Digital asset derivatives exchange Deribit has unveiled a new hybrid custody model, aimed at streamlining access for institutional custodians and brokerages and reducing onboarding time for capital markets traders.
With this launch, Deribit has integrated major custodians like Fidelity Digital Assets, Copper Securities, and Zodia, and plans to bring additional partners onboard later in the year.
Deribit’s move into hybrid custody underscores its dedication to giving traders flexible, secure options for asset storage, either on the platform or through integrated third-party custodians. Unlike traditional custody partnerships that require lengthy full integration, the hybrid approach allows custodians to offer Deribit as a trading venue more quickly, enabling institutional traders —particularly those using Fidelity Digital Assets and similar custodians — faster entry to Deribit’s derivatives platform via API without needing to transfer funds directly onto the exchange.
Under the hybrid model, traders using non-integrated custodians will store a portion of their assets directly on Deribit to satisfy collateral requirements, with the remainder held by their chosen custodian. Currently, Deribit requires a minimum of 20% of assets to be held on the platform, though this may vary based on factors like trading activity, exposure, and market conditions. Daily profit and loss settlements are managed within the Deribit platform, ensuring a seamless trading experience across custody models.
