Bybit Has Launched Crypto Options Trading

Bybit, a Singapore-based cryptocurrency exchange, has announced the addition of crypto options trading to its existing product range of perpetual and expiration futures contracts.

Bybit’s new feature is a response to user demand

According to an official announcement, New options trading offering was in response to its community’s demands, representing an ‘important step in developing another powerful tool for Bybit users.’

Upon launch, Users would be able to trade USDC options and perpetuals through portfolio margin. With this, the platform becomes a fully-integrated trading venue with a user-friendly interface.

“We are confident that our state-of-the-art offering will set the bar for the sector and normalize crypto options trading, just like what Robinhood did for stock options. We are also excited to bring with us to options trading the world class liquidity and reliability our clients have come to associate with Bybit,” Ben Zhou, co-founder and CEO said in the announcement release.

Similar to tradFi, Bybit’s crypto options trading

Bybit’s recently released crypto options contracts on the exchange function similarly to their traditional finance equivalents. However, the platform here lets users to speculate on an asset’s future price in US dollars and settle trades using USDC.

Bybit, which was founded in 2018, has over 2 million registered users and has partnered with leading companies such as Oracle Red Bull Racing, NAVI, Astralis, Alliance, Virtus.pro, and Oracle Red Bull Racing Esports, as well as association football (soccer) teams Borussia Dortmund and Avispa Fukuoka.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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