Bybit Bolsters Institutional Trading Capabilities with Orbit Markets Partnership

Bybit, a leading cryptocurrency derivatives exchange, has taken a significant step towards enhancing its institutional trading capabilities by integrating Orbit Markets' liquidity into its Request-For-Quote (RFQ) platform.

The integration allows Bybit users to tap into Orbit Markets' extensive liquidity pool directly within the RFQ workflow, providing access to tighter bid-ask spreads and more competitive pricing for large trades and complex options structures.

Orbit Markets is a well-established institutional liquidity provider in the crypto options space, with over $50 billion in notional volume year-to-date and leading market share rankings on various global exchanges. The firm's addition to Bybit's RFQ platform is expected to boost execution quality and reduce trading friction for professional traders.

Bybit's Head of Institutional and Enterprise Business, Yoyee Wang, stated that the integration will bring additional liquidity, competition, and execution quality to institutional and professional traders on the platform. The move is part of Bybit's ongoing effort to build trust with institutional traders and establish itself as a key player in the crypto exchange market.