Sygnum integrates Bybit Into Protect Off-Exchange Custody platform; Member Exchanges Now Account for Over 50% Of Global Spot and Derivative Volumes

Sygnum, a global digital asset banking group, has integrated Bybit, the  world’s second-largest crypto exchange by trading volume with over 75 million worldwide users, into its Sygnum  Protect off-exchange custody platform. This integration enables traders to take advantage of Bybit’s broad product  range and deep liquidity while holding their assets at Sygnum Bank off-balance sheet with institutional-grade  security. 

Bybit institutional customers can now trade crypto spot and derivatives on their principal exchange, and have their assets  held off balance sheet in Sygnum’s regulated, bank-grade custody. Sygnum enables a range of flexible collateral optionsiii including crypto and stablecoins. Collateral held with Sygnum is instantly mirrored on Bybit and available for trading,  with trading P&L’s settled automatically every eight hours. 

Sygnum has seen surging institutional demand for its off-exchange custody solution since it was launched with Binance in April 2024, and further expanded with Deribit in March 2025. Now including Bybit, Sygnum Protect is the largest bank operated off-exchange custody platform, with member exchanges now accounting for over 50% of global spot and  derivatives exchange volumes. 

“Sygnum Bank remains committed to working together with leading exchanges to enhance the resilience of the crypto  industry and empower institutions to trade with peace of mind,” says Dominic Lohberger, Sygnum Chief Client Officer.  “The rapid adoption of Sygnum Protect by institutional clients trading on Binance, Deribit, and now Bybit demonstrates  the urgent market need for bank-grade, off-balance sheet custody solutions. We are delighted to welcome Bybit to our  growing network of integrated exchanges.” 

“Crypto and stablecoin infrastructure is evolving, and managing counterparty risks is essential for further institutional  adoption,” said Yoyee Wang, Head of Business-to-Business Unit (BBU) at Bybit. “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.” 

Peace of mind is delivered through Sygnum’s robust custody infrastructure and expert security team. Together, they  safeguard client assets by integrating multiple security layers – including advanced software-hardware controls, rigorous  governance and independent third-party audits – to ensure maximum protection and eliminate single points of failure. Additional protection is provided by Sygnum’s ability to hold client crypto assets off-balance sheet, making them  bankruptcy remote under Swiss banking law.