Bybit taps SignalPlus to elevate options trading
Cryptocurrency exchange Bybit today announced that SignalPlus’ trading solutions have now been added to its growing options offering.
SignalPlus is a Singapore-based enterprise technology company offering options trading for digital and crypto assets. This alliance with Bybit is its first interaction with a cryptocurrency exchange and helps bridge the infrastructure gap that currently exists in both CeFI and DeFI option platforms.
The collaboration entails the development of a customized options-centric dashboard platform built for professional options traders. It caters to Bybit’s users who want to gain access to deep pockets of liquidity in order to optimize their block trades.
Behind the scenes, SignalPlus provides an AI-powered options trading robot that can fully automate market making and risk hedging. Furthermore, the platform’s open API services allow Bybit users to subscribe into an advanced suite of functions including automated option market making, dynamic delta hedging, and structured products pricing.
SignalPlus provides a technology stack with a full suite of modular toolkits wrapped around a user-centric interface. 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.”
“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.
This partnership will elevate trading on Bybit after it rolled out USDC options and perpetuals contracts as the influential platform expands its crypto derivatives offering.
The new product addition will help traders take advantage of volatility, hedge risk and discover prices through options, which are generally simple and have no special or unusual features.
Bybit remains the only exchange to offer USDC options trading and settlement, which allows users to trade crypto options conveniently using USDC, without the need to buy or own the underlying crypto asset.
