DUBAI, UNITED ARAB EMIRATES – Media OutReach – November 2, 2023 –
Bybitthe third most visited crypto exchange in the world, is excited to announce a series of key product updates that will significantly improve the trading experience for its valued institutional clients, including improved margin leverage for lending OTC and the transition to the USDC index for USD Index pricing.
Improved margin leverage for OTC loans
Starting today, institutional loan users can now benefit from high spot margin leverage of up to 5x, an increase from the previous 3x. This adjustment extends to the maximum leverage allowed for margin trading and LOOMUSDT/TRBUSDT Perpetual, providing a broader spectrum of flexibility and potential within trading strategies.
Transitioning to USDC Pricing
Bybit Institutional has officially switched from the USD Index to the USDC Index for pricing USDC contracts and options. This strategic change ensures that index prices, brand prices and order book quotes for USDC perpetual contracts, USDC futures and USDC options will now be exclusively quoted in USDC. By adopting USDC pricing, Bybit Institutional aims to improve the clarity and consistency of the trading experience for institutional members.
Eugene Cheung, Vice President and Head of Bybit Institutional, said: “We are excited to introduce product updates that increase INS loan margin leverage and the transition to USDC pricing. This provides institutional users with greater flexibility and a more streamlined trading experience. These updates demonstrate our dedication to meeting evolving customer needs and providing advanced trading solutions.
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