Bybit, a major cryptocurrency exchange, has teamed up with Sygnum Bank to provide institutional clients with enhanced security and asset protection. The partnership allows Bybit’s institutional users to keep their digital assets in Sygnum’s Swiss-regulated, off-exchange custody solution while still actively trading on the Bybit platform.
This collaboration integrates Bybit’s trading services with Sygnum’s Protect platform. This means client assets are held securely at the bank, legally protected under Swiss law and “bankruptcy-remote.” At the same time, their asset balances are mirrored in real time on the exchange, with profits and losses automatically settled every eight hours.
The deal positions Bybit as a more secure and reliable venue for large-scale investors, combining its high liquidity with the robust legal and governance standards of a regulated Swiss bank. Bybit is joining other major exchanges like Binance and Deribit on the Sygnum Protect platform, which has become a leader in bank-operated off-exchange custody. This partnership adds to Bybit’s existing custody options, which include partners like Fireblocks and Copper, providing institutional clients with a wider range of secure solutions for risk management.
September 2025, Cryptoniteuae
