One of the fastest growing crypto exchanges, Bybit is planning to offer crypto options trading to its customers soon. The launch date has not been specified but the confirmation was given by the company via an announcement on Tuesday.
Bybit will start offering consumers options trading moreover, keeping its existing perpetual futures and expiration futures contracts. The users will be able to trade USDC options and perpetuals using portfolio margin.
The company seems to be confident about its future in the options trading sector.
Ben Zhou, the co-founder and CEO of Bybit, stated, “Options is something that our existing clients have long been asking for as there has been no other breakthrough product available in the industry at the present.”
“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” the company stated.
The company’s head of communications Igneus Terrenus, revealed during an interview at the Dubai Expo 2022, that Bybit was aiming for a 50% share of the crypto market over the upcoming 18 months. Maybe the decision of providing options trade is to further amplify the achievement of this goal.
Bybit also joined the bandwagon of companies shifting their headquarters to Dubai as the UAE’s new Dubai Virtual Asset Regulation Law aims to boost the crypto industry in the Emirates.
