Cryptocurrency exchange Bitstamp has added Copper.co, the institutional gateway to digital asset investing, as an additional custody provider.
Copper’s leading crypto custody solution will allow Bitstamp to offer a new set of digital assets to its customers around the world, starting with Cardano (ADA), now the world’s sixth largest cryptocurrency. Bitstamp’s customers in Europe will be able to start trading Cardano this Friday.
This partnership demonstrates Bitstamp’s commitment to global expansion and marks the continued growth of its customer-centric offerings. As demand increases, Bitstamp continues to provide its users access to the ever expanding market.
With multi-award-winning custody, and an Aon brokered crime insurance policy, Copper is a reliable and mature partner to Bitstamp, offering the industry gold-standard in digital asset engagement. Copper’s secure custody uses Multi-Party Computation technology. With MPC, key shards are formed simultaneously and in isolation, one shard each is entrusted to the client, their trusted third party, and Copper. These shards allow transactions to be signed online without the risk of private key exposure because there is no longer one private key. This largely eliminates the risk of key exposure in online transactions. Over 400 institutions already custody their cryptoassets with Copper, which supports circa 450 different tokens.
“Partnering with the most trusted providers in the industry allows us to better fulfill our obligation of providing the most reliable products and services,” says Julian Sawyer, Global CEO of Bitstamp. “By expanding our custodial services through Copper, we will be able to continue to offer secure access to more digital assets.”
“At a time when we are seeing a surge in institutional adoption of digital assets, we’re proud to be collaborating with Bitstamp, which is committed to best-in-class service”, says Dmitry Tokarev, CEO of Copper. “Our multi-award-winning crypto custody provides secure access to the world’s most important digital assets and we are pleased Copper’s technology was chosen to broaden the range of digital assets Bitstamp can offer its customers.”
This partnership is a continuation of Bitstamp’s commitment to expansion. In July, Bitstamp announced a partnership with Paragon International Insurance Brokers to add an extra layer of security to users’ digital assets. In October, the exchange partnered with ZEBEDEE to allow gamers the ability to utilise Bitcoin as part of the gaming ecosystem.
