Summary: Crypto bank Sygnum has integrated with options exchange Deribit to enhance its custody platform. The collaboration utilizes the "Off Exchange" service of crypto custodian Fireblocks, which allows traders to "mirror" their assets held in custody on a trading platform. This enables traders to securely store their assets in a regulated bank while still accessing the liquidity provided by Deribit. The move comes after a recent cyber-attack on Bybit, highlighting the importance of counterparty risk awareness in the crypto industry. Sygnum, valued at over $1 billion, is licensed in Switzerland, Luxembourg, and Singapore, while Deribit is a top derivatives exchange with significant trading volumes.



Other News from Today