Sygnum Offers Off-Exchange Custody for Bybit Trading
- Swiss digital-asset bank Sygnum has integrated the crypto exchange Bybit into its Sygnum Protect platform.
- This integration makes Sygnum the first bank to offer off-exchange custody for Bybit.
- The platform enables spot and derivatives trading with assets held off-balance sheet in regulated, bank-grade custody.
- Bybit institutional clients can trade using collateral—crypto and stablecoins—held at Sygnum.
Sygnum’s integration with Bybit allows institutional clients to securely trade cryptocurrencies while maintaining their assets in a regulated environment. This development highlights the growing demand for secure, off-exchange custody solutions in the cryptocurrency market.
By providing this service, Sygnum positions itself as a pioneer in offering bank-grade custody solutions for crypto exchanges like Bybit, enhancing security and trust in digital asset trading. (Source)
