Matrixport's custody platform, Cactus Custody, has entered into a strategic partnership with Bybit.

Cactus Custody, a compliant digital asset custodian under Matrixport Group, has announced a strategic partnership with Bybit. Its over-the-counter (OTC) settlement system, Cactus Oasis, has been officially integrated into the Bybit platform and will be officially put into use on July 28th in the early morning. Cactus Custody and Bybit are working together to bring innovative OTC settlement solutions to the market and enhance the trading experience for crypto investors. Cactus Oasis is an OTC settlement system created by Cactus Custody specifically for institutional clients. After Bybit officially puts Cactus Oasis into use, institutional users can enjoy Bybit's smooth trading experience and liquidity, as well as independent asset custody, reducing counterparty risk. At the same time, institutional users do not need to deposit funds into the platform in advance, and can quickly participate in spot and contract market transactions through simple offline authorization. [Odaily News]