As one of the fastest growing crypto exchanges in the world, per bit announced its new partnership with Genesis Volatility, a crypto options analytics platform, to accelerate the growth of Bybit’s new USDC-settled options contracts, which currently include BTC, ETH and FLOOR.
Bybit integrates its USDC options with Genesis Volatility
Launched in March 2018, Bybit is a leading exchange for the emerging digital asset class that offers crypto traders a super-fast matching engine, excellent customer service as well as multilingual community support.
Primed to become a one-stop gateway for USDC-settled options, the crypto exchange’s market-beating liquidity is paired with features like Portfolio Margin, which reduces margin requirements on hedged positions .
Moreover, it also offers unified accounts that accept BTC/ETH/USDT/USDC as collateral.
Meanwhile, Genesis Volatility is a crypto options analysis platform to help traders find an edge and capture alpha. Under the new partnership, Bybit will contribute data to the analytics platform.
Bybit’s data and analysis is already available on the Genesis Volatility website so that traders can more easily capture profits from market movements by seeing how Bybit’s range of popular options contracts are trading.
Lately, the crypto exchange also introduced its new online trading guide program with lots of different options and strategies for both new and experienced traders. The guide is also adapted to the trading tools of the Genesis Volatility platform.
Not only that, but this integration also strengthens the market position of Bybit and Genesis Volatility.
Ben Zhou, co-founder and CEO of Bybit said:
“Genesis Volatility is a leading provider of crypto analytics and data, and in this industry, data points and insights are the foundation of any winning strategy. This partnership will further improve the adoption and use of crypto options worldwide.
Benefits of Integrating Crypto Exchanges and Analytics Platforms
While blockchain technology is being adopted by many organizations around the world, there is also a boom in outfits that allow investors to buy, sell, and store cryptocurrencies.
Hundreds of cryptocurrency exchanges have been launched around the world allowing investors to trade cryptocurrencies, but their costs, quality, and security vary widely.
“We are extremely excited about Bybit’s USDC-denominated options. This will bring great trading opportunities for relative volatility strategies in crypto trading. It will be an exciting source of benefits for traders,” said Genesis Volatility co-founder and CEO Greg Magadini.
To help investors navigate the world of buying and selling cryptocurrencies more easily, crypto exchanges must offer aspiring entrepreneurs the software and data needed to get started in the crypto industry. change.
Meanwhile, crypto analytics puts the power of data in the hands of crypto investors to help them make the most of every opportunity and maximize profits by making better investment decisions.
The partnership of crypto exchanges and analytics platforms is considered to bring more benefits to crypto traders. Along with the tools, crypto traders can also check for trends which can create insightful results to guide their next move.
The future of the crypto industry
Last week, the world’s second largest cryptocurrency, Ethereum, transformed the fundamental architecture governing how it secures its blockchain.
Ethereum changed its blockchain from a configuration called “proof of work”, also used by Bitcoin, to a configuration called “proof of stake”.
Switching to the new style of blockchain will reduce Ethereum’s energy consumption by 99.95%, which is also significant in such an energy-intensive industry.
While the blockchain concept that underpins crypto platforms like Ethereum is built on the idea that an entry cannot be changed once it is made, this transformation of Ethereum shows that the universe crypto can adapt as it grows, making cryptocurrencies more flexible.