Bybit, currently the world’s third most visited crypto exchange, has forged a strategic alliance with Paradigm, the preeminent institutional liquidity network for crypto derivatives traders. This partnership brings forth a dynamic fee-slashing promotion that is set to captivate the attention of both new and seasoned options traders.
Bybit’s collaboration with Paradigm serves a dual purpose: to lure fresh professional options traders to its platform and to bolster its offerings tailored for institutional participants. This strategic move amalgamates Paradigm’s unmatched expertise in block trading with Bybit’s reputation for providing a seamless trading environment.
The core focus of this promotion revolves around accessibility and a highly competitive fee structure. New users are required to complete just a single trade of any size to qualify. Once eligible, traders can revel in the benefits of Bybit’s most competitive ‘Pro5’ fee rate across options, perpetual contracts, and spot trading until October 11th. Furthermore, traders who achieve a commendable $10 million in options taker volume via Paradigm by the same date will be entitled to an extended discounted fee period.
Bybit’s options market stands out for its flexibility, offering daily, weekly, monthly, and quarterly expiries on Bitcoin (BTC) and Ethereum (ETH). Its trading platform is renowned for its robust functionality, world-class infrastructure, and deep liquidity.
Ben Zhou, the co-founder and CEO of Bybit, expressed his enthusiasm about this collaboration, stating, “We are excited to collaborate with Paradigm to introduce this exclusive promotion for institutional option traders. We remain committed to powering innovation and offering sophisticated trading tools for institutions. This collaboration further strengthens our position as a leading player in the crypto derivatives market.”
Anand Gomes, co-founder and CEO of Paradigm, echoed Zhou’s sentiments, saying, “Bybit and Paradigm share an unwavering commitment to serving our institutional customers over the long haul. Our collaboration is a testament to our dedication to simplifying the path for institutions venturing into the world of crypto. Together, we pave the way for a future where accessibility and innovation converge.”
Bybit, founded in 2018, has rapidly ascended the ranks in the cryptocurrency exchange arena, offering traders a professional platform featuring an ultra-fast matching engine, impeccable customer service, and multilingual community support.
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