Bybit, which is the only trading platform to provide USDC options, has formed a partnership with Actant, a provider of trading solutions, in order to provide professional traders with trading tools that are among the best in the industry. Bybit, which has one of the highest open interests in Bitcoin futures, is now completely integrated with Actant. This integration brings a comprehensive set of tools for risk management, trading, automation, and quoting to the crypto exchange.
Actant is a provider of trading solutions for various financial institutions, such as investment banks, hedge funds, and proprietary trading and market-making organizations that conduct trading on the major derivatives as well as stock exchanges across the world. By establishing a solid collaboration with Bybit, Actant users can trade and settle on Bybit.
According to Dan Sacks, CEO of Actant:
“Actant is excited to have the opportunity to add and spotlight Bybit as part of our crypto destination offering. Actant is committed to rapidly expanding support of the crypto space, but remains selective in its investments. Bybit’s innovation, leadership, and success accelerated our commitment to this integration. We look forward to enabling our mutual clients to unlock the full potential of Bybit with Actant’s algorithmic quoting, and ExStream automated trading and hedging.”
A Comprehensive Set Of Tool For Professional Traders
On the broad derivatives platform offered by Bybit, traders now have access to the entire suite of Actant solutions for risk management, trading, automation, and quote generation. Bybit is a cryptocurrency exchange that offers futures, perpetual, and just recently stablecoin-margined options contracts. These contracts give traders access to cryptocurrency options using USDC without requiring them to buy or own the underlying cryptocurrency asset.
Bybit traders have the opportunity to benefit from the platform’s margin and unified account structure, which reduces the amount of margin that is required for hedged positions. This indicates that traders are able to use earnings from successful trades to offset the losses from losing positions within the same portfolio. In addition, traders may be assured of protection and transparency for the entirety of all Bybit trades, thanks to Bybit’s industry-leading liquidation process and world-class security measures.
Bybit & Actant To Benefits Institutional & Retail Traders
According to experts, this collaboration will be advantageous for both institutional and retail clientele. Bybit is thrilled to integrate Actant’s institutional-grade tools with Bybit’s deep liquidity and ultra-fast 100K TPS matching engine, and the platform recognizes that Actant is a natural fit for Bybit because it is a leader in the sector. As a result of this agreement, users of both platforms will have the opportunity to profit from the meteoric rise of the market for crypto derivatives, which will in turn reinforce the positions of both parties as industry giants.
In addition, Bybit has recently made the decision to offer the inaugural token for the BloxVerse platform, which is denoted by the symbol OBX and will be available on the Bybit Launchpad 2.0 platform. The core focus of OpenBlox is on play-and-earn (P2E), move-and-earn (M2E), as well as IP branding. OpenBlox is an EVM-based non-fungible token (NFT) gaming and Web3 platform.