Bybit Joins Forces with Zodia Custody: A Game-Changer for Institutional Investors

Segregated Custody and Off-Venue Settlements - The New Norm

Hold onto your hats, crypto fans! Bybit just dropped a bombshell - they're teaming up with Zodia Custody to give their institutional clients the ultimate peace of mind. We're talking segregated custody and off-venue settlement solutions that'll have you jumping for joy!

Bybit Institutional: Targeting the Big Fish with Transparent Fees and Reduced Risk

On April 3, Bybit let the cat out of the bag - their institutional arm is all about serving up larger investors with transparent fees and a risk reduction plan that'll make your head spin. And guess what? This partnership with Zodia Custody is the secret sauce!

Zodia Custody: The Heavyweights Backing Your Crypto Dreams

Founded in 2020, Zodia Custody isn't messing around. With big names like Standard Chartered and SBI Holdings in their corner, they're ready to take on the world of crypto custody. Bybit's calling it "Independent Custody," and it's a game-changer. You can trade on Bybit while your assets chill with Zodia, ensuring full segregation and no co-mingling thanks to the Interchange solution. It's like having your cake and eating it too!

No More Pre-Funding: Bybit's Giving You the Freedom You Deserve

Get ready to break free from the shackles of pre-funding, institutional clients! Bybit's got your back, and thanks to Zodia, you can trade without worrying about exchange-side vulnerabilities. It's all about maximizing capital efficiency and keeping your assets safe and sound.

Bybit's Resilience: Bouncing Back from a $1.46 Billion Heist

But wait, there's more! Remember that crazy $1.46 billion heist by North Korean hackers in late February? They targeted Bybit by compromising an employee's computer at Safe, their tech provider. It was a wild ride, but Bybit's CEO Ben Zhou isn't backing down. Just two weeks after the breach, he revealed that 20% of the stolen funds had vanished into thin air, thanks to the hackers' mixing services. But don't worry, Bybit's still on the case - Zhou later confirmed that a whopping 88% of the stolen funds are still traceable. Talk about resilience!