Crypto Derivatives Exchange Bybit Expands Into Spot Trading
The platform has opened with four trading pairs. More will follow shortly.
Jul 15, 2021 at 6:00 a.m. UTCUpdated Aug 21, 2021 at 12:21 p.m. UTC
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindeskuat/2GKWYBNSMFF4DOET4NHM3PDSAQ.jpg)
Singapore-based cryptocurrency exchange Bybit has launched a spot trading platform as a complement to its core derivatives offering.
- The platform opened at 6:00 UTC Thursday (2 a.m. ET) with four trading pairs: BTC/USDT, ETH/USDT, XRP/USDT and EOS/USDT.
- More trading pairs will follow shortly, according to an emailed announcement.
- Bybit said spot trading is a "complementary vector" to its derivatives offering for hedging bets on cryptocurrencies.
- Bybit has faced a trying few months in the face of regulators, including in the U.K. where they cut off its service to British customers in March following the Financial Conduct Authority's ban on crypto derivatives.
- In June, Bybit faced an accusation from the Ontario Securities Commission in Canada that it was operating an unregistered crypto asset trading platform that encouraged customers to trade crypto assets that are securities and derivatives on its platform.
STORY CONTINUES BELOW
13:18
Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
05:10
Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
04:07
The first video of the year 2024
40:07
The last regression video of the year 3.67.0
:format(webp)/downloads.coindesk.com/arc/failsafe/user/1x1.png)