Bybit Partners With Greeks.live; Plans to Enhance Trading Capacity for the New USDC Options
News release by Bybit
Victoria, Seychelles | September 20, 2022 05:04 AM Eastern Daylight Time
Bybit, one of the world’s fastest growing crypto exchanges, has partnered with Greeks.live, a trading and analytics platform, which provides easy-to-use trading tools and exposure analysis data for options traders.
The partnership will cement the benchmark status of Bybit’s new USDC-settled options contracts, which now cover BTC, ETH, and SOL contracts. The first-in-market USDC options allow Bybit’s users to settle and trade with more certainty and ease, without needing to own the underlying crypto assets.
Under the agreement, Bybit will provide data to Greeks.live so that it can track users' positions and Bybit's public data, and feed these into its smart visualization tools. Greeks.live will also allow traders to use specialist tools such as “Synthetic Knock-in Options" and "One Click Delta Hedging" to trade on Bybit.
As a leading exchange for the emerging digital asset class, Bybit is partnering with Greeks.live to strengthen further the market position of both parties, including Mandarin speakers. Greeks.live will provide risk distribution analysis on users’ portfolio greeks, as well as a maintenance margin stress test tool, which will help them trade Bybit’s USDC-settled options with safer margin.
Bybit is the one-stop gateway for USDC-settled options. The crypto exchange’s market-beating liquidity is matched with portfolio margin, which lowers margin requirements on hedged positions, and unified accounts that accept BTC/ETH/USDT/USDC as collateral.
“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,” said Ben Zhou, co-founder and CEO of Bybit. “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.”
“We are pleased to join forces with Bybit to explore a new growth point in crypto space, the options market. We are experienced in providing trade execution, risk assessment, data presentation tools as well as options traders education projects and we believe in the success of our partnership with Bybit.” said Jeff Liang, co-founder and CEO of Greeks.live.
Recently, Bybit launched its ultimate options trading guide, “How to Hedge with Crypto Options to Maximize Gains During BTC Uncertainty”, an open resource to help investors navigate the lucrative world of crypto options. The guide, which is the most comprehensive in the industry, will see Bybit’s analysts take the position of mentors to new and experienced options traders as they explore the platform’s new BTC, ETH, and SOL options contracts.
Bybit is a cryptocurrency exchange established in March 2018 that offers a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service and multilingual community support. Bybit is a proud partner of Formula One racing team, Oracle Red Bull Racing, esports teams NAVI, Astralis, Alliance, Virtus.pro, Made in Brazil (MIBR), City Esports, and Oracle Red Bull Racing Esports, and association football (soccer) teams Borussia Dortmund and Avispa Fukuoka.
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Bybit is a cryptocurrency exchange established in March 2018 that offers a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service and multilingual community support. Bybit is a proud partner of Formula One racing team, Oracle Red Bull Racing, esports teams NAVI, Astralis, Alliance, Virtus.pro, Made in Brazil (MIBR) and Oracle Red Bull Racing Esports, and association football (soccer) teams Borussia Dortmund and Avispa Fukuoka.
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