Bybit don Launch Cactus Oasis Off-Exchange Settlement
Bybit don join hand wit Cactus Custody to launch Cactus Oasis, one off-exchange settlement layer wey dey keep money for SOC 2-audited cold storage until trade for Bybit don land. Dis off-exchange settlement model dey remove pre-funded exchange accounts and e dey reduce counterparty risk for institutional traders. Cactus Oasis platform combine hardware security modules (HSM), multi-party computation (MPC), and decentralized key recovery with 3-of-5 threshold signature scheme across Ethereum, BNB Chain, Solana, Bitcoin and Avalanche. E dey offer on-chain and offline signing, dual-authorization workflow, real-time compliance checks, liquidity buffer accounts plus cross-platform key management, together wit NFT custody. E go launch July 28, 2025 and e dey target hedge funds and proprietary trading firms wey dey fear capital inefficiency and exchange solvency wahala. Bybit’s off-exchange settlement wit Cactus Custody still dey follow regulatory best practice and e wan build trust again after di $1.5 billion Lazarus Group hack, to make institutional custody and execution process easy.
Bullish
Di launch wey Bybit and Cactus Custody do for Cactus Oasis off-exchange settlement na good news for di cryptocurrency market. For short time, better security and less risk wey come from counterparty go fit bring new institutional money and make trading for Bybit increase. For long term, strong MPC-based custody solutions and workflows wey dey follow compliance go make market trust fine, e fit make more institutions start to use am and demand for tokens for major chains go strong. History show say when infrastructure improve and risk reduce, e dey usually come before asset inflow increase, meaning say di price for affected tokens fit go up.