Adding to the exchange platform’s existing cryptocurrency derivatives products, Bybit will now offer spot cryptocurrency trading in four pairs, with additional pairs set to be rolled out in the near future.
Bybit Adds Spot Trading
The recent weakness in crypto prices and transaction volumes hasn’t stopped the industry’s exchanges from competing for order flow. Despite the lull, platforms are continuing to roll out new features and products as innovation abounds.
The latest to introduce new offerings is Bybit, which has opened up trading in spot pairs. The derivatives exchange, which regularly ranks in the top ten crypto derivatives exchanges by volume, has now added support for four spot trading pairs, including BTC/USDT, ETH/USDT, EOS/USDT, and XRP/USDT. Other popular pairs will also be gradually added to the platform.
This complements Bybit’s existing offerings, especially derivatives trading, by offering a method for traders to hedge positions in the spot market without having to change trading venues. The latest introduction of spot