DUBAI, United Arab Emirates, June 1, 2023 — Bybit, the world’s third most visited crypto exchange, today announced that professional options traders will be able to access elite VIP tiers using trading history from other platforms. With this promotion, new options traders could enjoy maker and taker fees as low as 0.01%.
Professional traders will be able to switch to Bybit Options immediately, and access VIP and Pro tiers using trading volume from other exchanges, without the need to build up their trading volume from scratch. Better still, Bybit will award newcomers with VIP/Pro levels two rungs higher than their current status.
While competitors typically provide VIP+1 benefits, Bybit’s offer equates to VIP+2 privileges for eligible users. For example, users who are currently trading options with another exchange at $100M per month (equivalent to Pro1 level at Bybit) can access two levels higher on Bybit and switch to Pro3 instantly, vastly reducing their trading fees.
Bybit introduced the industry’s first USDC-settled options contracts for Bitcoin, Ether, and Solana last year. The European-style contracts can be used in tandem with perpetual and other derivatives under Bybit’s Unified Trading Account, which allows complex positions to be enacted with a single click.
“Newcomers to Bybit will soon discover how we are perpetually seeking innovative means to enhance their opportunities and augment their earnings,” said Ben Zhou, co-founder and CEO. “Bybit is committed to offering the most attractive incentives in the market, and this campaign exemplifies our dedication to the options trading community. We firmly believe that our platform provides the next-level reliability and opportunity professional traders are looking for. We look forward to welcoming new clients to our growing family.”
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Bybit is a cryptocurrency exchange established in 2018 that offers a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions, the Oracle Red Bull Racing team, esports teams NAVI, Astralis, Alliance, Made in Brazil (MIBR), and Oracle Red Bull Racing Esports, and association football (soccer) team Borussia Dortmund.
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