Bybit, one of the fastest-growing cryptocurrency exchanges in the world, announced over the weekend that it has partnered with Genesis Volatility, a crypto options analytics platform.
The partnership is designed to accelerate the growth of Bybit’s new USDC-settled options contracts, which currently include BTC, ETH, and SOL contracts.
Bybit is looking to become a one-stop gateway for USDC-settled options. The crypto exchange’s market-beating liquidity also comes with exciting features like portfolio margin, which lowers margin requirements on hedged positions. Furthermore, Bybit offers unified accounts that accept BTC/ETH/USDT/USDC as collateral.
Genesis Volatility, on the other hand, is a crypto options analytics platform designed to help traders find an edge and capture alpha. Thanks to the partnership, Bybit will provide data to the analytics platform.
While commenting on this latest development, Ben Zhou, co-founder, and CEO of Bybit, said:
“Genesis Volatility is a leading provider of crypto analytics and data, and in this industry, data points and information is the foundation of any winning strategy. This partnership will further enhance the adoption and use of crypto options worldwide.”
Bybit said the data and analytics from its platform are already available on the Genesis Volatility website, enabling traders to easily capture profits from market movements by seeing how trades on Bybit’s popular options contracts line up.
This latest development comes not long after Bybit introduced its new online trading guide program with many different options and strategies for both beginners and experienced traders. The features make it perfect for trading tools on the Genesis Volatility platform. Furthermore, this integration also boosts the market position of both Bybit and Genesis Volatility.
The co-founder and CEO of Genesis Volatility, Greg Magadini, added that;
“We’re extremely excited for Bybit’s USDC-denominated options. This will bring big trading opportunities for relative volatility strategies in crypto trading. It will be an exciting source of edge for traders.”
Crypto exchanges around the world are offering aspiring entrepreneurs the software and data needed to get started with the cryptocurrency industry. This is in a bid to make it easier for investors to navigate the world of buying and selling cryptocurrencies.
Crypto analytics give cryptocurrency investors the power of data, empowering them to make the most out of every opportunity and maximize profits by making better investment decisions.
The partnership between crypto exchanges and analysis platforms is considered very important to cryptocurrency traders. In addition to tools, crypto traders have the opportunity of checking trends that can create insightful findings to guide their next action.
Bybit is a cryptocurrency exchange that was launched in 2018 and offers a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service and multilingual community support.
The low Bybit fees make it one of the fastest-growing cryptocurrency exchanges at the moment. Furthermore, Bybit reviews have generally been positive, as the exchange has provided traders with the necessary tools to trade successfully.