Bybit, a cryptocurrency derivatives exchange, just launched its trading platform for BTC and ETH perpetual contracts. The platform aims to bring about a change in the cryptocurrency markets with financial standard risk-management, a state-of-the-art speed matching engine, and 24/7 multilingual live customer support which offers a different approach to customer relations in cryptocurrency trading.
To commemorate its launch, Bybit has decided to host two promotional activities: a 10% reduction in taker fees for all new registrations and a Wheel of Fortune like event in which all participants are guaranteed to receive a prize. The free of charge event gives users a chance to spin the wheel several times for a maximum total prize of USD 7000.
Bybit Official Launch
Bybit has announced that, following its year of development and testing, their online trading platform will be launched on December 1, 2018.
Founded earlier this year, the company spent the following months gathering professionals in cyber and crypto security, financial experts, and IT specialists to conduct extensive research and development. Bybit aims to revolutionize today’s cryptocurrency market by combining the best of cryptocurrencies and traditional finance to bring about the industry’s, most reliable, transparent, user-friendly, and safest trading platform to date.
After months of research, planning, and testing the company has now released its exchange along with its first product, the 100x leverage BTC perpetual contract.
The Best Trading Platform for Cryptocurrency Futures and Derivatives
Bybit’s new cryptocurrency trading platform focuses on three main points: transparency, technological updates, and bringing a human touch to an industry known for a lack of customer support. This is coupled with a desire to raise the industry standards to that of a regulated financial environment to create a fair cryptocurrency trading ecosystem.
Transparency is visible in all aspects: from trading, use of a dual price mechanism, access to all APIs, history of funding, and clear and detailed reports of all fees and commissions.
The technological progress is visible in the custom-made speed matching engine providing 10 times the industry speed with 100,000TPS per contract. The company also uses a multi-signature cold wallet, a user-friendly interface, and an advanced order system to provide a better user experience.
The human aspect of Bybit is perhaps the most important as the company wishes to differentiate itself from the cold attitude many exchanges continually display. This is portrayed through their 24/7 multilingual live customer support, free trading education courses, and most notably its commitment to change and improvement.
Bybit also distinguishes itself in other aspects such as their high IB commissions, advanced order system, demo account, and much more. But most of all is the company standard for continuous improvement and expansion of the products, features, and content it offers such as the upcoming release of 100x leverage ethereum perpetual contracts.
Bybit is a new player in the small, but growing, family of cryptocurrency derivative exchanges. While praising the dedication the company displays towards the creation of a fair cryptocurrency trading environment, we wait to see where the future will take them.