On September 19, 2022, Bybit, one of the world’s most rapidly expanding cryptocurrency exchanges, collaborated with Greeks.live, a trading and analytics platform that offers options traders user-friendly trading tools and exposure analysis data. Bybit’s newly introduced USDC-settled options contracts, which now encompass BTC, ETH, and SOL contracts, will have their status as a benchmark bolstered as a result of the collaboration. Bybit’s users are able to settle and trade with greater convenience and certainty thanks to the first-in-market USDC options, which eliminate the requirement that they hold the fundamental cryptocurrencies.
In accordance with the terms of the agreement, Bybit will supply Greeks.live with data so that the latter can monitor the whereabouts of its users as well as Bybit’s public data, and then include this information into its advanced visualization capabilities. Greeks.live will also make it possible for traders to employ specialized trading tools like “Synthetic Knock-in Options” and “One Click Delta Hedging” when trading on the Bybit platform.
According to Ben Zhou, co-founder and CEO of Bybit: “We are stoked to announce our partnership with Greeks.live and to provide data on our BTC, ETH, and SOL options contracts, which are all margined and settled using USDC. Greeks.live is a first-class trading tool provider for options traders, and this partnership will provide a large inventory for our traders to use when calculating options portfolio greeks and visualizing essential data.”
One-Stop Gateway For USDC-Settled Options
Bybit, the largest exchange for the developing digital asset class, has entered into a strategic partnership with Greeks.live to further improve the market position of both parties, particularly those who understand Mandarin. Greeks.live will provide customers with risk distribution analysis on the greeks of their portfolios, in addition to a maintenance margin stress test tool, which will assist users in trading Bybit’s USDC-settled options with a more stable margin. Bybit is a one-stop shop that provides access to USDC-settled options.
The market-beating liquidity of the cryptocurrency exchange is complemented by portfolio margin, which reduces the margin needed on hedged positions, and unified accounts that support BTC, ETH, USDT, and USDC as collateral. Greeks.live has partnered up with Bybit in order to look into a new potential development area in the cryptocurrency field known as the options market. The company has years of experience in offering trade execution, risk assessment, and data presentation tools, in addition to options trader education programs, and it is confident in the ability of this relationship with Bybit to be successful.
Exploring Bybit’s New BTC, ETH, And SOL Options Contracts
Bybit has recently released its ultimate options trading guide, titled “How to Hedge with Crypto Options to Maximize Gains During BTC Uncertainty.” This open resource is designed to assist investors in navigating the lucrative world of cryptocurrency options. Bybit’s analysts will act as guides and mentors to beginners and seasoned options traders as they study the platform’s new BTC, ETH, and SOL options contracts as part of the guide, which is the most detailed in the business.
Options trading is a crucial component of traditional markets, and because Bybit’s 10 million users include many retail investors, the company chose to assist make these products more readily available to a broader spectrum of market participants. Bybit’s ambition to become the world’s crypto ark includes the development of user-friendly, instructional goods. In this spirit, the new options guide contains an eight-part tutorial covering beginner, intermediate, and advanced tactics. It also demonstrates how derivatives traders can broaden their methods to include innovative and effective option-based hedging strategies.
Bybit was the first cryptocurrency exchange to introduce margin and USDC-settled options contracts. Bybit customers can settle and trade with greater certainty and convenience, even if they do not possess the underlying crypto asset. They are cash-settled options in the European style that can only be exercised after the contract expires. Bybit’s options system has a risk-based margin requirement that corresponds to the overall portfolio risk. It improves capital efficiency by using earnings from winning positions to make up for the losses from losing positions within the same portfolio.
