Bybit, one of the world’s fastest growing cryptocurrency exchanges, has announced its expansion into crypto options trading, expanding its existing product line of perpetual futures contracts and expiring futures contracts.
Bybit’s new option trading offering is based on user feedback and represents an important step in the development of another powerful tool for Bybit users.
Upon launch, Bybit users will be able to trade USDC options and perpetuals through Portfolio Margin, which applies a risk-based model for experienced traders, including market makers and institutional clients, to increase fund usage based on underlying price and volatility .
This feature will help the platform to become a fully integrated trading powerhouse with a user-friendly interface that offers open API support to facilitate flexibility in European-style linear options trading.
Options trading in crypto
Options contracts allow Bybit users to speculate on the future price of an underlying asset in USD and settle their trades in USDC.
Unlike a futures contract where the transaction is mandatory and must be completed on the settlement date, options contracts are optional and will expire without a transaction if the option is not exercised.
The risk of options trading is therefore relatively low for traders since the maximum risk is determined by the premium paid, while there is no such limit in futures contracts. For sellers, the risk is limitless.
World-class liquidity and reliability for options trading
Bybit has proven to be the bull’s most reliable, stable and user-friendly cryptocurrency exchange, offering the best liquidity.
Unique among major exchanges, Bybit recorded a year-round growth rate of 99.99%, with trading engine throughput of 100,000/s and track record of 30,000 transactions at its peak.
Liquidity is arguably the be-all and end-all for asset exchanges. Bybit’s derivatives trading platform has the world’s tightest spread and one of the best liquidity.
Traders are guaranteed the best price and execution in the market, even in the face of extreme volatility.
Bybit’s retail-focused products and customer support-focused services will help lower the crypto trading entry barrier to welcome new users around the world, allowing them to seamlessly enjoy instant crypto trade execution .
| Ben Zhou, co-founder and CEO of Bybit
“Options are something that our existing customers have been asking for for a long time as there is currently no other revolutionary product on the market,” said Ben Zhou, co-founder and CEO of Bybit. “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 to options trading the world-class liquidity and reliability that our customers associate with Bybit.”
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