BitMEX Integrates with Zodia Custody for Secure Institutional Trading

BitMEX, a leading cryptocurrency derivatives exchange, has partnered with Zodia Custody to integrate its trading platform into the Interchange system, enabling institutional clients to access derivatives markets while maintaining full control over their assets in segregated custody vaults. The collaboration, announced this week, targets professional traders primarily in the United Kingdom and select jurisdictions, allowing immediate execution of trades without transferring funds directly to the exchange.

Under the new setup, institutions can trade perpetual swaps, futures, and other derivatives on BitMEX using Bitcoin, Ether, Tether's USDT, and Circle's USDC as collateral, with leverage up to 250 times. Collateral remains locked in Zodia's cold storage, mirrored in real time to BitMEX for trading purposes, and only moves during final settlement. This off-exchange model automates processes through Zodia's Trading Vault and Settlement Wallet, supporting daily settlements in the same currencies and eliminating the need for prefunding accounts. Officials at both companies described the integration as a way to streamline workflows and boost capital efficiency for active traders.