Bybit Boosts Security with Zodia Custody Partnership Post-Hack
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Bybit partners with Zodia Custody
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Another important benefit of the recent update is the off-venue settlement. This implies that traders and investors do not have to pre-fund their Bybit trading accounts. Instead, their funds remain in custody until a trade is executed. This avenue cuts down exposure to exchange-related risks and improves capital efficiency.
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Financial giants like Northern Trust SBI Holdings Standard Chartered back Zodia Custody. Unlike traditional exchange wallets that often mix customer funds, Zodia makes sure that assets remain segregated. This approach makes it harder for hackers to access customer funds and minimizes the risks of mismanagement or insolvency.
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