Sygnum adds off-exchange crypto custody to Deribit with Fireblocks tech

Sygnum’s off-exchange custody platform allows traders to mirror assets held in Sygnum’s custody while trading on an exchange like Deribit.
Update (March 5, 2:00 pm UTC: This article has been updated to add commentary from Fireblocks Network’s Richard Astle.
Cryptocurrency banking firm Sygnum is partnering with crypto derivatives exchange Deribit, providing its off-exchange custody platform, Sygnum Protect.
On March 5, Sygnum announced the expansion of Sygnum Protect, its off-exchange custody platform, to include Deribit, one of the world’s largest derivatives exchanges in crypto.