Zodia Custody has launched BitMEX on its Interchange network, expanding trading opportunities and market access for Zodia Custody clients while keeping assets secure. The launch enables users to trade directly on BitMEX while their assets remain securely held in Zodia Custody, combining seamless market access with robust security.
Zodia Custody, the institution-first digital assets platform with shareholders and investors including Northern Trust, Standard Chartered, SBI Holdings, Emirates NBD, and National Australia Bank, also brings the BitMEX centralized exchange onto Interchange as the latest trading venue available to Zodia Custody Limited (UK) clients. Interchange uses collateral locking and asset mirroring to ensure that clients’ assets are reserved for trades and protected until settlement, reducing counterparty risk and supporting secure, high-volume institutional trading.
Meanwhile, Zodia Custody enables institutional investors around the globe to realize the full potential of the digital assets future through the combination of its custody, treasury, and settlement solutions without compromise. Wing Cheah, the head of Interchange Product at Zodia Custody, emphasizes that in successfully launching BitMEX on the Interchange network, his company’s clients gain direct access to a leading derivatives exchange without compromising custody of their assets.
Cheah says integration provides clients with more trading options
According to Cheah, the integration with BitMEX provides clients with greater flexibility, more trading options, and the peace of mind that their assets remain safely in cold storage until settlement. Mark Collins, Head of Custody for BitMEX, also commented that the partnership with Zodia Custody cements BitMEX’s position as a premier institutional-grade trading platform.
Collins further notes that by incorporating a dedicated custodian that bridges traditional finance and the crypto market, the partnership aims to reinforce both companies’ commitment to providing the security, transparency, and compliance required to serve the global professional client base. Interchange is becoming the network of choice for established financial institutions and crypto-native firms seeking secure access to centralized exchanges and OTC liquidity. Interchange is available to eligible institutional/professional clients in select jurisdictions.
Internchange allows off-exchange settlements
Based on recent developments, Zodia Custody’s Interchange network supports off-exchange settlements, enabling institutions to keep assets in separate, bank-grade custody (at Zodia) while simultaneously trading on partner exchanges. The structure also addresses security concerns for institutional investors.
Meanwhile, the Zodia Custody Interchange network recently integrated with Deribit, Re7 Capital, and Bybit. Zodia also launched Interchange Connect to further integrate with other network providers, such as Fireblocks, Copper, and Metaco.
On the other hand, Interchange allows investors to tap into diverse liquidity pools, connecting to a rigorously vetted network of trading, brokerage, and financing venues. It also allows settlements across all major digital asset classes through a single, integrated, and secure solution tailored to each user’s strategy and risk profile.
Furthermore, Interchange boosts efficiency by automating net settlement, gas fee management, and trade or collateral execution. It also delivers maximum security through programmable, rules-based workflows. Trading across multiple venues mirrors holdings without the need to move assets.
