Bybit kollaboréiert mam Circle fir USDC Spotpairen a Clientintegratiounen ze bidden

To facilitate the expansion of Bybit as a gateway for retail and institutional USDC-settled products, the third largest crypto derivatives exchange by volume, Circle Internet Financial, a global digital financial technology firm and the issuer of USD Coin (USDC) and Euro Coin (EUROC), has partnered with Bybit.

Bybit’s long-term goal is to be the go-to hub for USDC-settled options. Portfolio margin, which reduces margin needs on hedged positions, and unified accounts that take BTC, ETH, USDT, and USDC as collateral reinforce the Exchange’s superior liquidity. Bybit will increase the number of USDC spot pairs available on their platform, promote greater public understanding of USDC and associated products, and explore more opportunities for collaboration as part of the terms of the agreement.

By collaborating with Circle, the leading cryptocurrency exchange, Bybit hopes to increase the widespread use and acceptance of cryptocurrencies. Bybit debuted USDC options, the first stablecoin-margined option contract, earlier this year, and has since promised to add Ether and Solana options to its trading platform.

Ben Zhou co-founder and CEO of Bybit at the partnership launch event held at Vicinity London stated:

"Mir hunn am ganze Bärenmaart gebaut an hunn fonnt datt USDC en exzellente Fit fir eis Operatiounen ass. Nom Erfolleg vun eisen USDC Optiounen war et opportun fir eis Aarbechtsbezéiung mam Circle weider z'entwéckelen, deen e Ruff fir Oppenheet an Integritéit an hire Servicer an Entwécklung vun der moderner Finanztechnologie huet. Mir freeën eis méi USDC Spotpairen a Produkter un eis Retail an institutionell Clienten ze bidden.

Bybit has pledged to create and promote products that aid in the expansion of USDC, such as spot trading, perpetual contracts, and options, by drawing on the knowledge and skills it has gained as the operator of the industry’s premier cryptocurrency exchange. Bybit also enables automatic, real-time conversions between USD and USDC (or other Circle-issued stablecoins).

Jeremy Allaire, co-founder and CEO of Circle stated:

 “Over the last year, Bybit has ceaselessly delighted users of USDC with the continued expansion of their innovative product offerings. We are thrilled to have Bybit onboard as a partner in our efforts to promote greater access and adoption for USDC.”