic.twitter.com/80YCwhvnCu

— HTX (@HTX_Global) March 24, 2023

The partnership is also significant because it highlights the growing importance of secure custody solutions in the cryptocurrency space. With the rapid growth of institutional adoption of digital assets, there is a growing need for reliable and secure custody solutions that can provide the level of protection that institutional investors require

Moreover, as the cryptocurrency market continues to mature and evolve, we can expect to see more partnerships and collaborations between traditional financial institutions and cryptocurrency companies. These partnerships are likely to play a key role in driving the continued growth and adoption of digital assets.