Bybit Exchange Joins Circle as a Partner to Promote USDC

Crypto derivatives exchange Bybit has announced a partnership with Circle. According to the parties, spot USDC pairs will be deployed on Bybit, as well as additional integrations for customers will be offered.

Under the agreement, Bybit will expand the list of spot pairs to include USDC. The exchange is committed to maintaining customer awareness of USDC and related products, as well as providing conversion operations between US dollars and USDC.

Circle, for its part, is committed to making every effort to help accelerate Bybit's growth as a gateway for US dollar-based retail and institutional products. 

According to the parties, exploration of opportunities for enhanced cooperation between Bybit and Circle began immediately after Bybit introduced USDC Options, the first stablecoin margin option contract on the market.

“Following the success of our early experiences with USDC, it made sense to continue our working relationship with Circle, which has a reputation for openness and honesty in its services and the development of cutting-edge financial technologies,” explained Bybit co-founder and CEO Ben Zhou.

Earlier, the cryptocurrency exchange Bybit announced
readiness to list the fan tokens of the leading European football clubs Paris Saint-Germain, Barcelona, Juventus, Milan, Inter, Arsenal and Manchester City.