Bybit, a crypto exchange in the market to offer USDC options trading, is expanding its range of crypto options to include ether (ETH) and solana (SOL) contracts. This comes after debuting its first-in-market, USDC-settled citcoin (BTC) contracts earlier this year.

Bybit, a crypto exchange in the market to offer USDC options trading, is expanding its range of crypto options to include ether (ETH) and solana (SOL) contracts. This comes after debuting its first-in-market, USDC-settled bitcoin (BTC) contracts earlier this year.

By popular demand, Bybit’s new ETH and SOL options contracts represent an important step in developing more ways for Bybit users to level up their trading experience. 

Upon launch, Bybit users will be able to trade ETH, SOL, and BTC options and perpetuals through portfolio margin, which adopts a risk-based model for experienced traders, including market makers and institutional clients, for optimised capital efficiency.
 
As 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.
 
There is no need for users to hedge the underlying collateral exposure as USDC is pegged to the value of USD, and is therefore not subject to the volatility often associated with other cryptocurrencies. All profits will also be calculated in USDC, making it easier for users to benchmark and calculate returns