KEY TAKEAWAYS
- Bybit expands its derivatives portfolio with USDT-margined futures and options for XRP, Mantle (MNT), and Dogecoin (DOGE).
- The new options are European-style and cash-settled, enhancing risk management and speculative strategies.
- Bybit’s strategy aligns with unified settlement conventions, consolidating under USDT for a standardized experience.
- This expansion reflects Bybit’s commitment to offering access to high-demand assets and strengthening its global derivatives hub position.
Bybit, recognized as the world’s second-largest cryptocurrency exchange by trading volume, has announced the expansion of its derivatives portfolio. The exchange has introduced USDT-margined futures and options contracts for XRP, Mantle (MNT), and Dogecoin (DOGE). This development aims to enhance Bybit’s lineup of advanced trading products, offering users increased flexibility in executing sophisticated strategies across some of the most widely traded digital assets. The announcement was made here.
The rollout began on October 20, 2025, with the listing of XRP futures, followed by XRP options on October 21. The phased launch will continue with Mantle (MNT) and Dogecoin (DOGE) derivatives on October 27, with options contracts for these assets becoming available starting October 28. Following the initial rollout, contracts will be generated on a regular recurring basis, ensuring consistent market access and liquidity.
European-Style Options and Unified Settlement
Bybit’s new options are designed as European-style and cash-settled instruments, meaning they can only be exercised at expiration and are settled in USDT. This structure eliminates the need for traders to hold the underlying token, making the products more efficient for risk management and speculative strategies. The platform supports multiple expiration cycles, including daily, weekly, and monthly contracts, providing market participants with the flexibility to manage short-term positions or longer-term exposures depending on their trading objectives.
As part of its long-term strategy to simplify trading and strengthen liquidity, Bybit has aligned these new products with its unified settlement conventions. In February 2025, the exchange discontinued the issuance of USDC-settled options and linear-expiry futures, consolidating settlement under USDT to deliver a smoother and more standardized derivatives experience. This approach ensures traders benefit from a consistent framework across all contract types while accessing deeper markets for popular assets such as XRP, MNT, and DOGE.
Expanding Access to High-Demand Assets
The inclusion of these tokens reflects Bybit’s commitment to expanding access to high-demand assets. XRP remains one of the most established cryptocurrencies with significant institutional and retail adoption. MNT is a rising ecosystem token gaining momentum in decentralized finance (DeFi), and DOGE continues to capture mass-market attention as one of the most traded meme-coins. By bringing these assets into its derivatives suite, Bybit enables traders to diversify portfolios, hedge exposures, and take advantage of emerging opportunities in dynamic market conditions.
Bybit continues to enhance its platform with advanced risk controls, institutional-grade infrastructure, and 24/7 customer support. With these new listings, Bybit strengthens its position as a trusted global derivatives hub for traders at every level.
Why This Matters: Impact, Industry Trends & Expert Insights
Bybit has expanded its derivatives suite by introducing USDT-margined futures and options contracts for XRP, Mantle (MNT), and Dogecoin (DOGE), aiming to provide traders with more flexibility and sophisticated trading strategies.
Recent industry reports indicate that cryptocurrency derivatives trading has seen record-breaking volumes and increased institutional participation, supported by clearer regulations and enhanced infrastructure. This aligns with Bybit’s introduction of new derivatives products, which cater to the growing demand for advanced trading instruments amidst heightened market volatility.
As per insights from Business Insider, Bybit’s strategic expansion efforts, including integrating traditional finance with crypto platforms, are seen as a significant step towards bridging conventional financial markets with digital assets. This supports Bybit’s initiative to enhance its derivatives offerings and strengthen its position as a global derivatives hub.
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