Bybit Enables Two-Way Margin Trading With Perpetual Contracts Quoted in Tether
The Singapore exchange is adding tether (USDT) perpetual contracts to simplify account management and allow two-way trades.
Users will have to undergo facial recognition and share identity documents make withdrawals.
The action against Bybit follows a similar one the OSC took against KuCoin trading platforms earlier this month.
The platform has opened with four trading pairs. More will follow shortly.
The global derivatives giant improves from fifth place earlier this week. Binance ranks first.
Bybit said it will no longer be providing its services following the Financial Conduct Authority’s (FCA) ban on crypto derivatives.