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Crypto Derivatives Exchange Bybit Expands Into Spot Trading

The platform has opened with four trading pairs. More will follow shortly.

作者 Jamie Crawley
更新 2021年9月14日 下午1:25已发布 2021年7月15日 上午6:001 min read由 AI 翻译
Singapore.
Singapore.

Singapore-based cryptocurrency exchange Bybit has launched a spot trading platform as a complement to its core derivatives offering.

  • The platform opened at 6:00 UTC Thursday (2 a.m. ET) with four trading pairs: BTC/USDT, ETH/USDT, XRP/USDT and EOS/USDT.
  • More trading pairs will follow shortly, according to an emailed announcement.
  • Bybit said spot trading is a "complementary vector" to its derivatives offering for hedging bets on cryptocurrencies.
  • Bybit has faced a trying few months in the face of regulators, including in the U.K. where they cut off its service to British customers in March following the Financial Conduct Authority's ban on crypto derivatives.
  • In June, Bybit faced an accusation from the Ontario Securities Commission in Canada that it was operating an unregistered crypto asset trading platform that encouraged customers to trade crypto assets that are securities and derivatives on its platform.

Read more: BitMEX to Offer Custody, Spot Trading to Expand Beyond Crypto Derivatives

DerivativesSpot TradingCrypto ExchangeBybit

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