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

  • Sygnum first bank to provide off-exchange custody for Bybit, enabling spot and derivatives trading with assets held off-balance sheet in bank-grade custody at Sygnum Bank
  • Sygnum Protect is largest bank-operated off-exchange custody platform; member exchanges now account for over 50% of global annual spot and derivatives exchange volumes[i]
  • Asset balances with Sygnum instantly mirrored on exchange, with P&L automatically settled every eight hours
  • Next step in Sygnum Protect roadmap[ii] is automated collateral transfers between exchanges
    to further improve capital efficiency and allocation

Zurich, 9 September, 2025, 8:00 AM CET — 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 options[iii] 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 Product 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.

[i] Source: Sygnum and Coingecko

[ii] Expected Q1 2026

[iii] Digital asset collateral types include BTC, DOGE, DOT, ETH, LTC, USDC, USDT, XRP, SOL, DAI, LINK, BNB, ADA, AAVE. Forward roadmap also includes a range of Tokenized Money Market Funds (TMMFs).

About Sygnum
Sygnum is a global digital asset banking group, founded on Swiss and Singapore heritage. We empower professional and institutional investors, banks, corporates and DLT foundations to invest in digital assets with complete trust. Our team enables this through our institutional-grade security, expert personal service and portfolio of regulated digital asset banking, asset management, tokenization and B2B services.

In Switzerland, Sygnum holds a banking license and has CMS and Major Payment Institution licences in Singapore. The group is also regulated in the established global financial hubs of Abu Dhabi and Luxembourg and is registered in Liechtenstein.

We believe that the future has heritage. Our crypto-native team of banking, investment and digital asset technology professionals are building a trusted gateway between the traditional and digital asset economies that we call Future Finance. To learn more about how Sygnum’s mission and values are shaping this digital asset ecosystem, please visit sygnum.com and follow us on LinkedIn and X.

Media Contact:
Dominic Castley, Chief Marketing Officer
[email protected]

Sygnum Bank AG,
Uetlibergstrasse 134a,
8045 Zurich, Switzerland

About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3.

Discover the future of decentralized finance at Bybit.com.

Bybit Media contact  
Tony Au, Head of PR, Bybit
[email protected]

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The information in this publication pertaining to Sygnum Bank AG (“Sygnum”) is for general information purposes only, as per date of publication, and should not be considered exhaustive. This publication does not consider the financial situation of any natural or legal person, nor does it provide any tax, legal or investment advice. This publication does not constitute any advice or recommendation, an offer or invitation by or on behalf of Sygnum to purchase or sell any assets. No elements of precontractual or contractual relationship are intended. While the information is believed to be from accurate and reliable sources, Sygnum makes no representation or warranties, expressed or implied, as to the accuracy of the information. Sygnum expressly disclaims any and all liability that may be based on such information, omissions, or errors thereof. Any statements contained in this publication attributed to a third party represent Sygnum‘s interpretation of the data, information and/or opinions provided by that third party either publicly or through a subscription service, and such use and interpretation have not been reviewed by the third party. Sygnum reserves the right to amend or replace the information, in part or entirely, at any time, and without any obligation to notify the recipient of such amendment / replacement or to provide the recipient with access to the information. Simultaneously, there is no obligation of Sygnum to inform recipients of information, if before provided information later becomes outdated, inaccurate or obsolete, unless otherwise provided by applicable law. The information provided is not intended for use by or distributed to any individual or legal entity in any jurisdiction or country where such distribution, publication or use would be contrary to the law or regulatory provisions or in which Sygnum does not hold the necessary registration, approval authorization or license. Except as otherwise provided by Sygnum, it is not allowed to modify, copy, distribute or reproduce, display, license, or otherwise use any content for commercial purposes.

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