BitMEX, a derivatives-focused cryptocurrency exchange, has partnered with Zodia Custody to enable asset segregation and trading with off-exchange assets. The partnership allows traders to access derivatives while keeping collateral in segregated custody. The integration is immediately accessible via Interchange, ZodIA Custody’s off-venue settlement solution. This move reflects lessons from past market failures, such as the FTX collapse and the Bybit hack. Zodya Custody, which launched in 2021 and is backed by Standard Chartered, is an institutional digital asset custody provider operating globally and secured a Markets in Crypto-Assets Regulation (MiCA) authorization in Luxembourg in late 2025.