In response to its community's demands, Singapore-based crypto exchange Bybit announces an expansion of its services, enabling users to USDC options and perpetuals.
Singapore-based crypto exchange Bybit has recently announced its service expansion into crypto options trading, allowing users to trade USD Coin options and perpetuals.
The newly-launched crypto options contracts on the exchange work on the same principles as its traditional finance counterparts. It allows users to speculate on the future price in the United States dollar value of an asset and settle trades using USDC. The Bybit team noted that “options contracts are rights not obligations, so they will expire without a transaction if the option is not exercised.
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