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Bybit and Zodia Custody Collaborate to Bolster Institutional Security
In a recent joint statement, major cryptocurrency exchange Bybit and digital asset custody provider Zodia Custody announced their collaboration aimed at strengthening institutional security. This move is expected to have a significant impact on the industry, potentially setting a new standard for crypto market security.
Bybit Partners with Standard Chartered-backed Custodian
Bybit, a global leader in the cryptocurrency trading space, has partnered with Zodia Custody, a renowned digital asset custody expert. This strategic alliance will enable Bybit’s clients to benefit from Zodia’s cutting-edge institutional safeguarding measures. As a result, Bybit can now provide more robust security management for its institutional investors.
Industry-Wide Shift in Institutional Investor Confidence
The partnership may have a profound effect on the level of trust institutional investors place in the cryptocurrency market. This collaboration could set a new standard for digital asset protection, as seen in previous collaborations like Coinbase’s custodial service expansion. Bybit’s move mirrors these trends, emphasizing the importance of strong security protocols.
Bybit and Zodia Custody: A New Era in Institutional Security
The announcement highlights the shared responsibility between leading industry players to provide customized solutions that prioritize client assets. CEO Julian Sawyer emphasizes this point, stating:
“As leading players in the industry, Zodia Custody and Bybit have a shared responsibility to provide tailored solutions to increase security and protect capital for the institutions that use our services. That’s what we’re delivering through this partnership.”
As the cryptocurrency market continues to grow and mature, it is essential for institutional investors to prioritize security and trustworthiness in their crypto exchanges and custodial services.
Source: https://www.kanalcoin.com/bybit-zodia-custody-partnership/
