Bybit's integration with Cactus Custody introduces a revolutionary off-exchange settlement system, significantly reducing counterparty risk for institutional clients.
Bybit has partnered with Cactus Custody to integrate the Cactus Oasis off-exchange settlement system, which will launch on July 28, 2025. This system allows assets to remain under Cactus Custody’s control until trade execution, mitigating counterparty risks and enhancing liquidity management for institutional clients. The integration addresses security concerns in the wake of a recent $1.5 billion hack, providing a structural solution that separates custody and execution, aligning with regulatory expectations.