Latest news with #ShunyetJan
Yahoo
23-07-2025
- Business
- Yahoo
Bybit and Cactus Custody launch secure trading solution
Bybit, the world's second-largest cryptocurrency exchange by trading volume, has formed a strategic partnership with Cactus Custody, an Asia-based digital asset custodian owned by the Matrixport Group. The collaboration delivers a new off-exchange settlement solution via Cactus Oasis, with the service expected to launch on July 28, 2025. This integration is specifically designed for institutional and professional clients, allowing them to trade on Bybit without having to pre-fund exchange accounts. In order to lower counterparty risk and preserve access to market liquidity, clients place collateral into Cactus Custody, where assets are kept in completely segregated, regulated custody and only moved to Bybit at the point of trade settlement. Shunyet Jan, head of institutional and derivatives at Bybit stated: "Bybit is committed to providing institutions with a secure and efficient trading environment. The integration of Cactus Oasis gives our clients more flexibility in managing liquidity without compromising asset protection. Furthermore, the new approach ensures that institutional clients maintain complete control over their assets until the precise moment of deal execution. This enables institutions to achieve internal governance standards while optimising capital usage and risk management systems. Cactus Custody's security infrastructure comprises a layered wallet system that combines hot and cold storage. The platform integrates hardware security module (HSM) encryption with institutional-grade cold storage protocols. It also has Deloitte SOC 1 Type 1 and SOC 2 Type 2 certifications and operates under Hong Kong Monetary Authority licenses, ensuring that it meets stringent industry standards. Furthermore, Cactus Oasis offers cross-platform custody through its own Buffer accounts. This structure speeds asset transfers across exchanges, allowing for better risk controls and settlement automation. Dual- and pre-authorisation modes, customisable workflows, and role-based access are among the features that ensure strict compliance with the KYC (Know Your Customer), KYB (Know Your Business), and KYT (Know Your Transaction) protocol. Wendy Jiang, General Manager of Cactus Custody shared: "This integration with Bybit addresses institutional demands for secure custody, risk reduction, and efficient post-trade settlement. It represents a meaningful step in advancing digital asset trading infrastructure and driving institutional adoption." The relationship is especially crucial for Asia-Pacific institutions, where legal certainty, capital flexibility, and solid risk management are essential for long-term institutional participation in digital assets. Bybit and Cactus Custody have both said that their joint objective is to promote the institutionalisation of cryptocurrency markets with compliant, transparent, and scalable infrastructure. This integration is expected to play a critical role in encouraging broader institutional adoption globally. "Bybit and Cactus Custody launch secure trading solution" was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Malaysian Reserve
23-07-2025
- Business
- Malaysian Reserve
Bybit and Cactus Custody Announce Strategic Partnership with Cactus Oasis Integration
DUBAI, UAE, July 23, 2025 /PRNewswire/ — Bybit, the world's second-largest cryptocurrency exchange by trading volume, today announces a strategic partnership with Cactus Custody, Asia's leading compliant and licensed digital asset custodian under Matrixport Group. Together, they are launching an off-exchange settlement solution via Cactus Oasis, designed to enhance asset security, capital efficiency, and operational control for institutional clients. The integration will go live on July 28, 2025. This partnership enables institutional and professional clients to trade directly on Bybit without pre-funding exchange accounts. Clients deposit collateral into Cactus Custody, where assets are held in fully segregated, regulated custody and transferred to Bybit only at the point of trade settlement, reducing counterparty risk while maintaining access to market liquidity. Shunyet Jan, Head of Institutional and Derivatives at Bybit, commented: 'Bybit is committed to providing institutions with a secure and efficient trading environment. The integration of Cactus Oasis gives our clients more flexibility in managing liquidity without compromising asset protection.' Enhanced Asset Security and Efficiency With Cactus Oasis, institutional clients can trade on Bybit while keeping their collateral securely held in independent custody. Assets remain protected with Cactus Custody until trade settlement, improving capital efficiency and aligning with strict internal governance requirements. Cactus Custody delivers bank-grade security through a tiered hot and cold wallet system, combining hardware security module (HSM) encryption with institutional-grade cold storage. It holds SOC 1 Type 1 and SOC 2 Type 2 certifications from Deloitte and is licensed as a Hong Kong Trust Company and Trust or Company Service Provider (TCSP) under the Hong Kong Monetary Authority, meeting the compliance standards of leading financial institutions. Cactus Oasis: Tailored for Institutional Needs Cactus Oasis offers cross-platform custody through Buffer accounts, a Cactus Oasis feature, streamlining asset management across multiple exchanges. It provides flexible risk controls, including dual- and pre-authorization modes, customizable approval and settlement workflows, and compliance with KYC, KYB, and KYT requirements. Role-based access and multi-level permissions ensure robust governance and operational efficiency. Wendy Jiang, General Manager of Cactus Custody, said: 'This integration with Bybit addresses institutional demands for secure custody, risk reduction, and efficient post-trade settlement. It represents a meaningful step in advancing digital asset trading infrastructure and driving institutional adoption.' Driving Institutional Adoption Globally Bybit and Cactus Custody share a joint vision of supporting institutional adoption with compliant, transparent, and scalable infrastructure. This partnership is particularly impactful for institutions in the Asia-Pacific region, where regulatory clarity, risk controls, and capital flexibility are essential to long-term engagement. #Bybit / #TheCryptoArk / #IMakeIt 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 For more details about Bybit, please visit Bybit PressFor media inquiries, please contact: media@ updates, please follow: Bybit's Communities and Social Media Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube Logo – View original content:
Cision Canada
23-07-2025
- Business
- Cision Canada
Bybit and Cactus Custody Announce Strategic Partnership with Cactus Oasis Integration
DUBAI, UAE, July 23, 2025 /CNW/ -- Bybit, the world's second-largest cryptocurrency exchange by trading volume, today announces a strategic partnership with Cactus Custody, Asia's leading compliant and licensed digital asset custodian under Matrixport Group. Together, they are launching an off-exchange settlement solution via Cactus Oasis, designed to enhance asset security, capital efficiency, and operational control for institutional clients. The integration will go live on July 28, 2025. This partnership enables institutional and professional clients to trade directly on Bybit without pre-funding exchange accounts. Clients deposit collateral into Cactus Custody, where assets are held in fully segregated, regulated custody and transferred to Bybit only at the point of trade settlement, reducing counterparty risk while maintaining access to market liquidity. Shunyet Jan, Head of Institutional and Derivatives at Bybit, commented: "Bybit is committed to providing institutions with a secure and efficient trading environment. The integration of Cactus Oasis gives our clients more flexibility in managing liquidity without compromising asset protection." Enhanced Asset Security and Efficiency With Cactus Oasis, institutional clients can trade on Bybit while keeping their collateral securely held in independent custody. Assets remain protected with Cactus Custody until trade settlement, improving capital efficiency and aligning with strict internal governance requirements. Cactus Custody delivers bank-grade security through a tiered hot and cold wallet system, combining hardware security module (HSM) encryption with institutional-grade cold storage. It holds SOC 1 Type 1 and SOC 2 Type 2 certifications from Deloitte and is licensed as a Hong Kong Trust Company and Trust or Company Service Provider (TCSP) under the Hong Kong Monetary Authority, meeting the compliance standards of leading financial institutions. Cactus Oasis: Tailored for Institutional Needs Cactus Oasis offers cross-platform custody through Buffer accounts, a Cactus Oasis feature, streamlining asset management across multiple exchanges. It provides flexible risk controls, including dual- and pre-authorization modes, customizable approval and settlement workflows, and compliance with KYC, KYB, and KYT requirements. Role-based access and multi-level permissions ensure robust governance and operational efficiency. Wendy Jiang, General Manager of Cactus Custody, said: "This integration with Bybit addresses institutional demands for secure custody, risk reduction, and efficient post-trade settlement. It represents a meaningful step in advancing digital asset trading infrastructure and driving institutional adoption." Driving Institutional Adoption Globally Bybit and Cactus Custody share a joint vision of supporting institutional adoption with compliant, transparent, and scalable infrastructure. This partnership is particularly impactful for institutions in the Asia-Pacific region, where regulatory clarity, risk controls, and capital flexibility are essential to long-term engagement. #Bybit / #TheCryptoArk / #IMakeIt 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
Cision Canada
08-05-2025
- Business
- Cision Canada
Bybit Forges "Bridges of the World" at Flagship Institutional Symposium, Culminating TOKEN2049 Week in Dubai
DUBAI, UAE, May 8, 2025 /CNW/ -- Bybit, the world's second-largest cryptocurrency exchange by trading volume, successfully concluded TOKEN2049 Week with its flagship Institutional (INS) Symposium, an exclusive, invite-only event designed to foster deeper connections and collaborative innovation within the institutional crypto space. Tailored for hedge funds, family offices, and high-net-worth investors, the symposium convened Bybit's top institutional clients and ecosystem partners for a full day of thought leadership, strategic alignment, and insightful discussions on the future of digital finance. Held under the theme of Bridges of the World, the event embodied the company's mission to build transformative connections between traditional finance and the emerging digital asset ecosystem, while paving the way for forward-thinking, inclusive financial growth. The agenda for the symposium was curated to provide actionable insights, including high-level discussions on macroeconomic trends, as well as deep dives into Bybit's cutting-edge institutional-grade products. Attendees explored partnership opportunities across several strategic areas, including advanced derivatives, unified loan account, API infrastructure, custody solutions, as well as stronger security and wallet solutions — all critical elements in building a resilient bridge to the future of finance. Shunyet Jan, Head of Institutional and Derivatives at Bybit, shared, "Bybit's 100% growth in institutional clients in 2024, surpassing 2,000 active entities, reflects the growing trust in our platform. This momentum is strengthened by strategic partnerships, including our collaboration with Zodia Custody for off-venue settlement solutions, responding to industry security concerns. Alongside partners like Fireblocks and Copper, we continue to ensure secure, institutional-grade custody for our clients." Throughout the event, leading voices from the industry shared their expertise, including Paul Kremsky, Head of Business Development at Cumberland; Jordi Alexander, CEO of SLN Selini Capital; and Dom Longman, Managing Director for the Middle East and Africa at Zodia Custody. Their participation underscored the importance of institutional engagement in shaping the future of crypto, highlighting the evolving role of regulated institutions in bridging the gap between traditional finance and digital assets. "The symposium was about fostering deeper relationships and creating space for institutions to align on shared goals," added Shunyet Jan. "By offering an inside look at what's coming next and opening the floor for collaboration, we're laying the foundation for future growth — together." Attendees from leading firms praised Bybit's resilience, innovation, and strong community presence. Han of Adaptive Frontier said, "Super well done handling the hack. Everyone was just super impressed. It gave us a lot of comfort." Jonas Schmidt of SSW Alpha Rock Fund PCC Ltd called it "an amazing experience trading with Bybit, one of the best exchanges," adding, "I wouldn't be happier with the exchange." Vincent Liu of Kronos Research shared his impression of the gathering: "This is a great event so far today. You guys have some great guests." Allen Fok of Elk Crypto concluded, "I'm really glad you guys are doing something like this — to have everybody in the same place where we can talk." Salim Dhanani of Pave Bank added, "The market is only going to grow 100x bigger and I think Bybit's perfectly positioned to capture it." Bybit's active role during TOKEN2049 Week further solidified its long-standing commitment to advancing global crypto adoption through education, infrastructure development, and strategic partnerships. As Dubai continues to establish itself as a global digital asset hub, Bybit is proud to contribute to the growth of the sector and support the institutions that are building the future of finance. About Bybit Bybit is the world's second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 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
Malaysian Reserve
07-05-2025
- Business
- Malaysian Reserve
Bybit Launches Gold Exclusive Trading Zone With $800,000 Prize Pool
DUBAI, UAE, May 7, 2025 /CNW/ — Bybit , the world's second-largest cryptocurrency exchange by trading volume, has announced the launch of its Gold Exclusive Trading Zone, offering users a unique opportunity to trade gold alongside crypto assets and compete for a share of an $800,000 prize pool. This initiative marks the first time Bybit enables users to trade gold with USDT across multiple platforms in one seamless experience, further solidifying its position at the forefront of financial innovation. The campaign follows a record-breaking surge in gold prices and represents Bybit's latest move to bridge traditional financial assets with digital innovation. From now through June 10, 2025, Bybit users can now trade traditional gold pairs such as XAU/AUT+, XAU/EUR+, XAU/JPY+, and XAU/USD+ with USDT via Bybit Gold & FX. Additional options include trading XAUT on Spot or PAXG/XAUT on Derivatives. Those interested in yield opportunities can subscribe to XAUT Flexible Savings or invest in XAUT Dual Assets for more sophisticated strategies. Participants who complete gold trading tasks will be eligible for a range of exclusive rewards, including luxury gold rings, gold coins, and generous USDT airdrops. Each completed task earns users a lucky draw ticket, increasing their chances of winning as their trading activity grows. 'This launch is a powerful step forward in our mission to integrate the best of traditional finance with the speed and accessibility of crypto,' said Shunyet Jan, Head of Derivatives Business and Institutional Sales at Bybit. 'Bybit's Gold Exclusive Trading Zone gives users a seamless way to engage with gold, earn rewards, and diversify their portfolios in one unified platform.' The Gold Exclusive Trading Zone is open to eligible users who complete Identity Verification Level 1 and reside in supported jurisdictions. All prizes, including physical items, will be distributed in the equivalent USDT value through the Bybit Rewards Hub. Full campaign details and terms can be found on Bybit's official campaign page . About Bybit Bybit is the world's second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 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 . For more details about Bybit, please visit Bybit Press For media inquiries, please contact: media@ For updates, please follow: Bybit's Communities and Social Media Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube View original content to download multimedia: SOURCE Bybit
