BitMart Collaborates with Cobo SuperLoop Off-Exchange Settlement Network, Enhancing Security and Efficiency for Institutional Users

Mahe,
Seychelles
–
December
04,
2024 – BitMart,
a
leading
global
cryptocurrency
exchange,
is
pleased
to
announce
the
collaboration
with
Cobo
SuperLoop
off-exchange
settlement
network.
This
integration
delivers
enhanced
fund
security
and
trading
efficiency
for
institutional
users
while
reinforcing
BitMart’s
position
as
a
leader
in
digital
assets
trading
platform.

The
integration
of
BitMart
and
Cobo
SuperLoop
offers
significant
advantages
for
institutional
users:

●   
  Seamless
Account
Linking:
Cobo
SuperLoop
enables
institutional
users
to
connect
their
BitMart
accounts
seamlessly
for
efficient
trading.

●   
  Secure
Asset
Mirroring:
User
assets
are
securely
locked
off-exchange
within
Cobo
SuperLoop,
with
a
1:1
mirroring
created
in
BitMart
accounts
for
trading
purposes,
ensuring
enhanced
security
and
reliability.

●   
  Reduced
Operational
Risk:
Cobo
SuperLoop
minimizes
operational
risk
by
reducing
the
need
for
frequent
asset
transfers
across
different
exchanges.

●   
  Optimized
Capital
Efficiency:
Cobo
SuperLoop’s
innovative
mechanism
improves
capital
utilization,
empowering
users
to
balance
robust
custodial
security
and
transactional
convenience.

“We
are
thrilled
to
bring
the
innovative
Cobo
SuperLoop
off-exchange
settlement
network
to
the
BitMart
platform,”
said
Victor
Wei,
Vice-President
of
Institutional
Clients
at
BitMart.
“Cobo
SuperLoop
empowers
institutional
users
with
a
more
secure
custody
solution
and
efficient
trading
and
settlement
services,
perfectly
aligning
with
our
commitment
to
delivering
top-tier
service
to
our
clients.
We
look
forward
to
advancing
the
industry
together
through
continuous
technological
innovation.”

Cobo
SuperLoop
is
the
world’s
first
off-exchange
settlement
network
to
achieve
complete
separation
of
trading,
clearing,
settlement,
and
custody.
Designed
for
institutional
users,
Cobo
SuperLoop
enables
direct
trading
on
supported
exchanges
while
ensuring
assets
remain
securely
held
under
Cobo’s
custody.
This
innovation
mitigates
counterparty
risks
and
significantly
enhances
asset
security
for
users.

“SuperLoop
represents
a
groundbreaking
innovation
in
the
realm
of
off-exchange
settlement,”
said
Dr.
Changhao
Jiang,
Co-Founder
and
CTO
of
Cobo.
“We
aim
to
provide
institutional
clients
with
a
fully
integrated
solution
for
digital
asset
trading
and
custody.
Partnering
with
BitMart
reaffirms
our
commitment
to
enabling
more
users
to
experience
enhanced
fund
security
and
capital
efficiency
while
trading
on
exchanges.”

This
integration
highlights
BitMart’s
commitment
to
offer
institutional
users
enhanced
security
and
seamless
trading
through
Cobo
SuperLoop.
By
prioritizing
asset
protection
and
efficiency,
BitMart
enhances
its
leader
position
as
an
exchange.

Visit www.bitmart.com or www.cobo.com for
more
information.

About
BitMart

BitMart
is
the
premier
global
digital
asset
trading
platform.
With
millions
of
users
worldwide
and
ranked
among
the
top
crypto
exchanges
on
CoinGecko,
it
currently
offers
1,500+
trading
pairs
with
competitive
trading
fees.
Constantly
evolving
and
growing,
BitMart
is
interested
in
crypto’s
potential
to
drive
innovation
and
promote
financial
inclusion. For
more
information,
visit www.bitmart.com.

About
Cobo

Cobo
is
a
trusted
leader
in
digital
asset
custody
and
wallet
infrastructure
solutions.
Founded
in
2017
by
blockchain
pioneers,
Cobo
is
trusted
by
more
than
500
organizations
worldwide,
safeguarding
billions
of
dollars
in
assets
with
a
zero-incident
security
track
record.

Today,
Cobo
provides
the
industry’s
only
unified
digital
asset
wallet
platform
that
integrates
all
4
wallet
technologies
in
one
place
–
Custodial
Wallets,
MPC
Wallets,
Smart
Contract
Wallets,
and
Exchange
Wallets.
By
combining
a
comprehensive
suite
of
wallet
solutions
with
advanced
risk
controls
and
developer
tools,
Cobo
empowers
organizations
and
developers
to
innovate
and
scale
with
ease.

Visit www.cobo.com for
more
information.