Sygnum Onboards World’s #2 Crypto Exchange
Swiss digital asset bank expands its Sygnum Protect network, providing institutions with access to Bybit’s liquidity through bank-grade security.
Sygnum, a global digital asset banking group founded on Swiss and Singapore heritage, has integrated Bybit, the world’s second-largest crypto exchange with more than 75 million users, into its Sygnum Protect off-exchange custody platform.
The move enables traders to leverage Bybit’s extensive product suite and deep liquidity while keeping their assets off-balance sheet in Sygnum’s regulated custody.
Institutional Clients Gain Secure Trading Access
Bybit’s institutional clients can now trade spot and derivatives on their exchange of choice while safeguarding assets with Sygnum Bank.
Collateral options include crypto and stablecoins, which Sygnum mirrors instantly on Bybit for trading. Profit and loss settlements are executed automatically every eight hours.
Rapidly Expanding Custody Network
Launched with Binance in April 2024 and expanded to Deribit in March 2025, Sygnum Protect has seen strong institutional demand.
With Bybit now onboard, it has become the largest bank-operated off-exchange custody solution, with partner exchanges representing over half of global spot and derivatives volumes.
Sygnum Underscores Market Resilience
«Sygnum Bank remains committed to working with leading exchanges to strengthen the resilience of the crypto industry and empower institutions to trade with peace of mind,» said Dominic Lohberger, Sygnum’s Chief Client Officer.
He pointed to rapid adoption on Binance, Deribit and now Bybit as clear evidence of an urgent market need for bank-grade, off-balance sheet custody.
Bybit Stresses Counterparty Risk Management
«Crypto and stablecoin infrastructure is evolving, and managing counterparty risks is key for further institutional adoption,» said Yoyee Wang, Head of Bybit’s Business-to-Business Unit.
«This partnership combines Bybit’s leading products and liquidity with Swiss banking-grade protection, enabling institutions to trade securely,» she added.
Swiss Banking Standards for Digital Assets
Sygnum’s custody platform applies multiple layers of protection, from hardware-software security controls to independent audits and strict governance.
Crucially, assets remain off-balance sheet, making them bankruptcy-remote under Swiss law. The setup eliminates single points of failure and delivers institutions the peace of mind needed for large-scale trading.
