Crypto exchange Bybit taps Actant’s automated trading solutions

abdelaziz Fathi

Cryptocurrency exchange Bybit today announced that Actant’s fully-hosted trading solutions have now been added to its growing derivative offering.

Bybit

Actant’s trading solutions deliver algorithmic programming flexibility and control to proprietary trading firms, market makers, investment banks and hedge funds trading the derivative and equity exchanges.

By combining their automated trading services with Bybit’s market data and underlying infrastructure, crypto traders can access advanced derivative and risk analytics services in real-time.

A new breed of algorithmic trading software, risk management and quoting designed to give traders improved performance are now available on Bybit’s derivatives platform. Using the full range of Actant’s capabilities, traders can develop custom algorithms capable of executing multi-leg multi-asset class trading strategies across multiple trading venues.

“Actant is excited to have the opportunity to add and spotlight Bybit as part of our crypto destination offering,” said Dan Sacks, CEO of Actant. “Actant is committed to rapidly expanding support of the crypto space, but remains selective in its investments. Bybit’s innovation, leadership, and success accelerated our commitment to this integration. We look forward to enabling our mutual clients to unlock the full potential of Bybit with Actant’s algorithmic quoting, and ExStream automated trading and hedging.”

Bybit expands its crypto derivatives offering

“I’m confident this partnership will benefit both our institutional and retail clients,” said Ben Zhou, co-founder and CEO of Bybit. “Actant, as an industry leader, is a natural fit for Bybit, and we are excited to combine their institutional-grade tools with our deep liquidity and ultra-fast 100K TPS matching engine. This partnership will allow users of both our platforms to benefit from the exponential growth of the crypto derivatives market, and strengthen both parties’ positions as market leaders.”

As more sophisticated investors enter the crypto market, the notice reflects increasing investor interest in trading derivatives, which let traders make bets on the price of cryptocurrencies without the need for actual delivery.

In April, Bybit rolled out trading on USDC options and perpetuals contracts as the influential platform expands its crypto derivatives offering. The product helps traders take advantage of volatility, hedge risk and discover prices through options, which are generally simple and have no special or unusual features.

The roll-out of options product, quoted in dollar-backed stablecoin USDT, came on the heels of a trial period which examined common feedback in order to improve the user experience of optimization of margin and risk control mechanisms.

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