Crypto Derivatives Exchange Bybit to Settle Options Contracts in USDC
— Settled using, Crypto options, Exchange, Usdc, Crypto, Crypto options trading, Contract, Collateral, Move, Settled — 1 min read
Bybit says its move to settle using USDC is a first for crypto options trading. Most crypto options are margined and settled using the same currency. For example, if bitcoin (BTC) is used as collateral in a contract, it will also be used as the settlement currency. Bybit: This is a move to use USDC as a settlement currency for options trading in the crypto options market for the first time in its own currency, and it is the first use of the USDC currency in the options market to settle in the way of using the Bitcoin option currency. The company says the move is a 'first' for the crypto option market to use a USDC instead of a Bitcoin option. For confidential support call the Samaritans on 08457 909090 or Source