The integration allows eligible institutional clients to trade on BitMEX while keeping assets under Zodia Custody’s off-venue settlement structure
London—
Zodia Custody said on April 21 that BitMEX has joined Interchange, its off-venue settlement network for institutional and professional digital asset clients.
The integration makes BitMEX the latest trading venue available to clients of Zodia Custody Limited in the UK. It allows eligible users to access BitMEX trading services while their assets remain held with Zodia Custody rather than being transferred directly to the exchange.
Interchange is designed to reduce counterparty risk by separating custody from trading activity. The network uses collateral locking and asset mirroring, allowing assets to be reserved for trading purposes while remaining under custody until settlement.
The arrangement reflects a broader shift in institutional crypto markets, where investors and trading firms are seeking access to centralised exchanges without leaving large balances on trading venues. Off-venue settlement models have gained attention following concerns over exchange counterparty exposure in the digital asset sector.
Wing Cheah, head of Interchange product at Zodia Custody, said the BitMEX integration gives clients access to a derivatives exchange while maintaining custody controls over their assets.
Mark Collins, head of custody at BitMEX, said the partnership supports the exchange’s efforts to serve professional clients with additional custody and settlement options.
BitMEX, known for its role in developing crypto derivatives markets and the perpetual swap, is now available through Interchange to eligible clients in selected jurisdictions. Zodia Custody said the service is supported by Zodia Custody Limited in the UK and is aimed at institutional and professional clients.
암호화폐 파생상품 시장 개발 및 영구 스왑 분야의 역할로 잘 알려진 BitMEX는 이제 Interchange를 통해 일부 관할권의 적격 고객에게 제공됩니다.
Dan Yoo
댓글
0