Crypto Bank Sygnum has expanded its custody platform to include the world’s leading opportunities that exchange.

Sick Num and Deribit are now utilizing the Crypto Custodian Fireblocks’ “Off Exchange” service, which allows traders to essentially “mirror” their assets that are in custody on a trading platform.

This will allow traders to keep their assets in a regulated bank while continuing to access the deep liquidity of abandoned, according to a message shared with Coindesk on Wednesday.

Dealers received an unwelcome reminder of the dangers of keeping their assets on an exchange last month with $ 1.4 billion hack of city bites of the North Korean group Lazarus.

“Counterparty risk awareness in crypto is coming into bicycles, and the recent major cyber attack has triggered one of the biggest waves of exchange of exchange since FTX,” said Sygnum’s main product manager Dominic Lohberger.

Zurich-based Sygnum, which acquired a valuation of over $ 1 billion after a $ 58 million financing round, is licensed in its original Switzerland as well as Luxembourg and Singapore.

Deribit is among the world’s leading derivative exchange, where trade volume surpasses $ 1 trillion in 2024. Its option volume alone reached $ 743 billion.