Unbelievable Crypto Partnership: Sygnum and Deribit Join Forces! 🚀

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Story Highlights

  • Sygnum Protect Shields Traders from Exchange Failures and Hacks
  • Institutional Traders Gain Security Without Sacrificing Liquidity
  • Sygnum Protect Attracts Growing Interest from Institutional Clients

Ah, the Swiss crypto bank Sygnum, a veritable fortress of financial wizardry, has taken a grand leap into the abyss of crypto trading safety! With a flourish, they welcome the illustrious Deribit, the reigning monarch of global crypto derivatives exchanges. Traders, rejoice! For through this partnership, you shall bask in the warm glow of regulatory safety while frolicking on the Deribit trading platform like a child in a candy store. 🍬

Sygnum Protect Offers Shield Against Crypto Exchange Failures

In the dawn of 2024, Sygnum unveiled its pièce de résistance: Sygnum Protect! A veritable knight in shining armor for institutional traders. With the magic of Off Exchange technology, courtesy of the wizards at Fireblocks, Deribit traders can now keep their precious replica assets under the watchful eye of Sygnum while executing trades on Deribit. It’s like having your cake and eating it too, all while dodging the dragons of exchange failures and cyberattacks! 🐉

As the crypto world quakes in fear of safety breaches, the echoes of the FTX collapse still haunt the dreams of many a trader. The horror! The horror! With countless traders left clutching their empty pockets, the urgent need to separate trading platforms from crypto asset storage has never been clearer. Dominic Lohberger, Sygnum’s Chief Product Officer, assures us that this alliance is the magic spell needed to protect our crypto trading escapades.

But wait, there’s more! The integrated solution is a veritable buffet for institutional traders, serving up safety with a side of adaptability. Luuk Strijers, the CEO of Deribit, waxes poetic about how this partnership allows traders to wield Deribit’s trading tools without putting their hard-earned funds in jeopardy. And let’s not forget Michael Shaulov of Fireblocks, who declares that their technology is like a guardian angel, protecting funds from the clutches of theft and fraud. 😇

Sygnum Protect Attracts Institutional Traders for Secure Custody

With the Off Exchange solution from Fireblocks, customers gain the ultimate power: complete control over their assets! Instant trading capabilities without the pesky need to transfer ownership? Yes, please! This protection against unexpected platform failures or scam incidents is like having a safety net made of gold. 💰

Since the grand unveiling of Sygnum Protect, the bank has seen a surge of interest from institutional trading clients. The service offers the delightful option of using fiat currencies, crypto, and even conventional securities as collateral. And fear not, for your assets are shielded from the grim specter of bankruptcy proceedings, as they remain blissfully off the balance sheet.

In this wild and whimsical world of crypto trading, the alliance between Sygnum, Deribit, and Fireblocks is a beacon of enhanced security. Their unwavering focus on security and transparency allows institutional traders to protect their assets and engage in trading operations with the confidence of a cat walking on a tightrope. 🐱‍👤

 

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2025-03-06 18:55