The cryptocurrency platform which relocated from Singapore to Dubai earlier this year has launched its first structured products with an exotic payoff.
Bybit has shortened the duration of two maiden shark fin products in USD Coin (USDC) to three days following a postponed launch. Linked to BTC/USD, the principal-protected offerings are the first structured investment product embedded with exotic options available at Bybit, which was founded in 2018. The bullish and bearish strategy generated 122,090 USDC and 173,382 USDC from retail investors during the one-day subscription period with a minimum ticket of 100 USDC, respectively. [It's]
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