SINGAPORE – December 05, 2024 – Cobo, a global leader in digital asset custody and wallet technology, is pleased to announce the integration of its off-exchange settlement network, Cobo SuperLoop, with BitMart, a leading global cryptocurrency exchange. This integration delivers enhanced fund security and trading efficiency for institutional users while reinforcing Cobo’s position as a leader in technological innovation and security excellence.

The integration of Cobo SuperLoop with BitMart offers significant advantages for institutional users:

• Seamless Account Linking: Cobo SuperLoop enables institutional users to connect their BitMart accounts seamlessly for efficient trading.

• Secure Asset Mirroring: User assets are securely locked off-exchange within Cobo SuperLoop, with a 1:1 mirroring created in BitMart accounts for trading purposes, ensuring enhanced security and reliability.

• Reduced Operational Risk: Cobo SuperLoop minimizes operational risk by reducing the need for frequent asset transfers across different exchanges.

• Optimized Capital Efficiency: Cobo SuperLoop’s innovative mechanism improves capital utilization, empowering users to balance robust custodial security and transactional convenience.

Cobo SuperLoop is the world's first off-exchange settlement network to achieve complete separation of trading, clearing, settlement, and custody. Designed for institutional users, Cobo SuperLoop enables direct trading on supported exchanges while ensuring assets remain securely held under Cobo’s custody. This innovation mitigates counterparty risks and significantly enhances asset security for users.

“SuperLoop represents a groundbreaking innovation in the realm of off-exchange settlement,” said Dr. Changhao Jiang, Co-Founder and CTO of Cobo. “We aim to provide institutional clients with a fully integrated solution for digital asset trading and custody. Partnering with BitMart reaffirms our commitment to enabling more users to experience enhanced fund security and capital efficiency while trading on exchanges.”

"We are thrilled to bring the innovative Cobo SuperLoop off-exchange settlement network to the BitMart platform,” said Victor Wei, Vice-President of Institutional Clients at BitMart. “Cobo SuperLoop empowers institutional users with a more secure custody solution and efficient trading and settlement services, perfectly aligning with our commitment to delivering top-tier service to our clients. We look forward to advancing the industry together through continuous technological innovation."

Looking ahead, Cobo will continue to expand Cobo SuperLoop’s network of supported exchanges and refine its clearing and settlement mechanisms, offering even more comprehensive off-exchange settlement services for institutional users.

About Cobo

Cobo is a trusted leader in digital asset custody and wallet infrastructure, providing an all-in-one platform for organizations and developers to easily build, automate and scale their digital asset businesses securely.

Founded in 2017 by blockchain pioneers and headquartered in Singapore, Cobo is trusted by more than 500 leading digital asset businesses globally, safeguarding billions of dollars in assets. Today, Cobo offers the industry's only unified wallet platform that integrates all four digital asset wallet technologies – Custodial Wallets, MPC Wallets, Smart Contract Wallets, and Exchange Wallets. Committed to the highest security standards and regulatory compliance, Cobo has a zero-incident track record and holds ISO 27001, SOC2 (Type 1 and Type 2) certifications, as well as licenses in multiple jurisdictions. Recognized for its industry-leading innovations, Cobo has received accolades from prestigious entities such as Hedgeweek, Global Custodian, among others.

For more information, please visit www.cobo.com.

About BitMart

BitMart is the premier global digital asset trading platform. With millions of users worldwide and ranked among the top crypto exchanges on CoinGecko, it currently offers 1,500+ trading pairs with competitive trading fees. Constantly evolving and growing, BitMart is interested in crypto’s potential to drive innovation and promote financial inclusion. 

For more information, visit www.bitmart.com.