Dubai-based crypto exchange Bybit has recently announced its service expansion into crypto options trading, allowing users to trade USD Coin (USDC) options and perpetuals.
Ben Zhou, co-founder and CEO of Bybit, told Cointelegraph that this decision to add options to the product line was in response to its community’s demands. Zhou noted that investors want to trade options because it can “serve as a hedge against existing risks and provide greater market exposure.” It also gives traders a way to diversify their portfolios.