Bybit Partners with Paradigm to Incentivise Options Traders
Bybit exchange has partnered with Paradigm to introduce a fee-slashing promotion for both new and experienced options traders. The collaboration leverages Bybit’s muscle as one of the top exchanges and Paradigm’s standing as a leading institutional liquidity network for crypto derivatives traders. Traders will be able to leverage Paradigm’s block trading knowledge and Bybit’s streamlined trading platform thanks to the new relationship.
How to get a piece of the action
An option is a contract that gives a trader the right (not obligation) to buy or sell an underlying asset at a predetermined price by a specified date. It is called a “call” option if it involves buying and a “put” option if it involves selling.
Bybit’s options market gives traders a lot of leeway by allowing them to choose from a variety of expiration times. Whether they are betting on Ethereum or Bitcoin, they can go for daily, weekly, monthly, and quarterly options expiries. As part of the exchange’s efforts to improve its products for institutional users, Bybit has partnered with Paradigm with a focus on attracting more professional options traders to its platform.
“Our collaboration is a testament to our dedication to simplifying the path for institutions venturing into the world of crypto. Together, we pave the way for a future where accessibility and innovation converge,” said Anand Gomes, co-founder and CEO of Paradigm.
The promotion emphasises the low, affordable prices and easy accessibility of the product. To join in, all new users have to do is to conduct one trade, no matter how small. traders can take advantage of Bybit’s most competitive ‘Pro5’ fee rate Between September 19th to October 11th, you can take advantage of Bybit’s most affordable ‘Pro5’ charge rate for trading options, perpetual contracts, and spot markets. To be eligible for the discounted fee extension, an options trader must have reached $10 million in taker volume using Paradigm by October 11th.