Bybit Partners with Cactus in Strategic Agreement, Incorporating Cactus Oasis
Bybit, a leading cryptocurrency exchange, is set to enhance the security, capital efficiency, and risk management for its institutional clients with the integration of Cactus Oasis. This integration is scheduled to go live on July 28.
Cactus Oasis, a subsidiary of Matrixport Group, is an off-exchange settlement solution designed for institutional investors. It offers independent asset custody and streamlined post-trade settlement, providing a secure environment tailored for professional clients.
The integration allows institutional users to trade directly on Bybit without pre-funding their exchange accounts. Instead, clients deposit collateral into Cactus Custody, a fully regulated and segregated custody service. Assets are held securely under Cactus Custody, preventing exposure to exchange insolvency or breaches before settlement.
This approach significantly reduces counterparty risk, as assets are only transferred to Bybit at the moment of trade settlement, ensuring that clients maintain control and protection of their assets throughout the trading process.
Key enhancements through this integration include asset security, capital efficiency, risk management, operational control, and flexibility. By not requiring clients to pre-fund accounts on the exchange, capital remains efficiently deployed and under strict internal governance, enabling more flexible liquidity management.
Cactus Oasis offers cross-platform custody, enabling centralized asset management and efficient transfers. The solution is certified with SOC 1 Type 1 and SOC 2 Type 2 by Deloitte, ensuring robust security and operational transparency.
Moreover, Cactus Oasis meets institutional-grade compliance standards with KYC, KYB, and KYT requirements, alongside role-based access control with multi-level permission settings. It also provides flexible risk controls, including dual-authorization and pre-authorization modes, with customizable approval and settlement workflows.
In summary, the integration of Cactus Oasis into the Bybit platform establishes a secure, efficient, and controlled environment tailored for institutional and professional clients. This move is expected to strengthen Bybit's position as a preferred platform for institutional investors seeking secure and efficient trading solutions.
[1] Bybit Press Release, "Bybit Integrates Cactus Oasis for Enhanced Security, Capital Efficiency, and Risk Management," [Date], [Link]
[2] Cactus Custody Press Release, "Cactus Oasis: Off-Exchange Settlement Solution for Institutional Investors," [Date], [Link]
- Bybit's integration of Cactus Oasis, an off-exchange settlement solution designed for institutional investors, is anticipated to boost security, capital efficiency, and risk management for its institutional clients.
- The Cactus Oasis integration enables institutional users to trade directly on Bybit without pre-funding their exchange accounts, allowing for more efficient deployment and management of capital.
- With Cactus Oasis, assets are held securely under a fully regulated and segregated custody service, reducing counterparty risk and ensuring clients maintain control and protection of their assets throughout the trading process.
- Cactus Oasis offers cross-platform custody, institutional-grade compliance, and robust security standards, including SOC 1 Type 1 and SOC 2 Type 2 certifications from Deloitte, making it a secure solution for digital asset management in the finance sector.
