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- Zodia Custody has launched BitMEX on its Interchange network, expanding trading opportunities for eligible clients.
- The arrangement allows customers to trade on BitMEX while the stock remains in Zodia’s hands through a formal transaction.
The preservation of the Zodiac has added BitMEX images to its Interchange network, expanding foreign trade opportunities for customers without forcing them to transfer their goods through an exchange.
The new integration makes BitMEX the latest trading platform for customers of Zodia Custody Limited (UK) via Exchange . The example is straightforward, but very important. Customers can trade directly on BitMEX while their assets remain in Zodia’s custody, rather than being paid for themselves.
Localization that keeps storage and execution separate
Exchanges use collateral locking and mirroring to store clients’ assets for trading while protecting them until they settle. Instead, Zodia is offering organizations a way to access middle market capital without having to participate in the exchanges that have made other companies wary.
For large sales desks, it is essential. Counterparty risk, security controls, and compliance are also important for digital markets. They are very important if organizations are involved in the beginning.
Wing Cheah, Zodia Custody’s head of Interchange product, said the launch of BitMEX gives customers the opportunity to access large processing facilities and store goods in cold storage until settlement.
BitMEX expands its position
For BitMEX, this partnership reinforces its position as a crowd-sourced platform rather than just a token crypto exchange. The exchange described the partnership as a way to strengthen security, transparency and compliance with smart customers.
Zodia, at the moment, is trying to position Interchange as a major source of income, which attracts financial companies and crypto-native participants who are looking for a more robust market.
This preparation is important because the competition is changing. The next part of the crypto trade organizations should be made less and those that provide easy access to markets and more and those that can provide access without forcing organizations to interfere with storage, stability and control of assets. In fact, adding BitMEX is not just about adding another site. It is part of the larger infrastructure around how crypto trading works.
