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.
<h2><strong>Bybit's New Feature Comes Following User Demand</strong></h2>
According to an official <a href="https://www.globenewswire.com/news-release/2022/04/26/2428814/0/en/Top-Crypto-Platform-Bybit-Launches-Options-Trading.html" target="_blank" rel="noopener">announcement</a>, 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.
<blockquote><em>“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,”</em> Ben Zhou, co-founder and CEO of Bybit said in the announcement release.</blockquote>
<h2><strong>Bybit's Crypto Options Trading Similar to TradFi</strong></h2>
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 partnered with leading companies such as Formula One racing team, Oracle Red Bull Racing, esports teams NAVI, Astralis, Alliance, Virtus.pro and Oracle Red Bull Racing Esports, and association football (soccer) teams Borussia Dortmund and Avispa Fukuoka.

Crypto Exchange Bybit Launches Crypto Options Trading

Bybit has launched crypto options trading, adding to its existing product line of perpetual futures contracts and expiration futures contracts.

Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.

Crypto Exchange Bybit Launches Crypto Options Trading

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