Falconx announced the expansion of its Prime Connect product through integration with Copper’s Clearloop network, enhancing its non-exchange settlement capabilities for direct market access (DMA) clients trading on BYBit.
This integration allows clients to detain assets during exchanges during transactions, thereby reducing counterparty risk associated with exchange-owned funds. Falconx’s DMA offering provides a unified access point for global exchanges, allowing clients to maintain control of their assets without having to post collateral for exchanges. With a new connection to Copper’s network, FalConx DMA clients can access up to five times the leverage, integrate margins and risks across venues, and gain near real-time visibility into non-exchange balances and settlements. Revenue Director Adam Vandenboogaard – Americas of Copper emphasized that the collaboration will increase the security and capital efficiency of institutional clients. This marks the second rollout of Prime Connect, following Binance’s recent launch with Ceffu, as Falconx aims to create a unified payment tier across the exchange.
