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Bybit Partners with Komainu for Secure Institutional Trading

In a significant move for the cryptocurrency trading industry, Bybit, recognized as the second-largest cryptocurrency exchange globally by trading volume, has entered into a partnership with Komainu. This collaboration aims to offer a secure and efficient trading solution for institutional investors, facilitating 24/7 transactions on distinct assets held in custody.

Komainu, known for its regulated digital asset services and as a custodian backed by Laser Digital and Blockstream, is enhancing its Komainu Connect platform by integrating Bybit into its ecosystem. This strategic alliance means that institutional clients will now experience unprecedented flexibility, allowing them to securely manage their transactions while safeguarding their digital assets.

Key Benefits of the Partnership

• - Secure Transactions: Institutional clients can engage in trading activities round the clock while ensuring the highest level of asset security. Bybit’s partnership with Komainu enables clients to have their assets held by a regulated third-party custodian, minimizing counterparty risk.
• - Automated Settlement Process: The integration offers an off-market, regulated settlement process that negates the need for pre-funding transactions completed on regulated markets. This streamlining helps clients to engage more efficiently in market opportunities.
• - Transparency and Security: All assets maintained in this new partnership are stored in separate on-chain wallets, protected from insolvency risks. This arrangement fosters a climate of legal clarity and transparency for investors.
• - Holistic Portfolio Management: Customized portfolios for each client allow for dedicated asset management, catering specifically to the needs of institutional investors.
• - Comprehensive Asset Coverage: There’s a growing range of institutional-quality assets available for clients, thanks to Komainu’s expansive network of market participants.

Paul Frost Smith, Co-CEO of Komainu, expressed enthusiasm about Bybit’s integration, stating, "We are thrilled to incorporate Bybit into the Komainu Connect ecosystem. Institutional investors increasingly seek opportunities in the market without sacrificing security or compliance, which Komainu Connect facilitates by combining regulated custody with seamless access to the market."

In a similar vein, Yoyee Wang, Head of the Business to Business Unit at Bybit, emphasized the company’s commitment to client security, adding that this partnership reflects their ongoing efforts to meet customer needs while offering regulated custody solutions along with the flexibility and scalability required by the market.

Future Directions

This partnership marks a pivotal moment in the world of digital assets, driving a more secure environment for institutional trading. As Bybit continues to expand its offerings, the focus on Web3 and blockchain infrastructure remains paramount, aiming to bridge the gaps between traditional finance and decentralized finance. Komainu’s robust architecture complements Bybit’s commitment to innovation, ensuring that clients can participate in a rapidly evolving market landscape.

As the interest in cryptocurrency from institutional investors grows, this partnership may well set the standard for future initiatives within the industry. Both companies are poised to leverage their expertise to build an ecosystem that enhances security, transparency, and efficiency in digital asset trading.

For more information about Bybit, explore their offerings at Bybit.com.

To learn more about Komainu and its services, visit Komainu.com.