Bit.com Announced Trading Options Being Settled With USD Or USDC
Today, Bit.com announced the debut of a best-in-class USD underlying options trading service, providing its users with a new tool for trading crypto options denominated in dollars.
With the launch of the new service, Bit.com users may now trade cryptocurrency options denominated in and settled in USD or USDC.
Lan, Co-founder and COO at Bit.com, said in the statement:
“In this moment of sustained volatility, our users need an efficient, flexible trading service that gives them exposure to a range of different crypto assets and hedge risk where necessary. That’s why we launched USD underlying options trading – to stand out in a crowded market and equip our users to beat the bear market”
Furthermore, traders will not be required to forfeit their hard-earned money and will be able to utilize dollars to finance several positions.
USD options trading on Bit.com has been in the works for two years, the result of a collaboration between the exchange’s crypto expertise and a penchant for creating engaging user experiences.
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