Tags: Copper

(Matrixport)

(Danny Nelson/CoinDesk)

The process is just getting under way and the company, which employs about 300, said it cannot put an exact number on job losses.

State Street and Copper have mutually decided to end their licensing agreement, a spokesman for the bank said.

Copper said some “concerning behavior” had been detected, and that a “machine-generated alert had been triggered.”

Hammond, chair of custody company Copper, said the U.K. is falling behind neighboring countries and needs to accept "measured risk."

Institutional clients will be able to trade on the BitMart exchange while their digital assets remain safeguarded in Copper’s custody.

Correlations between bitcoin and rising copper prices reached seven-month highs.