Bybit said on Thursday it will offer Circle’s services to its users by expanding its USDC spot pair listings to accelerate Bybit’s growth “as a gateway for retail and institutional USDC-settled products.”
📣 We are proud to announce that we have partnered with @circlepay!
— Bybit (@Bybit_Official) August 31, 2022
🔥 This allows #Bybit traders to leverage on the strength and stability of $USDC.
👉🏻 Read more here: https://t.co/0w9t451sa3 pic.twitter.com/FCZs5kq0rY
The exchange introduced USDC options earlier this year to add further diversification to its users’ trading arsenal.
As part of the partnership, Bybit will develop and promote products that support the growth of USDC, such as spot trading, perpetual contracts and options.
In June, Bybit was reportedly seeking to cut up to 30% of its staff to reduce costs, and its spokesperson told Forkast at the time that it was “exploring a way to remove overlapping functions and build smaller but more agile teams to improve our efficiency.”
