Coinbase International opens OTC settlement service for institutional clients

Odaily News Coinbase International announced that it has integrated with the ClearLoop network to open over-the-counter settlement services for institutional clients. This service not only supports institutions to manage crypto collateral, but also settles transactions in near real time without transferring funds to exchanges. It aims to reduce counterparty risk and improve capital efficiency. Currently, the relevant service only supports USDC, but plans to support additional collateral assets in the near future. (Cointelegraph)