Bybit News: Partnership with Zodia Custody to Enhance Institutional Offerings

Bybit has announced a strategic partnership with Zodia Custody, aiming to provide institutional clients with advanced segregated custody and off-venue settlement solutions.

Bybit Partners with Zodia Custody for Institutional Client Segregated Custody

Bybit has entered a partnership with crypto custodian Zodia Custody to provide institutional clients with segregated custody and off-venue settlement solutions. The partnership aims to offer transparent fees and reduce risk exposure for larger investors. Zodia Custody, founded in 2020 and backed by Standard Chartered and SBI Holdings, offers crypto custody services. Bybit Institutional, the exchange’s arm targeting larger investors, benefits from this partnership through ’Independent Custody,’ allowing investors to trade on a platform with segregated funds.

Bybit $1.5 Billion Heist Reshapes Crypto Security Ethos

The crypto market’s dynamism has led to the quick obsolescence of once-gold standard security practices, as miscreants devise sophisticated infiltration techniques. In February 2025, Bybit, one of the world’s largest cryptocurrency exchanges, experienced a $1.5 billion heist, marking a pivotal moment in the industry’s security evolution. This incident challenged many fundamental assumptions about crypto security, particularly the reliance on cold wallets and multi-signature (multisig) protocols.