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Cryptocurrency exchange Bybit has announced a partnership with institutional digital asset trading technology provider Talos.
According to a press release on Thursday, the partnership will enable Bybit to streamline access for institutions looking to enter the crypto markets via the Talos platform.
Talos offers a trading infrastructure that is suitable for institutional use. The company also provides services ranging from trading to portfolio and settlement tools. Their solutions are available directly or through white-label partners globally.
"Bybit understands the burgeoning demand for advanced trading solutions required by increasingly sophisticated institutions as they pursue growth opportunities in cryptocurrency. We are excited to partner with Talos to facilitate fast, trustworthy, and secure access to digital asset investments,” said Ben Zhou, co-founder and CEO of Bybit.
“Bybit is on a mission to offer next-level opportunities across the board. This partnership will allow us to offer the tech needed for streamlined trading operations and bridge the gap between institutional investors and digital currency networks," he added.
According to data from CoinMarketCap, Bybit is the 7th largest spot exchange in the world, as well as the second largest derivatives exchange just behind Binance. The exchange claimed the no. 2 spot in futures and perpetuals trading several times year to date.
Earlier this year, institutional digital asset custody and trading solutions provider Copper inked a deal with Bybit to offer custodial and settlement services for the Singapore-based cryptocurrency exchange's institutional clients via Copper's ClearLoop service.