Swiss Banker Meets Crypto: Bybit Joins Sygnum in a Ballet of Custody, Sarcasm, and Surprises

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In Switzerland, where the cows chew thoughtfully and bankers frown at anything unregulated, the digital asset bank Sygnum has brought the crypto exchange Bybit under its wing. This is astonishing, not because bankers have suddenly found their inner rebels, but because no one expected them to actually enjoy herding crypto assets into regulated pastures. Bybit clients can now frolic in spot and derivatives trading, safely penned in a bank-grade custody field. The assets? Held mysteriously off the balance sheet, as if the bank had misplaced them behind an ornate clock, regulated to a fault, and admired by accountants everywhere. 🤨

Now, the Bybit institutional crowd can trade away, waving collateral in the form of crypto and stablecoins, all held at Sygnum-no pockets, no socks, just digital vaults. Their balances are mirrored on the exchange in real time, presumably so no one feels left out at the party. Meanwhile, P&L is settled every eight hours, which is surely just long enough for one existential crisis, a cappuccino, and a nap.

For context: Sygnum Protect was born amid the grandeur of April 2024 with Binance, and then-after coffee breaks and some Swiss watch-tapping-it expanded in March 2025 to Deribit. The network now reigns as the largest bank-operated off-exchange custody service, its member exchanges responsible for over half of the world’s spot and derivatives exchange volumes. (The other half lives in darkness, unregulated, and eating instant noodles.) Sygnum’s roadmap promises automated collateral transfers between exchanges, so capital will zip from place to place like a well-trained dog chasing sausages, allocating with efficiency that would make even the Swiss Railways blush. 🕰️💼

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2025-09-10 12:22