Bybit, the second-largest cryptocurrency exchange globally by trading volume, is set to enhance its derivatives offerings significantly. The platform has announced the launch of USDT-margined futures and options contracts for popular cryptocurrencies including XRP, Mantle (MNT), and Dogecoin (DOGE). The source reports that this move aims to attract more traders looking for diverse investment opportunities.
Phased Rollout of XRP Futures and Options
The phased rollout commenced on October 20, 2025, starting with the introduction of XRP futures, followed by XRP options on October 21. The derivatives for Mantle (MNT) and Dogecoin (DOGE) are scheduled to go live on October 27, with options contracts for these assets available from October 28.
Bybit's New Options Contracts
Bybit's new options contracts are structured as European-style, cash-settled instruments. This design allows traders to avoid holding the underlying tokens, thereby enhancing efficiency for both hedging and speculative trading strategies. This strategic expansion aligns with Bybit's commitment to simplify trading processes and ensure consistent liquidity across the most sought-after assets.
In a recent development, Binance announced the removal of four spot trading pairs as part of its market evaluation, which will take effect on October 24, 2025. This decision contrasts with Bybit's expansion of derivatives offerings, highlighting the dynamic nature of the cryptocurrency market. For more details, see Binance's announcement.
