Partnerships are crucial for businesses. Why? Because great partnership can include gaining a competitive edge, profit and risk-sharing, shared development and resource costs, decreased time-to-market, and access to new markets. There are many reasons why companies form an alliance but the major one is customer satisfaction, to provide their users/consumers better access to their services and with the same goal Bybit, one of the world's fastest growing cryptocurrency exchanges has joined hands with SignalPlus, a leading enterprise technology company offering options trading for digital and crypto assets.
This partnership's main goal is to develop a customized options-centric dashboard platform. It will be built for professional options traders seeking to access global liquidity and optimize their trades. Also, Artificial intelligence or AI-powered options trading robots that would be capable of fully automating market making and risk hedging by SignalPlus. Tailor-made for Bybit users, these features aim to enable traders in maximizing their capital efficiency with their unified margin accounts.
"Considered as the standard bearer for crypto options, SignalPlus will be an excellent tool for our users to elevate their trading experience," said Ben Zhou, co-founder and CEO of Bybit. "We look forward to bringing our products and services to the next level with this partnership with SignalPlus, and our users benefiting from its functionalities."
Liquidity is arguably the be-all and end-all attribute for asset exchanges. Coupled with SignalPlus' institutional-grade and integrated options platform solutions, Bybit's significant market depth and best-in-class liquidity can help ensure traders the best quote and best execution even during extreme volatility, allowing them to go further in trades and enjoy maximum profitability.
"We are very glad to be Bybit's official partner in crypto options, an area we expect to see exponential usage growth and adoption over the next few years. Bybit is an absolute first-class exchange with an incredible tech infrastructure, which is the perfect companion to leverage SignalPlus' proprietary tech offerings. Together, we aspire to be the leading platform to serve the industry's crypto options needs, and we couldn't be more excited about our immediate journey ahead," said Chris Yu, co-founder and CEO of SignalPlus.
ByBit is a next-level cryptocurrency exchange that combines trading, earning, and learning all in one. ByBit has built up an NFT platform in addition to a variety of yield options under the Earn section. The company also offers a launchpad and early access to new tokens, as well as several unorthodox services like trading bots.
ByBit, at its best, only provides up to 100x on BTCUSDT tier 1 margin requirements. ByBit has a complicated margin requirement system and is lacking in terms of power across other cryptocurrencies. At roughly half of what PrimeXBT offers, ByBit falls short of the bar set by its peers. Also, ByBit only provides exposure to cryptocurrencies.
Bybit Launchpool allows you to stake and earn tokens for free. The tokens you've staked can be unstacked anytime.
You'll need to complete KYC Level 1 verification first to stake BIT and/or the new token on the Bybit Launchpool. KYC verification is not required for "Study to Earn" and "Share to Earn". Please note that enterprises are not eligible for the event. You can log in to your Bybit account and click here to complete the individual KYC verification.
Bybit's Shark Fin is a principal-guaranteed product that allows you to capitalize on the expansion and contraction of volatility for a chosen crypto asset. If the price of the underlying asset is confined within the preset price range on the settlement date, you'll earn an enhanced yield. If the price of the underlying asset exceeds or is equal to, the preset price range during the subscription period, you may still make a profit.
Bybit Shark Fin offers investors easy access to earn high yields even in a low-interest environment. The Bullish or Bearish Shark Fin helps investors earn interest based on the product's settlement price and the pre-defined price range upon maturation date.
About SignalPlus
SignalPlus offers an options-centric dashboard platform that features IB-grad pricing, analytics, risk management, and direct trading capabilities. The platform also allows users to subscribe to and use its Core+ functionalities such as automated option market making, dynamic delta hedging, advanced execution algorithms, and a flexible exotic structure price via open API protocols. The company was founded in 2021 and is based in Hong Kong.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.