The company announced in a Thursday statement that Bitget would be joining ClearLoop and partnering with custody provider Copper.

Bitget’s integration will ClearLoop’s infrastructure, allowing institutional clients to both Copper and ClearLoop to store digital assets in Copper’s infrastructure. At the same time, they can delegate those assets for trading on the exchange. Deposited assets from clients are linked to Bitget accounts via Copper’s platform.

Gracy Chen is the managing director at Bitget. She said that institutional crypto investors seek ways to optimize their trading and safeguard their assets.

She added that “Bitget’s partnership with Copper is a great example of our efforts to increase confidence among institutional crypto-users.”

Bitget is now the sixth exchange to join Copper’s ClearLoop platform this year. Matrixport, a crypto service provider, announced its joining of the platform earlier this month.

Last month, the crypto exchange announced that it had launched a $100-million fund aimed at Web3 startups while Asian countries develop a framework to develop Web3.

Matrixport Integrates with Copper’s ClearLoop for Prime Brokerage Offerings