SuperLoop
Introduction to SuperLoop
SuperLoop is the first Cobo Portal App developed by Cobo. SuperLoop is an off-exchange settlement network that allows you to trade on exchanges without worrying about counterparty risks.
Key features
For asset managers
- Increased confidence: Trade on exchanges with greater confidence and efficiency.
- Minimized counterparty risk: Remove the need to pre-fund on exchanges, reducing exposure to counterparty risk.
- Capital efficiency: Allocate assets to supported exchanges instantly, reducing delays from on-chain transfers.
- Regulatory compliance: SuperLoop adds an extra layer of security and helps meet regulatory requirements.
For exchanges
- Increased trading activity: Attract more asset managers and higher trading volumes by eliminating pre-funding requirements.
- Counterparty risk mitigation: Ensure asset managers can meet their obligations before executing trades, mitigating counterparty risk.
- Regulatory compliance: SuperLoop enhances security measures and supports compliance with regulatory standards.
How it works
Pre-trade
- Asset managers link Exchange Wallets to SuperLoop on Cobo Portal. The Exchange Wallets must have already been set up. See Set up Exchange Wallets.
- Asset managers request to mirror assets on linked exchange accounts via SuperLoop. The mirrored assets will come from one of the asset managers’ chosen Custodial Wallets or MPC Wallets.
- Assets will be locked in SuperLoop and mirrored 1:1 on linked exchange accounts.
During-trade
- Asset managers submit trade orders to the exchanges and trade as per usual.
Post-trade
- Automated settlements take place periodically.
- Exchanges provide net settlement amount to Cobo.
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