How Zodia Custody's BitMEX Integration Quietly Rewires Institutional Crypto Market Structure

BitMEX, the exchange that invented the perpetual swap, is now live on Zodia Custody's Interchange off-venue settlement network. Clients trade on BitMEX while assets stay in bank-grade cold storage until settlement. After FTX's $12.7B judgment and Bybit's $1.5B hack, the move is less a product launch and more a structural signal that execution and custody have decoupled in institutional crypto.