Crypto Derivatives Platform Bybit Launches Spot Trading

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Singapore-based cryptocurrency derivatives exchange Bybit, which was founded in 2018 and is the second largest Bitcoin futures exchange in terms of open interest and trading volumes, has just announced it is expanding its crypto-related services, The Block reports.

According to an announcement made by the company, the exchange is adding support for Bitcoin, Ether, XRP and EOS spot trading against Tether (USDT). However, the platform plans to add additional assets in the future.

The exchange has said the spot trading feature will be free of charge. We should remember that other platforms that offer the same service charge some fees. For example, Binance, the world’s largest cryptocurrency exchange by trading volume, charges 0.1000% maker fees for trading a volume worth less than 50 Bitcoins.

The company CEO and founder, Ben Zhou, said that the exchange will also offer options trading already this year.