FalconX Expands Prime Connect with ClearLoop Integration for Deribit
Copper and FalconX expand ClearLoop integration to Deribit
- Copper is extending ClearLoop connectivity as part of its integration with FalconX’s Direct Market Access (DMA) offering, with a new Prime Connect integration to Deribit.
- FalconX DMA clients will now trade on Deribit while keeping collateral securely custodied off-exchange with Copper.
- Following the initial ClearLoop integration with Bybit earlier this year, this expansion represents the next phase of Copper and FalconX’s multi-exchange strategy.
Copper has today announced the next phase of its multi-exchange strategy in partnership with FalconX, expanding ClearLoop’s integration within FalconX’s Prime Connect solution through the addition of Deribit, one of the world’s foremost crypto options exchanges.
Through this integration, FalconX DMA clients can trade on Deribit while keeping assets securely custodied off-exchange using Copper’s ClearLoop technology. This provides enhanced security, reduced counterparty risk, and seamless access to deep derivatives liquidity.
Following this expanded integration of Copper’s ClearLoop solution, FalconX DMA clients will now:
- Trade on Deribit while holding assets off-exchange, safeguarded with Copper's MPC-protected custody
- Access up to 5x leverage through FalconX’s integrated credit and risk solutions
- Consolidate margin and risk across venues through a unified interface
- Gain near real-time visibility into off-exchange balances and settlements
This expansion represents the next phase of Copper’s partnership with FalconX. In August 2025, Copper and FalconX announced their initial integration, bringing ClearLoop connectivity to FalconX's DMA offering, launching with Bybit as the first exchange.
Copper and Deribit are also building on nearly six years of collaborative development, with Deribit among the first exchanges to adopt ClearLoop’s institutional-grade off-exchange settlement and custody. The relationship has evolved significantly since, with Copper reporting significant user volumes accessing Deribit through ClearLoop.
“We’re pleased to be building on our partnership with Copper by extending ClearLoop into our Prime Connect solution with Deribit. This integration brings institutional-grade, off-exchange custody and seamless settlement directly into our DMA workflow, giving clients safer, more controlled access to leading options and futures liquidity. We’re continuing to work with Copper on extending ClearLoop connectivity across additional global exchanges to deliver secure, efficient market access at scale.”
-Wee Kuo, Senior Business Manager, DMA at FalconX
“By extending ClearLoop connectivity through FalconX to include Deribit, we’re helping prime brokers offer institutional clients a safe and efficient way to trade across leading venues while keeping collateral with a trusted custodian. ClearLoop’s off-exchange settlement model supports faster deployment of capital, simplifies post-trade operations, and helps prime brokers scale their derivatives offering without increasing operational overhead. With multiple venues already live and more on the way, we are focused on giving prime brokers and their clients the infrastructure they need to grow institutional digital asset trading.”
-Adam VandenBoogaard, Head of Revenue, Americas at Copper
About FalconX
FalconX is a leading digital asset prime brokerage for the world's top institutions. We provide comprehensive access to global digital asset liquidity and a full range of trading services. Our 24/7 dedicated team for account, operational and trading needs enables investors to navigate markets around the clock. FalconX Bravo, Inc., a FalconX affiliate, was the first CFTC-registered swap dealer focused on cryptocurrency derivatives.
FalconX is backed by investors including Accel, Adams Street Partners, Altimeter Capital, American Express Ventures, B Capital, GIC, Lightspeed Venture Partners, Sapphire Ventures, Thoma Bravo, Tiger Global Management and Wellington Management. FalconX has offices in Silicon Valley, New York, London, Hong Kong, Bengaluru, Singapore and Valletta. For more information visit falconx.io or follow FalconX on X and LinkedIn.
"FalconX" is a marketing name for FalconX Limited and its affiliates. Availability of products and services is subject to jurisdictional limitations and FalconX entity capabilities. For more information about which legal entities offer particular products and services, please see the disclosure on our public website, incorporated herein, or reach out to your relationship contact.
About Copper
Since being founded in 2018, Copper has been building the standard for institutional digital asset infrastructure with a focus on custody and collateral management. Underpinned by multi-award-winning technology, Copper has built a comprehensive and secure suite of products and services required to safely custody and trade digital assets. At the core of Copper’s infrastructure is ClearLoop, which enables clients to manage collateral and settle trades across multiple exchanges, while mitigating counterparty risk and increasing capital efficiency.
This material is for informational purposes only and is only intended for sophisticated or institutional investors. Neither FalconX Limited, FalconX Bravo, Inc., FalconX Delta, Inc., FalconX Foxtrot Pte Ltd., FalconX Golf Pte Ltd., Solios, Inc., Falcon Labs, Ltd., KestrelX, Ltd., nor Banzai Pipeline Limited (separately and collectively “FalconX”) service retail counterparties, and the information on this website is NOT intended for retail investors. The material published on this website is not (i) an offer, or solicitation of an offer, to invest in, or to buy or sell, any interests or shares, or to participate in any investment or trading strategy, (ii) intended to provide accounting, legal, or tax advice, or investment recommendations, or (iii) an official statement of FalconX or any of its affiliates. Any information contained in this website is not and should not be regarded as investment research, debt research, or derivatives research for the purposes of the rules of the CFTC or any other relevant regulatory body.
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Solios, Inc. and FalconX Delta, Inc. are registered as federal money services businesses with FinCEN. FalconX Bravo, Inc. is registered with the U.S. Commodities Futures Trading Commission (CFTC) as a swap dealer and a member of the National Futures Association. FalconX Limited, FalconX Bravo, Inc., FalconX Delta, Inc., Falcon Labs Ltd., and Solios, Inc. are not registered with the Securities & Exchange Commission or the Financial Industry Regulatory Authority. FalconX Golf Pte. Ltd. is not required to be registered or licensed by the Monetary Authority of Singapore (MAS). MAS has granted FalconX Foxtrot Pte. Ltd. a temporary exemption from holding a license under the PSA for the payment services caught under the expanded scope of regulated activities for a specified period. FalconX Limited is a registered Class 3 VFA service provider with the Malta Financial Services Authority under the Virtual Financial Assets Act of 2018. FalconX Limited is licensed to provide the following services to Experienced Investors, Execution of orders on behalf of other persons, Custodian or Nominee Services, and Dealing on own account. FalconX’s complaint policy can be accessed by sending a request to complaints@falconx.io
"FalconX" is a marketing name for FalconX Limited and its affiliates. Availability of products and services is subject to jurisdictional limitations and capabilities of each FalconX entity. For information about which legal entities offer trading products and services, or if you are considering entering into a derivatives transaction, please reach out to your Sales or Trading representative.
