Swiss digital bank Sygnum has expanded its cryptocurrency custody services by adding support for Deribit, one of the world’s leading cryptocurrency exchanges for options trading. As part of a partnership with Fireblocks, users can now securely store their assets at a licensed bank while continuing to trade on Deribit without the risk of losing funds on the exchange. This solution has become particularly relevant after major hacker attacks, such as the theft of $1.4 billion from Bybit. The partnership aims to reduce risks and enhance security for investors, making the use of regulated solutions for cryptocurrency custody increasingly necessary
3/6/2025 8:42:25 AM (GMT+1)
Sygnum Bank expands cryptocurrency custody services by integrating Deribit to enhance investor security and reduce the risks of storing assets on exchanges
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This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
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