Bybit Leverages Sygnum Bank for Secure Custody & Off-Exchange Settlement

Crypto exchange Bybit has partnered with Sygnum Bank to provide institutional clients with secure off-balance sheet custody of their digital assets through the Sygnum Protect Platform. This collaboration allows for the holding of assets without directly impacting Bybit’s balance sheet, while enabling trading in spot and derivatives on the exchange. 8-hour automatic settlements for P&L will further ensure capital efficiency and operational transparency. .