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- BitMEX partners Zodia Custody to enable segregated assets for derivatives trading access.
- Traders access derivatives without moving funds, using off-venue settlement via Interchange.
- Model improves capital efficiency and reduces risks linked to exchange-held funds.
BitMEX announced a partnership with Zodia Custody to support segregated asset storage for derivatives trading. The integration allows clients to access markets without transferring funds to the exchange, aiming to reduce counterparty exposure and improve asset safety.
The exchange confirmed the rollout on Tuesday. The service is available through Interchange, Zodia Custody’s off-venue settlement solution. Institutional and professional clients can use the system immediately after onboarding.
BitMEX Segregated Custody Model
In the model, there is no requirement to fund exchange accounts before trading takes place. This is because the collateral is kept in the segregated custody model of Zodia. The assets are duplicated for order placement on BitMEX.
This system allows traders to exercise complete control over their assets. In addition, it allows the use of derivatives without transferring any assets. Such derivatives may include perpetual swaps and futures.
The system provides for several forms of collateral. These include Bitcoin, Ethereum, Tether USDT, and USDC. Cross-collateralization of such assets is also possible.
The company stated that the platform would make the use of capital more efficient. No need exists for transferring the assets from the wallet to the trading account. It will save time compared to conventional funding methods.
Stephan Lutz, the CEO of BitMEX, cited previous events within the crypto market while describing the reasons behind the new custody solution. He took the example of the FTX collapse and the Bybit hack.
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In his opinion, the issue of security is clear at the time when the custody solution proved ineffective. However, the threats remained due to the centralization structure.
Zodia Custody Role in BitMEX Institutional Strategy
Zodia Custody was founded in 2021 to offer custodial services for digital assets to institutions. The platform runs under the support of Standard Chartered.
In late 2025, the company gained regulatory approval under the Markets in Crypto-Assets Regulation framework in Luxembourg. The license allows them to operate within the EU countries in accordance with the regulation.
As per Lutz, custodial services continue to be an essential service in the financial industry. Lutz pointed out that their importance has increased after the latest failures. He further commented that similar measures should apply when trading in digital assets by institutions.
This collaboration represents a transition towards risk management in trading platforms. BitMEX has been gearing up its platform in line with institutional requirements.
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