Crypto Change bybit has a significant partnership with Zodia Custody to strengthen its safety system. The step is taken after a hack of $ 1.45 billion in February 2025, causing BYBIT to face a large security crisis. Zodia Custody is a major institutional custody service provider, which will now provide institutional investors on the platform of Bybit, safety and separated custody services. Under this, investors will be able to trade on bybit while their assets will be safe in Zodia Custody, which will reduce the risk on the exchange and prevent the mixing of funds.
This partnership will further strengthen the safety system of Bybit and institutional investors will get confidence in the safety of their digital assets. Zodia Custody’s services are based on high safety standards like Traditional Financial Institution, which provide better safety to investors in Crypto World. Zodia’s CEO Julian Sawyer described this partnership as an important step for Institutional Investors and said that Zodia’s services are not “not for Crypto, but for institution.” Similarly, earlier Wazirx also partnered with Zodia Custody, behind which it was being claimed that Wazirx will restart the change with zodia custody,
Off-venue settlement increased safety and capital efficiency increased
This partnership of Bybit with Zodia Custody has also brought the facility of off-venue settlement, so that institute investors will not need to fund their assets already in exchange accounts. This means that investors can keep their assets safe in Zodia Custody and can trade directly in the accounts without exchange, increasing the safety of their amount.
Bybit’s Institutional Division bybit Institutional aims to guarantee transparency fees, liquidity and safety to its clients through this partnership. Bybit has already recovered 88% stolen assets, but the attack in February proves that safety is extremely important for Crypto exchanges.
Conclusion
This partnership between Bybit and Zodia Custody is an important step to solify the increasing concerns about safety in the cryptocurrency sector. This will not only provide better safety to institutional investors, but will also reduce the risk on the exchange. The safety services provided by the Zodia Custody will strengthen the trust of investors in the bybit change and will promote institutional investment in the Cryptocurrency Market in Future. Similarly, recently another important news related to Bybit has come out, which states that on 8 April Bybit will shut down your NFT marketIt is being told that the purpose of the company is to make its services easier behind this.
