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Bybit, the world’s second-largest cryptocurrency exchange by trading volume,, today announced a strategic partnership with Sygnum, a global digital asset banking group, to provide institutional clients with secure, off-exchange custody through the Sygnum Protect platform.
This integration strengthens Bybit’s position as a trusted partner for institutions by combining its broad product range and deep liquidity with the bank-grade security of Swiss-regulated custody. Bybit institution clients can now hold assets off-balance sheet at Sygnum Bank while trading spot and derivatives seamlessly on Bybit. Asset balances are instantly mirrored on the exchange and trading P&L is settled automatically every eight hours, ensuring both capital efficiency and operational transparency.
Sygnum Protect is the largest bank-operated Off-Exchange Custody platform, now covering exchanges that collectively account for over 50% of global spot and derivatives volumes. Bybit joins other leading members of this ecosystem, reinforcing its commitment to providing institutional investors with the highest standards of security, resilience, and trust.
The platform integrates multiple security layers, including advanced software-hardware controls, strict governance, independent audits, and the legal protection of bankruptcy-remote asset custody under Swiss banking law. This gives institutional clients peace of mind that their assets are safeguarded even in times of market uncertainty.
Bybit has built a robust network of trusted custody partners, including Fireblocks, Copper, and Cactus, to give clients flexibility and confidence in safeguarding their assets. The addition of Sygnum Bank marks a new milestone in this strategy, bringing regulated, bank-grade off-exchange custody into the Bybit ecosystem.
“Crypto and stablecoin infrastructure is evolving, and managing counterparty risks is essential for further institutional adoption,” said Yoyee Wang, Head of Bybit’s Business-to-Business Unit (BBU). “Our partnership with Sygnum Bank not only gives clients access to Bybit’s industry-leading products and liquidity, but also ensures their assets are safeguarded with the highest standards of Swiss banking. Together, we are building a secure and transparent foundation for institutions to trade with confidence.”
“Sygnum Bank remains committed to working with leading exchanges to enhance the resilience of the crypto industry and empower institutions to trade with peace of mind,” said Dominic Lohberger, Sygnum Chief Product Officer. “The rapid adoption of Sygnum Protect by institutional clients trading on Binance, Deribit, and now Bybit, demonstrates the urgent need for bank-grade, off-balance sheet custody solutions. We are delighted to welcome Bybit to our growing network of integrated exchanges.”
