Coinbase International integrates with ClearLoop Network to provide over-the-counter settlement services for institutional clients

ChainCatcher news, Coinbase International has announced the integration with ClearLoop Network to offer over-the-counter settlement services for institutional clients. This service not only supports the management of crypto collateral by institutions but also allows for near real-time settlement of trades without the need to transfer funds to an exchange, aiming to reduce counterparty risk and improve capital efficiency. Currently, the related service only supports USDC, but there are plans to support additional collateral assets in the near future.