RCS - Bybit - Bybit Launches Options Trading

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29/04/2022 11:15

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RNS Number : 4348J  Bybit  26 April 2022

 Bybit / Key word(s): Product Launch

Bybit: Top Crypto Platform Bybit Launches Options Trading

26.04.2022 / 17:30

The issuer is solely responsible for the content of this announcement.

 Top Crypto Platform Bybit Launches Options Trading

 DUBAI, UNITED ARAB EMIRATES - Media OutReach
 (https://www.media-outreach.com/)  - 26 April 2022 - Bybit, one of the
 world's fastest growing cryptocurrency exchanges, 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 options trading offering is based on user feedback, representing
 an important step in developing another powerful tool for Bybit users. Upon
 launch, Bybit users will be able to trade USDC options and perpetuals through
 portfolio margin, which adopts a risk based model for experienced traders,
 including market makers and institutional clients, to increase fund
 utilization based on the underlying price and volatility.

 This function will support the platform in becoming a fully integrated trading
 powerhouse with a user-friendly interface that provides open API support, to
 facilitate flexibility in trading European-style, linear options.

 Options Trading in Crypto

 With options contracts, Bybit users are able to speculate on the future price
 in USD of an underlying asset and settle their trades in USDC. Unlike a
 futures contract where the transaction is mandatory and has to be completed at
 the settlement date, options contracts are optional and will expire without a
 transaction if the option is not exercised. The risk of options trading is
 therefore relatively low for traders because the maximum risk is determined by
 the premium paid while there is no such limit for futures contracts. For
 sellers, the risk is limitless.

 Bringing World Class Liquidity and Reliability to Options Trading

Bybit has proven itself to be the most reliable, stable and usable
 cryptocurrency exchange of the bull run, offering the best liquidity. Unique
 among major exchanges, Bybit experienced a 99.99% up rate throughout the year,
 with 100k/s trading engine throughput and the track record to process 30,000
 transactions at its peak.

Liquidity is arguably the be-all and end-all attribute for asset exchanges.
 Bybit's derivatives trading platform has the world's tightest spread and one
 of the best liquidity. Traders are ensured the best quote and best execution
 in the market even during extreme volatility.

Bybit's retail focused products and customer support focused services will
 help lower the entry threshold to crypto trading to host new users around the
 world, allowing them to seamlessly enjoy the immediate execution of crypto
 trades.

 "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," said Ben Zhou, co-founder and CEO of Bybit. "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."

 About Bybit

 Bybit is a cryptocurrency exchange established in March 2018 that offers a
 professional platform where crypto traders can find an ultra-fast matching
 engine, excellent customer service and multilingual community support. The
 company provides innovative online spot and derivatives trading services,
 mining and staking products, an NFT marketplace as well as API support, to
 retail and institutional clients around the world, and strives to be the most
 reliable exchange for the emerging digital asset class. Bybit is a proud
 partner of 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.

 For more information please visit: https://www.bybit.com/
 (https://go.bybit.com/e/HocplBrbLfb)

 For updates, please follow Bybit's social media platforms on

 https://discord.com/invite/bybit (https://discord.com/invite/bybit)
 https://www.facebook.com/Bybit (https://www.facebook.com/Bybit)
 https://www.instagram.com/bybit_official/
 (https://www.instagram.com/bybit_official/)
 https://www.linkedin.com/company/bybitexchange/
 (https://www.linkedin.com/company/bybitexchange/)
 https://www.reddit.com/r/Bybit/ (https://www.reddit.com/r/Bybit/)
 https://t.me/BybitEnglish (https://t.me/BybitEnglish)
 https://www.tiktok.com/@bybit_official
 (https://www.tiktok.com/@bybit_official)
 https://twitter.com/Bybit_Official (https://twitter.com/Bybit_Official)
 https://www.youtube.com/c/Bybit (https://www.youtube.com/c/Bybit)

#Bybit

 For media inquiries, please contact: press@bybit.com (mailto:press@bybit.com)

 26.04.2022 Dissemination of a Corporate News, transmitted by DGAP - a service
 of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements,
 Financial/Corporate News and Press Releases.

Archive at www.dgap.de

1335915  26.04.2022

 

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