Imagine a super-safe bank for your digital money (cryptocurrency)! Sygnum, a crypto bank, just made it easier to keep your money safe while still trading on Deribit, a big online marketplace for crypto. This is important because keeping your money on trading sites can be risky, like what happened with the recent big hack.
- Sygnum partnered with Deribit and Fireblocks to improve security.
- Traders can keep their crypto in Sygnum's safe bank and still easily trade on Deribit.
- This helps protect from hacks, like the $1.4 billion Bybit hack.
| Fact | Number |
|---|---|
| Deribit's 2024 trading volume | Over $1 trillion |
| Deribit's 2024 options volume | $743 billion |
| Sygnum's valuation after funding | Over $1 billion |
| Bybit hack loss | $1.4 billion |
