Bybitone of the fastest growing cryptocurrency exchanges in the world, has announced its expansion into crypto options trading, adding to its existing range of perpetual futures and expiring futures products. .
Bybit launches options trading, in response to growing popularity
the options trading, which originated in the traditional financial ecosystem (TradFi)is now one of the most popular products in the cryptocurrency space. As a reminder, options trading is a type of derivatives trading that allows traders to speculate on the future value of cryptocurrencies. Like other derivatives, options have leverage built into the product actually traded. Options give the option holder the right, but not the obligation, to buy or sell cryptocurrencies on the expiration date.
Recognizing the growing popularity of crypto options trading, the exchange platform Bybit is also expanding into the options trading market. According to the official announcement, the new options trading product represents “an important step in the development of another powerful tool for users of Bybit“.
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Commenting on the launch, Ben Zhou, co-founder and CEO, said:” We are confident that our industry-leading offering will set the bar for the industry and normalize crypto options trading, just like what robinhood did for options on actions. We are also excited to bring to options trading the world-class liquidity and reliability that our clients associate with Bybit “.
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A powerful new tool for users of Bybit
Option contracts crypto that Bybit recently published on the exchange function are similar to traditional financial contracts. However, the platform here allows users to speculate on the future price of an asset in USD and settle trades using theUSDC.
At the same time, advanced users such as market makers and institutional investors can use these products to apply risk-based models to optimize the use of funds.
The launch of options trading will allow Bybit to become a trading ecosystem crypto fully integrated capable of meeting the needs of institutional investors through open API support, while facilitating the flexibility of European-style linear options trading.
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