Crypto Exchange Bybit Launches Crypto Options Trading

Singapore-based crypto exchange Bybit has announced its expansion into crypto options trading, adding to its existing product line of perpetual futures contracts and expiration futures contracts. Bybit’s New Feature Comes Following User Demand According to an official announcement, Bybit’s 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, Bybit 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 of Bybit said in the announcement release. Bybit’s Crypto Options Trading Similar to TradFi Bybit’s newly-launched crypto options contracts on the exchange work in the same way as its traditional finance counterparts. But, the platform here allows users to speculate on the future price in the United States dollar value of an asset and settle trades using USDC. Established in 2018, Bybit has already amassed over 2 million registered users and has partn...