Bybit Exchange Adds Options Trading To Its Product Line

Bybit exchange has joined the league of exchange platforms offering options trading. The new product offering came as a result of strong demand shown by the platform’s user feedback. Bybit has been offering expiration and perpetual futures until now. Therefore, the options feature will likely attract more users to the platform. Specifically, Bybit’s options and tradable in USDC, similar to perpetual futures. Furthermore, users can utilize portfolio margin, an inherently risk-based trading model, which can also be highly profitable.

Unlike futures trading, options trading gives users greater freedom because they are not obliged to exercise their right to buy or sell. Therefore, if the future price of crypto does not favour a user, they may choose not to buy or sell. Furthermore, Bybit’s introduction of options trading comes with an intuitive user interface, complete with support for API integration and European-style linear trading.

With options trading, Bybit users can now speculate on the future prices of their favourite crypto assets without the risk that comes with futures trading. That is likely to attract many users, considering the profit-making opportunities offered by crypto market volatility. With options, traders only have the premium as the maximum risk they take. 

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. Besides, Bybit is bringing its users high liquidity that has stood the test of time. Also, the platform has some of the tightest spreads and high throughput, with 99.99% uptime during market bullruns. 

About Bybit

Established in March 2018, Bybit is a cryptocurrency exchange that specializes in online spot and derivatives trading services. As part of its derivatives trading model, it supports futures  and options trading. Additionally, the platform has a staking feature and mining products. Also, Bybit offers API support to its clients and provides a testnet environment where users can test their trading strategies.

Some of Bybit’s key partners include Formula One’s Oracle Red Bull Racing, Oracle Red Bull Esport Racing German Bundesliga’s Borussia Dortmund, esports teams NAVI, Alliance among others. To date, the exchange has more than 2 million registered users.