Coinbase International Exchange Opens Over-the-Counter Settlement Services for Institutional Clients

Coinbase International announced the integration with the ClearLoop network to open over-the-counter (OTC) settlement services for institutional clients. This service not only supports institutions in managing crypto collateral, but also enables near-real-time settlement of transactions without transferring funds to the 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. (Cointelegraph) [Odaily Planet Daily]