Bybit recently announced a partnership with Actant, a trading solutions service, to provide top-tier trading tools for professional traders.
Bybit continues to lead in the Derivatives space.
Bybit, launched in March 2018, is the only cryptocurrency exchange that offers USDC options and has one of the largest BTC futures open interest. In addition, the exchange is an extensive derivatives platform that covers both futures and perpetual contracts.
The exchange recently introduced stablecoin-margined option contracts that allow traders to trade crypto options using just USDC, totally removing the need to buy or own the underlying crypto asset.
Furthermore, Bybit has a specialized margin and unified account system, which allows traders to lower margin requirements on hedged positions. This unique feature provides an option to enable traders to deploy profits from winning positions to offset losing positions in the same portfolio.
The partnership brings advanced tools to traders.
With the partnership with Actant, Bybit now provides a full range of tools for its traders to manage risk, trading, automation, and quoting on the exchange. Actant is a company that provides trading solutions for financial firms that are trading on the world’s major derivatives and stock exchanges.
Actant delivers unique algorithmic tools for traders to improve market making, automated trading, professional trading, risk control & compliance, and connectivity.
Dan Sacks, CEO of Actant, had the following to say on the partnership;
“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.”
Furthermore, Ben Zhou, the CEO of Bybit, is confident that the partnership will benefit both institutional and retail clients. He had the following to say on the partnership;
“Actant, as an industry leader, is a natural fit for Bybit, and we are excited to combine their institutional-grade tools with our deep liquidity and ultra-fast 100K TPS matching engine. This partnership will allow users of both our platforms to benefit from the exponential growth of the crypto derivatives market, and strengthen both parties’ positions as market leaders.”
Overall, the partnership is set to deliver a new experience for trading by leveling up the set of tools available on the platform.