Bybit, a well-known cryptocurrency exchange in the world, has partnered with Laevitas, a data analytics platform that provides quantitative financial models for the cryptocurrency market. The partnership aims to raise the market positions of both leading platforms.
Benefits of the Partnership
Bybit will contribute data to the Laevitas platform as a result of this new relationship, giving traders access to sophisticated data analytics to help them make better trading decisions. Additionally, customers of Bybit’s options contracts can settle and trade with USDC without owning the less volatile underlying crypto asset.
Hassen Naas, the CEO and co-founder of Laevitas, remarked;
Bybit quickly ascended to become one of the leading exchanges when they launched perpetual and futures. With their recent launch of options, we anticipate a similar trajectory, especially when looking at the innovation they bring to the table.
Additionally, Laevitas already has data from Bybit’s large volume Futures, Perpetual, and its new USDC Options Contracts, which contain BTC, ETH, and SOL. Laevitas’ emphasis on insightful market analytics and Bybit’s focus on high-precision trading with real-time market data given every 20 milliseconds.
Ben Zhou, the CEO and co-founder of Bybit, said that;
We are happy to provide data from our ultra-fast 100K TPS matching engine to a top-tier analytics platform like Laevitas.
Spot pairs, NFTs, and passive income products were most recently added to the portfolio of Bybit. Along with this agreement, Bybit also published How to Hedge Using Crypto Options to Maximize Gains During BTC Uncertainty, a new online guide for options trading.