Bybit adds cryptocurrency trading – Bits Media

Singapore crypto -tank BYBIT expands the range of services and products for institutional traders.

Bybit announced the admission of customers to trade in cryptocurrency options. The innovation will allow users to trade options and unlimited assets in US dollars. The Cryptian Community has long demanded to add options to the company's product line. Investors, According to the exchange, They want to trade in these products to hedge risks and give traders the opportunity to diversify their portfolios.

Contracts for crypto opticals will work according to the same principles, that their analogues in traditional finances: New products will allow customers to speculate at the future price of an asset in US dollars and pay for transactions. According to representatives of the BYBIT team, Optional contracts are rights, and not by obligations, Therefore, their validity will expire, if the option is not implemented.

Options are focused on experienced traders and market makers, However, Bybit is considered, that they can stimulate the adoption of a new product among traditional financial traders. Expansion of the spectrum of products and services, nominated in digital currencies, Suitable for investors, who are used to working in a traditional financial system, They count in the company.

It should be emphasized, that the platform allows you to trade options to all, who has passed the KYC procedure, However, the platform does not work with traders from the USA, Singapore, North Korea, Canada and continental China.

Recall, At the end of March, the exchange announced, that opens the main headquarters in Dubai. The company said, that the exchange has received a fundamental permission to conduct a full spectrum of business with virtual assets in the emirate.