Bybit and Circle Internet Financial, also known as Circle, have joined hands to further the growth of USDC while allowing traders to leverage the strength and stability of USDC, one of the leading digital currencies globally.
The Circle is known for being the issuer of USDC and keeping it available 24/7 with internet speed. The update follows USDC-Margined Bitcoin Options getting listed on Bybit in early 2022.
Ben Zhou, the Chief Executive Officer & Co-Founder of Bybit, said it was opportune to further develop the relationship with Circle following the success of USDC Options. Ben Zhou highlighted that Circle has a reputation for being open with integrity in its services and development of financial technology.
As the partnership moves forward, Bybit and Circle will look to drive the development and expansion of the products to support the growth of USDC. This includes Spots, Options, and Perpetual. Moreover, Bybit will proceed to optimize its platform so that traders can auto-convert USD and USDC with a single click.
The Circle was founded on the pillars of transparency, trust, and accountability. It will continue to stand on those pillars at every moment of the partnership that is said to be going down in the history books of Bybit.
Bybit is a crypto derivatives exchange that was founded in 2018. It is headquartered in Singapore, with cryptocurrencies like Bitcoin, Ethereum, and USDT listed on the platform. Bybit extends support to over 20 fiat currencies.
Some of the features of Bybit are as follows:-
- Bybit enables three contract options for the derivatives products. The contract options are Inverse Perpetual, USDT Perpetual, and Inverse Futures.
- Data analysis tools by Bybit give traders access to crucial information like moving average indicators, price moving averages, and monthly price ranges.
- The platform’s user interface is intuitive, giving an amazing experience to new and experienced traders alike.
Users need not go through the KYC process to engage with the platform on their desktop or mobile devices. The platform is compatible with both types of devices and mitigates the loss for users by providing an Insurance Fund guarantee.
Every Bybit review highlights the top performance and popularity of the platform that one cannot miss.
It is easy to register on Bybit whether a person uses a desktop or mobile device. The website has a dedicated registration page where people must provide their details to proceed with the Sign Up process.
The mobile application of Bybit is available on Android and Apple app stores. Download the Bybit mobile application and navigate to the Register button. Move forward by either selecting Email or Mobile as a method of signing up. Enter the verification code to confirm the details, and traders will be all set with their profile on Bybit.
All the countries are eligible to participate in the trading practice except those restricted under the Foreign Account Tax Compliance Act.