Bybit Teams Up With Laevitas to Assists in Data Analytics

Crypto Exchange Bybit Provides Merkle Tree-based Proof of Reserves
  • Bybit will contribute data to the Laevitas platform.
  • Bybit released its new options trading web-based guide.

One of the world’s prominent cryptocurrency exchange Bybit has teamed up with Laevitas, a data analytics platform that offers quantitative finance models for the cryptocurrency space. The collaboration intends to improve both top platforms’ market positions.

Benefits From the Collaboration 

As a result of this new partnership, Bybit will contribute data to the Laevitas platform and enable traders to access insightful data analytics to aid in smarter trading decisions. Also, users of Bybit’s options contracts can settle and trade with USDC without owning the underlying crypto asset, which is significantly less volatile.

CEO and co-founder of Laevitas Hassen Naas said that;

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.

Furthermore, Laevitas already has data from Bybit’s extensive volume Futures, Perpetual, as well as its new USDC Options Contracts, which include BTC, ETH, and SOL. Bybit’s concentration on high-precision trading through real-time market data delivered every 20 milliseconds and Laevitas’ emphasis on intelligent market analytics.

CEO and co-founder of Bybit, Ben Zhou, stated that;

We are happy to provide data from our ultra-fast 100K TPS matching engine to a top-tier analytics platform like Laevitas.

Bybit recently added spot pairings, NFTs, and passive income products to its portfolio. As well as throughout this partnership Bybit released its new options trading web-based guide, How to Hedge using Crypto Options to Maximize Gains During BTC Uncertainty. 

A journalism graduate who is passionate about writing loves to dance and travel currently starts exploring blockchain technology.