Qualified cryptocurrency depotmen Bitgo and Copper, the company behind the Clearloop Settlement System, deliver without pre-exchange for traders who use options exchange, the companies said on Thursday.

Customers of Bitgo and Copper can now trade with space and derivatives on delivery, while assets are secured out of exchange in qualified custody with Bitgo Trust and automatically run out of utilizing Copper Clearloop and the GO network, according to a press release.

In a Post-TTX world dealers, dealers seek to reduce the risks associated with leaving assets on exchanges where possible. Bitgo and Copper announced a partnership two years ago to trade exchanges, while assets are held within a regulated custody of the environment.

A simple feature of the combined BitGo- and Copper Clearloop Networks is delivery versus payment (DVP), so any Bitgo client can immediately run with any other Bitgo client in a nuclear of the assets without ever having to bring these assets on chain said Brett Reeves, head of Bitgo’s Go network.

“We can do this DVP settlement from cold storage and there are no fees for it,” Reeves said in an interview with Coindesk. “So we really look at eliminating this settlement risk or Herstatt risk and moving it towards the traditional financing space.”

During the cap, assets are held with qualified or regulated custody at Bitgo, and then by predefined intraday settlement periods, the assets caused to dismiss from a Bitgo account to the copper ecosystem to dismiss, Reeves explained. If these assets are due to the client, it will come back the other way, he said.

“Most of the client’s assets remain within the BitGO parenting authority, except for a settlement time when they move to exchange,” Reeves said. “At the time of settlement it is P&L, they owe the transactions or variation margin in their positions.”

“The synergies between our companies will unlock new opportunities for investors and will completely change the trade landscape,” said Luuk Strijers, CEO of Deribit in a statement.