The Copper Network is a network that enables counterparties to create and execute bilateral settlements or one-way transfers while minimizing counterparty risk on the Copper Platform. Copper Network supports both crypto-to-crypto settlements and fiat-linked settlements. The following settlement order types are currently supported by the Copper Network:
  • Payment vs Payment (PvP): PvP settlement orders require both counterparties to complete their opening legs before triggering the closing settlement legs. This ensures that a delivery occurs only if another delivery has occurred (and vice versa).
  • Free of Payment (FoP): in FoP settlement orders, the settlement legs are transferred independently of each other.
The status of active Copper Network settlements and transfers can be monitored and actioned for approval or cancellation from the order response.