Cryptocurrency exchange Bybit is expanding the services it is offering its clients thanks to this latest development.
Bybit exchange announced on Monday that it had integrated Actant’s fully-hosted trading solutions into its growing derivative offering.
According to Bybit, Actant’s trading solutions ensure that proprietary trading firms, market makers, investment banks, and hedge funds trading the derivative and equity exchanges enjoy programming flexibility and control.
Combining Actant’s automated trading services with Bybit’s market data and underlying infrastructure, cryptocurrency traders will now be able to access advanced derivative and risk analytics services in real-time.
Bybit added that a new breed of algorithmic trading software, risk management and quoting designed to give traders improved performance is now available on its derivative platform.
By taking advantage of the full range of Actant’s capabilities, Bybit traders can create custom algorithms capable of executing multi-asset class trading strategies.
Dan Sacks, CEO of Actant, commented that;
“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.”
Ben Zhou, co-founder and CEO of Bybit, also added that the crypto exchange is excited about this latest development. He stated that;
“I’m confident this partnership will benefit both our institutional and retail clients. 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.”
The low Bybit fees make it one of the fastest-growing cryptocurrency exchanges in the world. Furthermore, Bybit reviews have generally been positive, as the exchange has provided traders with the necessary tools to become successful.
Bybit explained that as more sophisticated investors enter the cryptocurrency space, more investors are becoming interested in trading derivatives. Derivatives allow traders to bet on the price of cryptocurrencies without holding the actual coins and tokens.
Bybit has been expanding its presence within the derivative trading world. In April, the crypto exchange introduced trading on USDC options and perpetual contracts. With this product, traders can take advantage of market volatility, hedge risk, and discover prices through options.
The launch of the derivative trading products came following a trial period. During that period, Bybit considered the various feedback in a bid to improve the user experience of optimization of margin and risk control mechanisms.
Bybit USA is not an option at the moment as the cryptocurrency exchange is not available in the country. However, as Bybit continues to expand its presence globally, the option remains on the table.