Crypto Derivatives Leader Bybit Tackles Bear Market By Setting Options On USDC

Bybit, a cryptocurrency exchange with one of the largest futures open interest in BTC, is setting up its options trading market in one of the most trusted stablecoins in the world: USDC. Unlike Bitcoin-settled contracts, Bybit’s use of USDC allows stable prices for the duration of each contract.

Users of Bybit’s USDC-efficient European-style options will also benefit from the recently launched Unified Margin Account, which offers an all-new derivatives trading structure. Users can use all assets in their account as collateral to trade USDC options contracts as well as perpetuals.


Bybit’s wallet margin account supports USDT, USDC, BTC, and ETH as collateral, with more assets to be added soon. These features cement Bybit’s reputation as a fully integrated trading powerhouse, with a dedicated dual server system that guarantees 99.9% uptime.

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Indeed, Bybit experienced a 99.99% uplift rate throughout the year, with a trading engine throughput of 100,000 rps and a processing history of 30,000 transactions at its peak. Additionally, Bybit offers users one month of trading at their lowest fee tier, which is usually reserved for VIPs. This equates to a 60% discount from the industry standard.

In addition to having the best on-screen liquidity in the market, Bybit prides itself on its open and transparent communication. Its tier-based fee rate has a transparent structure with no hidden fee tiers or hidden non-liquidation clauses either.

Crypto Options Trading

Currently, the total volume of crypto options is only a small fraction of the total volume of derivatives traded in crypto, unlike traditional markets, most crypto options are marginalized and effective by the same invention – that is, i.e. BTC is used both as collateral and as a settlement concept for BTC options. For the very first time in crypto, Bybit offers options that are penalizing in USDC, which is pegged to the dollar. Bybit Options also offers a portfolio margin system similar to SPAN.

“We have been very pleased with the rollout of our options trading product,” said Ben Zhou, co-founder and CEO of Bybit. “We’ve also received great feedback from our users – they love our user-friendly products. Coupled with our 24/7 multilingual customer support, we have been able to help all traders take trading to the next level with a wide range of financial products. . Our derivatives platform has the best liquidity in the world and the tightest spread, so traders are assured of the best quote and execution in the market, even in the event of extreme realization.

About Bybit
Bybit is a cryptocurrency exchange established in March 2018 that offers a professional platform where crypto traders can find a super-fast matching engine, excellent customer service, and multilingual community support. Bybit is a proud partner of Formula 1 racing team, Oracle Red Bull Racing, esports teams NAVI, Astralis, Alliance, Virtus.pro, Made in Brazil (MIBR) and Oracle Red Bull Racing Esports, and football (soccer) teams Borussia Dortmund and Avispa Fukuoka.

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Crypto Derivatives Leader Bybit Tackles Bear Market By Setting Options On USDC


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