SINGAPORE - Media OutReach - 15 July
2021 - Bybit, hitherto the world's largest derivatives-only cryptocurrency
exchange, has announced its expansion into the crypto spot trading market.
Makes Audacious Stride Into Spotlight
Bybit's new spot trading platform
opens to all on July 15 at 6AM UTC, and comes with zero maker fees. Upon
launch, BTCUSDT, ETHUSDT, XRPUSDT and EOSUSDT will be supported. More trading
pairs will follow shortly.
A spot trade allows traders to buy and
sell the crypto asset "on the spot" and at the current market rate once an
order is filled. In the spot market, ownerships of crypto assets are
transferred directly between buyers and sellers. Crypto spot is not only a
foundational starting point for new market entrants, but a complementary vector
for derivatives traders engaging in hedging strategies.
World Class Liquidity and Reliability to Spot Trading
Bybit has proven itself to be the most
reliable, stable and usable exchange of the bull run. Unique among major
exchanges, Bybit experienced no overload nor downtime throughout.
Liquidity is arguably the be-all and
end-all attribute for asset exchanges. Bybit's derivatives trading platform has
the world's best
liquidity and tightest spread. Traders are ensured
the best quote and best execution in the market even during extreme volatility.
Bybit's retail focused products and
customer support focused services will help lower the entry threshold to crypto
trading to a whole host of new customers around the world, allowing them to
seamlessly enjoy the immediate delivery of crypto trades.
"It has been Bybit's utmost privilege to
have enjoyed the ardent support of our community and partners as we continue to
grow and improve," said Ben Zhou, co-founder and CEO of Bybit. "We are excited
to bring with us to spot trading the world class liquidity and reliability
derivatives clients have come to associate with Bybit."