Crypto Derivatives Leader Bybit Tackles Bear Market by Settling Options in USDC
— Bybit, Users, Tackles, Market, Options, Derivatives, Crypto, Usdc, Racing, Best, Traders, Settling, Bear, Btc, Leader, Trading — 1 min read
Bybit settles its options trading market in one of the world's most trusted stablecoins: USDC. Unlike Bitcoin-settled contracts, Bybit's use of USDC allows for stable prices for the duration of each contract. Users can use all assets under their account as collateral to trade USDC options contracts as well as perpetuals. Bybit is offering users one month's trading at their lowest fee tier, usually reserved for VIPs. This equates to a 60% discount compared to industry standard. Bybit experienced a 99.99% up rate throughout the year, with 100k rps trading engine throughput and the track record of processing 30,000 transactions at its peak in 2018. The company also offers a portfolio margin system similar to that of SPAN. Source