Bitcoin
$43,754.51+4.11%
Ethereum
$3,083.74+9.01%
XRP
$0.964035+4.31%
Cardano
$2.23+0.39%
Polkadot
$29.42+2.39%
Stellar
$0.278117+3.27%
Dogecoin
$0.206045+0.90%
Chainlink
$24.55+3.05%
Uniswap
$24.17+28.53%
Algorand
$1.81+9.68%
Polygon
$1.13+4.93%
Cosmos
$39.03+4.01%
Litecoin
$152.39+2.99%
Bitcoin Cash
$505.36+0.50%
Wrapped Bitcoin
$43,819.79+4.08%
The Graph
$0.704799+6.94%
Tron
$0.089672+2.16%
Filecoin
$57.89+3.13%
Ethereum Classic
$47.13+2.55%
Tezos
$6.41-4.90%
Aave
$295.79+11.82%
Monero
$243.53+3.72%
NEO
$39.09+4.26%
EOS
$3.97+2.06%
IOTA
$1.20+2.59%
BitTorrent
$0.003207+1.54%
Bitcoin SV
$128.10-0.78%
Waves
$23.80+2.63%
Maker
$2,359.55-0.45%
Dash
$162.20+1.97%
Decentraland
$0.701579-2.71%
Decred
$114.32+2.31%
ICON
$1.60+6.61%
NEM
$0.148098+3.88%
Zcash
$110.78+1.43%
OmiseGO
$9.14+9.24%
Paxos Standard
$1.00-0.01%
Yearn Finance
$30,350.47+5.41%
Ren
$1.09+11.83%
NuCypher
$0.276922+0.06%
Qtum
$9.72+5.04%
Bitcoin Gold
$52.08+2.32%
Basic Attention Token
$0.644645+3.81%
Fetch.ai
$0.805209-0.35%
0x
$0.903892+4.93%
Kava.io
$5.75+2.93%
Bancor
$3.56+5.34%
Band Protocol
$7.50+4.84%
Siacoin
$0.015003+5.20%
Nano
$4.48+2.90%
Loopring
$0.378438+2.79%
Storj
$1.08+3.70%
Numeraire
$41.37+2.39%
Civic
$0.429762+0.57%
Lisk
$2.83+2.68%
Orchid
$0.321725+3.20%
PAX Gold
$1,763.98+0.35%
Enzyme
$148.63-4.45%
Augur
$20.88+2.61%
Aragon
$4.80+7.97%
district0x
$0.152770+5.86%
Kyber Network
$1.46+5.11%
SingularDTV
$0.001220-3.72%
Tether
$1.00-0.03%
USD Coin
$1.00-0.06%
Dai
$1.00-0.04%

Crypto Derivatives Exchange Bybit Expands Into Spot Trading

The platform has opened with four trading pairs. More will follow shortly.

Jul 15, 2021 at 6:00 a.m. UTC
Updated Sep 14, 2021 at 1:25 p.m. UTC

Singapore-based cryptocurrency exchange Bybit has launched a spot trading platform as a complement to its core derivatives offering.

  • The platform opened at 6:00 UTC Thursday (2 a.m. ET) with four trading pairs: BTC/USDT, ETH/USDT, XRP/USDT and EOS/USDT.
  • More trading pairs will follow shortly, according to an emailed announcement.
  • Bybit said spot trading is a "complementary vector" to its derivatives offering for hedging bets on cryptocurrencies.
  • Bybit has faced a trying few months in the face of regulators, including in the U.K. where they cut off its service to British customers in March following the Financial Conduct Authority's ban on crypto derivatives.
  • In June, Bybit faced an accusation from the Ontario Securities Commission in Canada that it was operating an unregistered crypto asset trading platform that encouraged customers to trade crypto assets that are securities and derivatives on its platform.

DISCLOSURE

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Loading...