Crypto trading platform Bybit has announced the launch of options trading for its customers. Bybit has secured itself as the fastest-growing cryptocurrency exchange and is continued to live up to the title.
Crypto Options is the Most Revolutionary Product: Bybit CEO Ben Zhou
Crypto exchange Bybit has an existing product line of perpetual futures and expiration futures contracts. Now, it will be adding options trading to these features starting with USDC options. Bybit announced the launch on Tuesday but has not yet provided the exact date of the rollout.
Commenting on the announcement, co-founder and CEO of Bybit Ben Zhou said that options were something the exchange’s clients have been asking for a long time. He added that there had been no other revolutionary product offered in the market other than options. It was, therefore, the next practical step for crypto trading platform Bybit.
Options trading offers the advantage of volatility, hedge risks, and the discovery of prices. Moreover, options are generally more straightforward, with no unique or unusual features.
Bybit’s crypto options trading contract will follow the European-style options. The style allows exercising only at the expiration date of the option. The expiration date is typically a single pre-defined point in time.
Customers will be able to trade options through a portfolio margin which will adopt a risk-based model for experienced traders. The model will also factor in market makers and institutional clients to increase fund utilization based on the underlying price and volatility.
Bybit’s Recent Industry Moves
The launch of Bybit’s crypto options trading is a significant milestone in exchange’s journey to a fully integrated powerhouse. The powerhouse includes a user-friendly interface, which provides open API support to enhance flexibility in trading the selected European-style linear options.
Crypto trading platform Bybit has been making active progressions in the industry. Only last week, it announced that its customers could be able to buy crypto using their credit and debit cards. In March, the crypto derivatives platform shifted its headquarters from Singapore to Dubai, attracted by UAE’s new Dubai Virtual Asset Regulation Law.
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