Introduction

ClearLoop is an off-exchange settlement solution designed for institutional investors. It allows Copper clients to delegate and trade virtual balances on centralised exchanges, with settlements occurring on Copper’s infrastructure. This solution mitigates counterparty and insolvency risks, while improving operational efficiency at scale.

When funds are delegated to an exchange, no actual transfer occurs until settlement. Instead, the delegated funds are locked in a dedicated ClearLoop omnibus account, and a virtual balance is credited to the exchange account. This virtual balance can be used for trading supported instruments on the exchange, such as spot and margin trading.

To reconcile the difference between the exchange balance and the delegated balance, ClearLoop settlements are performed at regular intervals (every 2, 4, or 24 hours depending on the exchange). Settlements ensure that the profit and loss (P&L) generated on the exchange is accurately reflected on Copper.

This guide provides key information about ClearLoop, from account setup to operations management:

• Connect a ClearLoop exchange account
• Delegate and undelegate funds
• Fetch delegated balances
• ClearLoop settlements

If you want to receive information about exchanges, please see the ClearLoop Exchanges API.