Bybit announces entry into spot crypto trading market

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Bybit, an exclusively derivative cryptocurrency exchange, has announced its expansion into the crypto spot trading market.

Bybits’ new spot trading platform was open to everyone on July 15 and comes with no manufacturer fees. At launch, BTCUSDT, ETHUSDT, XRPUSDT, and EOSUSDT were supported.

A spot transaction allows traders to buy and sell the crypto-asset on the spot and at the current market rate once an order is executed. In the spot market, ownership of crypto assets is transferred directly between buyers and sellers. The crypto spot is not only a fundamental starting point for new market entrants, but a complementary vehicle for derivatives traders engaging in hedging strategies.

Bring world-class liquidity and reliability to spot trading

Bybit prides itself on being a reliable, stable, and usable bull running exchange. Unique among the major exchanges, Bybit experienced no overhead or downtime.

Liquidity is arguably the supreme attribute for asset trading. The Bybits derivatives trading platform has the best liquidity in the world and the tightest spread. Traders are assured of the best quote and best execution in the market, even in extreme volatility.

Bybits retail focused products and customer support focused services will help lower the entry threshold to crypto trading to a multitude of new clients across the globe, allowing them to seamlessly enjoy immediate delivery. crypto transactions.

It has been the greatest privilege for Bybit 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’re excited to bring with us to spot the world-class liquidity and reliability derivatives that clients associate with Bybit.

Bybit is a cryptocurrency exchange established in March 2018 to provide a professional platform where crypto traders can find a lightning-fast match engine, great customer service, and multilingual community support. The company provides innovative online trading services and cloud mining products, as well as API support, to retail and professional customers around the world, and strives to be the most reliable exchange for the class. of emerging digital assets.

Polly Jean Harrison

Polly is a journalist, content creator and spokesperson from North Wales. She has written for a number of publications, typically focusing on the topics of fintech, tech, lifestyle, and body positivity.

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