Bybit Launches Crypto Options Trading

The Singapore-headquartered digital asset exchange – Bybit – expanded its services, enabling crypto options trading. Users will be able trade USDC options, perpetuals, and portfolio margin. This model, which is risk-based for experienced investors, allows them to increase their fund utilization based on volatility and the underlying price, and it launches immediately.

Bybit’s Latest Feature

The CryptoPotato document states that the function will allow Bybit clients to speculate about the future price and settle trades using USDC.

Option contracts are different from futures contracts in that they defer to transactions, which are mandatory and must be completed at settlement. The premium paid determines the risk for the option contracts, while futures contracts have no such barrier.

Bybit’s latest opportunity is intended to assist the platform in its mission of becoming a fully-integrated trading platform with a user-friendly interface.

Bybit CEO and Co-Founder Ben Zhou noted that crypto options trading is a very intriguing feature for clients, “since there have been no other innovative product on the market at the moment.”

The executive stated that he was confident that the industry’s state-of the-art offering would set the standard and normalize trading in crypto options, much like Robinhood did with stock options.

Bybit is catching up with the big players

Since its inception in 2018, Bybit already has over 2 million registered users. Bybit has been very active in the past year, releasing several new features and signing partnerships with well-known companies.

It signed a deal in November 2021 with the Argentine Football Association, (AFA) and became the Global Main Sponsor for Argentina’s national soccer team. Leo Messi, the captain of the selection, and his teammates will continue to wear the logo on their training clothing until November 2023.

Bybit launched an NFT marketplace earlier this year. Customers could trade digital collectibles from their spot accounts, unlike other platforms.

Zhou stated, “We are thrilled to offer a premier NFT platform to Bybit users so that they can be part in the creation of a new market and new world called The Metaverse.”

The company soon reconnected with Red Bull’s Formula 1 team. Bybit was named Principal Partner for the racing team. It pledged to support Red Bull’s NFT efforts, promote fan tokens and provide financial inclusion of women in the Blockchain industry.

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Marla Brooks

Marla Brooks – Financial Analysis My name is Marla Brooks, and I am the mainstream behind the”observednews.com”  for the powerful and most delicate insights into the latest activities in the financial analysis category. I started my journey as an independent financial consultant. I had approximately nine years of experience in this field. I am free soul so; my passion for exploring the world has taken me to the nations across the globe and given me the chance to report for a portion of the best news associations. Currently, I am a full-time editor as experienced in finance and started to use my abilities.

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