BIT.COM AHEAD OF THE BASKET WITH NEW USD MARGINATED CRYPTO OPTIONS TRADING

ANOTHER STEP TOWARDS WIDER INSTITUTIONAL RECOGNITION IN THE CRYPTO INDUSTRY

SINGAPORE, 4 October 2022 /PRNewswire/ — Bit.com has announced the launch of a best-in-class USD underlying options trading service today, providing users with a new tool for trading dollar-denominated crypto options.

A leader in the crypto market since its inception in 2019, Bit.com, the full-suite cryptocurrency exchange, is going further and faster than other exchanges to revolutionize access to options trading.

With the new service up and running, Bit.com users can now trade cryptocurrency options, with the options denominated and settled in USD or USDC.

The inconvenient and obsolete days of having to put up crypto as collateral to trade options in a wide range of cryptoassets are now over – you just need USD or stablecoin in your wallet and the market is yours.

‘In this moment of persistent volatility, our users need an efficient, flexible trading service that gives them exposure to a variety of cryptoassets and hedges where necessary. That’s why we launched USD underlying options trading – to stand out in a crowded market and equip our users to beat the bear market‘ – Lan, co-founder and COO at Bit.com.

Lan has highlighted how trading based on total available USD reduces risk by allowing users to deposit capital in its most stable form. He also sees this as a market trend that is here to stay.

“There will be wider adoption by institutional investors as a result of this scaling up of the options market, as more of our peers will also start offering this as a service. We believe trading volume will increase 10x by 2023 and see this as a trend that will lead people to embrace more altcoin alternatives.

Furthermore, traders do not have to give up their hard-earned money and can use dollars to fund multiple positions.

USD options trading on Bit.com has been two years in the making and comes from a fusion between the exchange’s crypto nous and flair for building exciting user experiences.

This is crypto trading made easy.

Disclaimer:

Trading digital assets can be extremely risky and volatile and is NOT suitable for everyone. The content on this website is not investment advice and does not constitute an offer or solicitation to offer or recommend any investment product. It is for general purposes only and does not take into account your individual needs, investment objectives and specific financial circumstances. The services mentioned on this website may not be available in your country.

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SOURCE Bit.com