To maintain
its position among the largest exchanges handling Bitcoin (BTC) futures traffic,
Bybit Institutional has launched its updated trading platform. The platform
aimed at professional traders, a part of the Bybit exchange, has received a
refreshed interface. According to the company, the update better reflects the
range of innovations taking place in the rapidly evolving cryptocurrency
sector.
In addition
to its refreshed look, the updated version of the institutional platform offers
access to deep liquidity and fast order execution . As Bybit stated,
institutional clients can also expect high security for their assets and a
favorable fee structure.
According
to Coinglass data, Bybit Institutional is one of the top three platforms most
frequently chosen by professional traders looking for opportunities to trade in
cryptocurrency futures contracts. The platform has secured a top-three spot
among crypto exchanges for total BTC futures open interest.
The move
comes when rumors have surfaced that the platform plans to exit the
United Kingdom due to regulations that came into effect in early October.
However, Bybit has disavowed these rumors, stating that it has no intention of
leaving the UK market.
“We
are thrilled to introduce the new Bybit Institutional page, designed to cater
specifically to the needs of our institutional clients,” said Eugene
Cheung, the Vice President and Head of Bybit…
