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Bybit partners with Cactus Custody to improve institutional trading

2025-07-23 12:53:41

Main Idea

Bybit has partnered with Cactus Custody to offer an off-exchange settlement solution for institutional clients, aiming to reduce counterparty risk while maintaining liquidity.

Key Points

1. Bybit and Cactus Custody's partnership introduces an off-exchange settlement solution, set to go live on July 28, 2025.

2. The solution allows clients to deposit collateral with Cactus Custody, which is transferred to Bybit only at trade settlement, reducing counterparty risk.

3. Cactus Custody provides bank-grade security, including tiered hot and cold storage, and holds SOC 1 Type 1 and SOC 2 Type 2 certifications from Deloitte.

4. The custodian is licensed as a Hong Kong Trust Company and complies with KYC and KYB regulations.

5. The integration aims to meet institutional demands for secure custody solutions and drive institutional adoption of digital assets.

Description

Cryptocurrency exchange Bybit has formed a strategic partnership with Cactus Custody, a digital asset custodian under Matrixport Group, as per the information shared with Finbold on July 23. @Bybit_Official partners with Cactus Custody to boost institutional trading efficiency and security. Secure institutional custody, no pre-funding, lower risk, full liquidity. Learn more https://t.co/5ORQArDns4 pic.twitter.com/3uU0zNklVH — CactusCustody (@CactusCustody) July 23, 2025 The collaboration intro...

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Cryptocurrency news Bybit crypto trading
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