Bybit, which claims to be one of the most visited crypto exchanges, is pleased to announce the launch of its dedicated Broker Program, “welcoming white-label exchanges, asset management platforms, trading terminals, trading platforms, strategy aggregators, and trading firms seeking to dive into the world of crypto.”
The Bybit Exchange Broker Program empowers brokers “with a comprehensive set of features, ensuring operational independence and flexibility.”
Brokers reportedly gain access “to user management tools, flexible commission models, and more.”
Advantages and benefits of the Bybit Exchange Broker Program include:
- Full access to Bybit’s diverse product suite of spot, margin, derivatives and more;
- Advanced wallet functions for seamless deposits, transfers and airdrops;
- Customizable APIs with high rate limits for tailored trading;
- Upcoming API features like Copy Trading, Convert and Staking to expand opportunities.
In addition to these benefits, Bybit also provides brokers “with top liquidity, autonomous user management, and a customized revenue structure.”
The Broker Program offers a sophisticated account structure “with privacy measures and effective oversight. It also includes essential marketing tools and ongoing support for client attraction and retention.”
Ben Zhou, co-founder and CEO of Bybit, said:
“When we collaborate and advance together, we can better serve the industry. Bybit is dedicated to fostering collaboration and driving innovation in the crypto market, and the launch of the Broker Program is a testament to this commitment.”
In another update from Bybit, it was noted that the platform launched Easy Options — a new, user-friendly tool designed to simplify options trading.
This feature, available from Nov. 15, 2023, streamlines options trading, “allowing users to easily identify and capitalize on opportunities.”
Easy Options is an entry-level tool that “eliminates the complex process of filtering through numerous expiration dates and prices.”
By showcasing popular options and crucial information, it “enables users to quickly grasp profit opportunities with a one-click buy solution.”
Easy Options comes with exploration and selection functions.
These include:
- Popular Option Recommendations: Handpicked options for effective trading
- Tracking of Large Transactions: Insight into significant market movements
- Simplified Selection Process: Easy-to-understand presentation of profit conditions, costs, and price movements
This feature is particularly beneficial “for beginners, traders seeking profit opportunities, and those who wish to emulate expert traders.”
Easy Options can be used “with Bybit’s Unified Trading Account (UTA), which enhances trading efficiency.”
The UTA system lowers margin requirements “on hedged positions, thus increasing capital efficiency by using profits from winning positions to offset losses in the same portfolio.”