Sygnum’s integration into Deribit aims to mitigate counterparty risks by separating custody from direct exchange trading

Quotes that support claims

Sygnum and Deribit are now leveraging crypto custodian Fireblocks' "Off Exchange" service

“This allows the trading client to trade on Deribit without pre-funding the exchange. Importantly, this uses the exact same technical integration of Fireblocks Off Exchange, except the custodian would verify any settlements with the exchange,” Astle told Cointelegraph.