Singapore-based Cactus Custody, a leading digital asset custodian, has partnered with global cryptocurrency exchange Bybit to integrate its off-exchange settlement solution, Cactus Oasis, into the Bybit platform. This integration aims to enhance asset security, capital efficiency, and risk management for institutional clients. Cactus Custody’s secure infrastructure and Bybit’s trading capabilities are expected to revolutionize digital asset trading infrastructure in Asia.
Forecast for 6 months: The partnership between Cactus Custody and Bybit is expected to lead to a significant increase in institutional adoption of digital assets in Asia, with a projected growth of 20% in the next 6 months.
Forecast for 1 year: By the end of 2024, Cactus Custody is expected to expand its services to more exchanges, increasing its market share to 30% of the Asian digital asset custody market.
Forecast for 5 years: In the next 5 years, the partnership is expected to drive the development of a robust digital asset trading infrastructure in Asia, with a projected growth of 500% in the number of institutional clients using Cactus Custody’s services.
Forecast for 10 years: By 2033, Cactus Custody is expected to become a leading global digital asset custodian, with a projected market share of 40% and a presence in major financial hubs worldwide.
