Copper.co to open new US East Coast office
Copper.co, a provider of digital asset custody and trading solutions, is expanding its operation in the Americas with the senior appointment of Glenn Barber as Head of Sales & Business Development, and the opening of a new East Coast office.
The London-headquartered startup, founded in 2018, has raised USD84.3 million of funding to date, most recently via a USD75 million Series B, which included a USD25 million extension led by Alan Howard.
Barber joins US-based Business Development Directors Doug Bilyk and Betty Sharples. Together, they will lead the efforts to make Copper the number one choice for US institutions engaged in crypto trading, to safeguard their digital assets securely, and to make the most of trading opportunities via ClearLoop, Copper’s unique exchange clearing network.
Prior to joining Copper, Barber led sales as a consultant at FalconX, an institutional digital asset brokerage, where he built out a global network of clients. Previously, he was the Chief Institutional Officer at Voyager Digital, a publicly-traded holding company whose subsidiaries operate a crypto-asset platform to trade crypto assets.
Barber's blend of experience from over 25 years in global capital markets and three years in digital assets places him well to face the rapidly maturing era of crypto trading and custody, in which institutions previously occupying the traditional finance space are now engaging, but need to do so securely and efficiently. Copper offers a unique trading solution to address these demands via the ClearLoop network.
The unique ClearLoop network was developed by Copper to offer institutional investors the ability to trade with crypto exchanges efficiently and securely. Using ClearLoop, clients can trade directly on exchange without moving their assets out of custody, with settlement occurring on Copper’s infrastructure. This significantly reduces counterparty risk with the venues and makes trading more efficient and flexible. In July this year, FTX, one the world’s largest crypto derivatives exchanges, recently valued at USD18 billion, joined the growing ClearLoop network.
Barber says: “I’m thrilled to be joining the Copper team. Their technology offers a seamless crypto trading and custody solution. I’m particularly excited to be able to offer Copper’s flagship product, ClearLoop, to US institutions, at a time when these firms are really working out how they can securely enter this asset class and trade efficiently. I’m confident that ClearLoop is already developing as the answer that most institutions are looking for.”
Dmitry Tokarev, CEO, Copper, adds: “We’re delighted to welcome Glenn to the team. As we expand internationally in this rapidly maturing market, it is people like Glenn who are best placed to bring our technology to the growing number of crypto traders from the traditional finance space. We look forward to working with him as we further our international expansion.”