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Bybit, the world’s third most visited crypto exchange, launched its ultimate options trading guide today, an open resource to help investors navigate the lucrative world of crypto options. The guide, which is the most comprehensive in the industry, will see Bybit’s analysts take the position of mentors to new and experienced options traders alike as they explore the platform’s new BTC, ETH, and SOL options contracts.
The guide is titled “Expand Your Options” and will teach users how best to trade Bybit’s first-in-market USDC-margined options contracts.
Options trading makes up a significant part of traditional markets, and as Bybit has many retail investors among its 10 million-strong user base, the Bybit team decided to help make these products more accessible to a wider range of market participants. Indeed, creating user-friendly, educational products is part of Bybit’s mission to become the crypto ark of the world.
In this spirit, the new options guide includes an eight-part guide that covers basic, rookie, and veteran strategies. It also shows how derivatives traders can expand their strategies to include new and effective hedging strategies using options.
In part three, the guide covers basic options strategies such as the “covered call,” and in part four it expands on more advanced plays such as “straddle” and “strangle”. The guide also describes options spreads, shows how they work, and shares how to best use this strategy via a step-by-step process.
“The new options guide will help empower our users to achieve their financial dreams,” said Ben Zhou co-founder and CEO of Bybit. “Our team of experts has created this ultimate guide to trading options, which covers everything from beginner to advanced strategies. We are now a crypto ‘super app’ that serves all crypto participants; anything our customers need in crypto, we will offer.”
Bybit was the first crypto exchange to build options contracts that are margined and settled in USDC. Bybit users can settle and trade with more certainty and ease without needing to own the underlying crypto asset. They are European-style cash-settled options, which can only be exercised when the contract expires.
Bybit’s options system uses a risk-based margin requirement that is aligned with the general risk of an entire portfolio. It increases capital efficiency by deploying profits from winning positions to offset the losses of losing positions in the same portfolio.
Bybit is a cryptocurrency exchange established in March 2018 that offers a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service and multilingual community support. Bybit is a proud partner of Formula One racing team, Oracle Red Bull Racing, esports teams NAVI, Astralis, Alliance, Virtus.pro, Made in Brazil (MIBR), City Esports, and Oracle Red Bull Racing Esports, and association football (soccer) teams Borussia Dortmund and Avispa Fukuoka.
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For more information please visit: https://www.bybit.com/
View source version on newsdirect.com: https://newsdirect.com/news/bybit-creates-expand-your-options-series-for-new-btc-and-eth-contracts-ahead-of-merge-excitement-483529431