Bybit Taps into Crypto Options Trading with USDC

Crypto Options

Cryptocurrency exchange Bybit has announced that it will begin offering options trading and enable its users to trade USDC options and perpetuals through a portfolio margin.   

The co-founder and CEO of Bybit, Ben Zhou, says that the company’s clients have been anticipating options, seeing them as revolutionary products.

The executive anticipates that the new offering will normalize cryptocurrency trading options, comparing its success to stocks in the Robinhood.

Bybit unveiled the plans for options trading in July 2021, with initial plans to launch before the end of last year. The company currently offers perpetual and expiration futures contracts.

Bybit expressed optimism during the Dubai Crypto Expo 2022 that it was aiming to acquire half the share of the cryptocurrency options markets in less than two years.

The news follows another recent announcement by the firm that it has enabled its customers to purchase cryptocurrencies using credit and debit cards.

Source: The Block

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