Sygnum Bank Expands Crypto Options Custody with Deribit Partnership

Sygnum Bank, a leading Swiss digital asset bank, has expanded its custody services to include Deribit, a leading crypto options exchange. This strategic move aims to enhance the security and accessibility of crypto options trading for clients of both institutions.

Deribit, renowned for its innovative crypto options platform, will now benefit from Sygnum's robust custody infrastructure. This collaboration enables Deribit to offer its clients a more secure and efficient way to manage their crypto options positions.

Sygnum Bank, established in 2018, has been at the forefront of providing banking services for the digital asset industry. The bank's expansion into crypto options custody is a testament to its commitment to supporting the growth and development of the crypto ecosystem.

The crypto industry has witnessed a surge in interest from institutional investors, who are increasingly seeking secure and reliable custody solutions. Sygnum's expansion into crypto options custody aligns with this growing demand, further solidifying its position in the market.

Deribit, launched in 2016, has been a pioneer in the crypto options space. The exchange offers a wide range of options contracts, including those on Bitcoin, Ethereum, and other major cryptocurrencies. Its collaboration with Sygnum Bank is expected to further strengthen its position in the market.

As the crypto industry continues to evolve, collaborations between established financial institutions and innovative crypto firms are becoming more common. These partnerships drive the growth and adoption of digital assets while enhancing the security and reliability of the ecosystem.