#Bybit #United Arab Emirates #Dubai #crypto exchange #KOMAINU

Bybit and Komainu Join Forces for 24/7 Secure Trading

In an innovative move within the cryptocurrency industry, Bybit, recognized as the second-largest cryptocurrency exchange globally by trading volume, has announced its partnership with Komainu. This venture aims to provide institutional investors with continuous safe trading options alongside regulated custody services for digital assets. The partnership marks a significant advancement, especially as institutional demand for secure and compliant trading solutions continues to increase.

Komainu, a regulated digital asset custody and service provider backed by Laser Digital and Blockstream, offers an integrated platform called Komainu Connect that facilitates collateral management. With Bybit’s participation in this platform, institutional clients can trade their assets without the fear of counterparty risk, as their assets are securely held with a regulated external custodian while remaining tradeable on the exchange.

The collaboration emphasizes a variety of key benefits:

1. Full Collateral Mirroring: All delegated digital assets are mirrored in collateral wallets on the exchange, ensuring that there is full transparency and security.
2. Off-Exchange Settlement Process: The transactional model allows for off-exchange settlements, which eliminates the need for pre-funding on the exchange, thus simplifying the trading process.
3. Transparency and Security: All assets are stored in on-chain segregated wallets, greatly minimizing bankruptcy risks and ensuring maximum transparency for clients involved.
4. Holistic Approach to Custody: By providing specific wallets for each customer, clients can enjoy a personalized and secure experience.
5. Scalability and Support: The infrastructure supports a wide range of institutional-level digital assets, facilitating growth and investment flexibility.

Paul Frost Smith, co-CEO of Komainu, expressed his enthusiasm about the partnership, stating, "We are thrilled to welcome Bybit into the Komainu Connect ecosystem. Institutional investors increasingly require access to market opportunities without compromising on security or compliance. Komainu Connect bridges regulated secure custody with seamless market access, enhancing our list of trusted exchanges and solidifying our commitment to a safer and more efficient trading environment for active investors."

Similarly, Yoyee Wang, Head of Business to Business Unit at Bybit, highlighted the importance of security and trust for their customers, asserting that this partnership is a strategic response to client needs. Bybit is keen on enhancing its capabilities through this collaboration, integrating safe, regulated custody solutions with the flexibility and scalability that institutional investors demand.

Founded in 2018, Bybit has redefined openness in the decentralized world of cryptocurrency, now serving over 60 million users worldwide. The exchange focuses heavily on Web3 technologies, working closely with leading blockchain protocols to foster innovation and a more robust infrastructure for its clients. Besides offering an intuitive user experience, Bybit has garnered a reputation for outstanding security measures and diverse marketplace options.

In summary, this partnership between Bybit and Komainu represents a significant turning point in the cryptocurrency landscape, with the potential to greatly benefit institutional investors looking for secure, compliant trading options. As the crypto market continues to evolve, the collaboration sets a new standard for safety and efficiency in digital finance, encouraging further developments that bridge traditional finance with the growing decentralized network.

For more information, please visit the Bybit website.

About Bybit

Bybit is a leader in crypto trading, constantly innovating to provide a better experience for users. It strives to balance traditional finance with decentralized finance capabilities, ensuring its users have the resources to navigate the evolving market landscape seamlessly.

About Komainu

Komainu serves as the institutional gateway for digital assets, with headquarters in Jersey and offices in London, Dubai, and Singapore. It provides a bank-grade infrastructure, ensuring safe, connected custody services under regulatory supervision, bridging traditional financial expertise with next-gen security standards for digital asset custody and financing.