Singapore-based crypto exchange Bybit has joined hands with Actant, a trading solutions provider, to offer new trading tools for traders.
The new quoting, automation, trading, and risk tools seek to offer an enhanced crypto experience. Ben Zhou, the CEO and co-founder of Bybit, stated:
“Actant, as an industry leader, is a natural fit for Bybit. We are excited to combine their institutional-grade tools with our deep liquidity and ultra-fast 100K TPS matching engine. This partnership will allow users of both our platforms to benefit from the exponential growth of the crypto derivatives market and strengthen both parties’ positions as market leaders.”
Bybit intends to maximize traders’ needs and preferences by offering a margin and unified account system that enables them to offset losses by using profits from winning positions in the same portfolio.
Dan Sacks, Actant’s CEO, highlighted:
“Actant is committed to rapidly expanding support of the crypto space, but remains selective in its investments. Bybit’s innovation, leadership, and success accelerated our commitment to this integration. We look forward to enabling our mutual clients to unlock the full potential of Bybit with Actant’s algorithmic quoting, and ExStream automated trading and hedging.”
By offering trading solutions to financial firms, including proprietary and hedge funds trading, Actant aims to enhance Bybit’s institutional and retail investors. Sacks added:
“Actant is excited to have the opportunity to add and spotlight Bybit as part of our crypto destination offering.”
Bybit recently expanded its crypto trading options by launching new futures contracts settled in the USDC stablecoin meant to eliminate the need to own or buy the underlying crypto asset.
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Source: https://blockchain.news/news/bybit-partners-with-actant-to-provide-traders-innovative-crypto-tools