As revealed recently, the derivatives exchange platform Bybit is going to <a href="https://www.bybit.com/trade/spot/BTC/USDT" target="_blank" rel="nofollow noopener">release</a> a new platform for spot trading on July 15. After three years of its launch, the popular derivatives exchange has taken a decision to make an entry into the cryptocurrency spot market and to provide its services with zero maker fees. 
<h2>Derivatives Exchange Bybit to Include Spot Trading Option for Major Cryptocurrencies </h2>
Bybit <a href="https://www.cryptoknowmics.com/news/derivatives-and-synthetic-assets-in-defi/">Derivatives </a>Exchange was established back in the year 2018, and it offers the traders an ultra-fast matching engine and a customer service that excels in its field. 

In accordance with the press release shared by a leading market data aggregator, the company is all set to release a new platform after providing three years of only derivatives service.

Going live on July 15, the company promised that it is going to arrive with zero maker fees and after going live, it is going to have four crypto trading pairs BTC/USDT, XRP/USDT, ETH/USDT, and EOS/USDT.

In addition to this, it should be noted that more of the features will be arriving shortly.

When asked about the reason behind the firm choosing to go with USDT-denominated trading pairs only, Igneus Terrenus, the Head of Communications at Bybit, revealed that there are chances that the firm may explore <a href="https://www.cryptoknowmics.com/news/ethbtc-pairs-appear-to-be-heading-into-a-bull-trap-analysis/">BTC trading pairs</a> in near future.
<h2>What Drove the Firm to Spot Trading Now</h2>
Explaining further why the company has taken a decision to make an entry in the spot market now, Terrenus said:

“It’s a part of our upgraded strategy to serve all crypto lovers and users. Compared to derivatives, spot trading is more friendly to new users and less experienced traders. We have always prioritized the quality of our products and capability of our system, even if that meant a narrower suite of product offerings.”

Moreover, the spokesperson for Bybit said that the experience of the firm and its success in the derivatives market will be assisting the exchange in providing more secure spot market products, and adding to his statement, Terrenus said:

“Now that we are comfortably at the top of the derivatives-only lane and managed to stay operational throughout the bull run as virtually all our peers experienced overload and downtime, we feel it is time that we brought the same level of reliability Bybit has embodied in derivatives to spot.”

Bybit Derivatives Exchange to Launch Spot Trading for Major Cryptocurrencies on July 15

As revealed recently, the derivatives exchange platform Bybit is going to release a new platform for spot trading on July 15.

Sahaj is an aspiring journalist with a keen interest in cryptocurrency and the whole concept of Blockchain technology. He is positive about the future potential of Cryptocurrency and Blockchain in shaping the world of finance for good. At present, he is covering the latest developments in the field of the cryptosphere.

Bybit Derivatives Exchange to Launch Spot Trading for Major Cryptocurrencies on July 15

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