Bybit to Launch Cryptocurrency Options Trading

Crypto derivatives platform, Bybit announced on Tuesday that it will further expand its product line by offering cryptocurrency options trading. The new products will be added alongside the existing line of perpetual futures contracts and expiration futures contracts.

The decision to launch the new derivatives product was taken based on the feedback of Bybit’s existing user base, the company detailed.

“Options is something that our existing clients have long been asking for since there has been no other revolutionary product offered in the market at the moment,” Bybit’s Co-Founder and CEO, Ben Zhou said in a statement.

At the launch of the new instruments, Bybit will offer USDC options and perpetuals through portfolio margin. However, the company is yet to announce the launch date.

Demand for Crypto Derivatives

Bybit was launched in 2018 and has become one of the largest venues for crypto futures trading. But, the company is expanding its services as it introduced spot trading last year.

The exchange’s latest interest in crypto options came when it decided to move its headquarters from Singapore to Dubai. It gained in-principle approval to conduct ‘virtual assets business’ in the emirate under the newly introduced crypto framework.

But, Bybit’s interest in crypto options did not come as a surprise. Zhou floated the idea of introducing crypto options last July and Bybit’s Head of Communications, Igneus Terrenus, last month revealed the company’s plans to capture 50 percent of the crypt options market. Currently, Deribit is the leading exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term offering crypto options.

“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 Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term and reliability our clients have come to associate with Bybit,” Zhou added.