MOSCOW, RUSSIA – Media OutReach – 27 April 2022 –SIBUR, the largest petrochemicals company in Russia and one of the fastest growing in the global petrochemicals industry, has launched the Green Formula forestation initiative as part of its wide-reaching decarbonisation strategy.
SIBUR will plant this year more than one million trees in five regions of Russia where it operates, increasing this number to at least five million by 2025. The Company may also start issuing carbon credits at a carbon monitoring site in the Voronezh Region in central Russia.
The launch of the Green Formula comes as SIBUR pursues a business expansion in South-East Asia in support of the Company’s long-term development. SIBUR sees particular growth potential for South-East Asia as the region goes ahead with its green agenda as part of the world-wide initiative to reach carbon neutrality in future. This synergizes with SIBUR’s robust sustainability goals, including the Company’s push to increase production of environmentally friendly products and boost the share of renewable feedstock in output.
During the current year, SIBUR will partner with the forestry units of local schools in Russia to plant 500,000 seedlings in central Russia and the Far East. Another 500,000 seedlings will take root at the carbon monitoring site set up by SIBUR and the Voronezh Region’s government. The Green Formula site will occupy 155 hectares in 2022 and will be expanded to more than 2,600 hectares in the future. SIBUR is considering this site as the location for a pilot project on issuing carbon credits.
About SIBUR
SIBUR is Russia’s largest integrated petrochemical company and one of the fastest growing global petrochemical players, with approximately 50,000 employees. The Company’s unique vertically integrated business model enables it to deliver highly competitive products used in the consumer goods and automotive industries, as well as construction, energy, chemistry and other industries across 100 countries.
SIBUR helps to reduce CO2 emissions stemming from the burning of oil and gas extraction by-products by processing them into valuable petrochemical products.
With this partnership, Cloud Comrade’s customers will reap the benefits of New Relic’s unified data platform, including improved uptime, operational efficiency, and greater innovation and growth.
SINGAPORE – Media OutReach – 27 April 2022 – Cloud Comrade, a Singapore-based cloud computing consultancy and managed services provider (MSP), has partnered with New Relic to bring its cloud-based observability platform, New Relic, to customers across the Southeast Asian region.
With New Relic, customers will gain access to Full-Stack Observability through a unified data platform that covers every stage of the software lifecycle, eliminating tool sprawl and data silos. Engineers will be able to easily access all telemetry data – metrics, events, logs and traces – on the unified data layer, complete with powerful full stack analysis tools to help them move past the “what” to uncover the “why”. With New Relic, they will be able to improve planning cycle times, decrease change failure rates, accelerate release frequency, and reduce mean time to resolution.
The solution is delivered through a usage-based pricing model, enabling companies to maximize value from their data. Customers will get to enjoy cost and time savings, with the usage-based consumption pricing that’s intuitive, predictable, and delivers more value for the money over the old subscription-based pricing model.
Unleash the full power of cloud for Cloud Comrade customers
As an existing user of New Relic itself, Cloud Comrade is excited to partner with New Relic to bring the same exceptional experience to organizations across Southeast Asia.
As one of the leading born-in-the-cloud Managed Services Providers, Cloud Comrade has served more than 500 customers in the ASEAN region in the past eight years. It is the first Singapore-headquartered AWS Premier Consulting Partner, and also holds Google Premier Partnership and Microsoft Gold Cloud Platform partnership. Cloud Comrade’s customers range from small and medium enterprises to large multinationals that are in almost every industry. In recent years, it has rapidly expanded into financial services to serve FinTechs, insurance companies and banks.
Hence, when Cloud Comrade outgrew its previous cloud-monitoring solution, the company started looking for a new, modern offering that could support its multi-cloud customers with stringent security and compliance requirements. Over the course of six months, Cloud Comrade conducted a thorough evaluation of modern observability solutions from various vendors that could help it to rapidly scale well into the future, choosing to partner with New Relic.
The experience with the New Relic platform has been positive thus far, and New Relic has helped to reduce the complexity for Cloud Comrade’s managed services engineers, enabling the company to serve customers better and deliver value by reducing incident response time up to 20%. Besides being cost-effective, New Relic also provided Cloud Comrade with new service options that widened their managed services portfolio, such as Application Performance Monitoring (APM) and log management.
“Observability of cloud workloads is one of Cloud Comrade’s key service areas, and with that, New Relic sits at the center of our core business. We were extremely satisfied with New Relic, who acutely understood our needs, our growth stage, and treated us as a partner rather than a customer. Cloud Comrade believes that our customers will benefit immensely from New Relic’s industry-leading observability service, in particular, those in the finance sector that run compliance-heavy applications and face stringent regulations. Leveraging New Relic, we are now poised to offer a wider set of capabilities, reduce false positives more effectively, and make better recommendations for workload optimization for our customers.”, says Andy Waroma, Co-managing Director, Cloud Comrade.
Commenting on the partnership, Stewart Cochrane, Senior Director, Alliances & Channels APJ at New Relic, says, “2022 is the “year of the partner” at New Relic, and it is exciting to have Cloud Comrade join our Partner Program. As one of Southeast Asia’s leading born-in-the-cloud Managed Services Providers, they will provide our mutual customers with New Relic’s Observability Platform, combined with the expertise and specialized services of the Cloud Comrade organization.”
About Cloud Comrade
Cloud Comrade (https://cloudcomrade.com) is a Singapore-based cloud computing consultancy company with a regional footprint in Indonesia and Malaysia. The company offers a comprehensive range of services from strategy and design to deployment, migration, and management of customers’ IT infrastructure. Cloud Comrade partners with the best solution providers in the field of cloud computing and is a preferred Amazon Web Services (AWS) consulting partner in ASEAN, as well as a managed service provider for AWS, Google, and Alibaba Cloud. In January 2019, ST Telemedia (https://sttelemedia.com), an active strategic investor specializing in communications & media, data centers, and infrastructure technology businesses, acquired a majority stake in the company. For more information on Cloud Comrade, visit cloudcomrade.com
The competition awarded £16,000 to student entrepreneurs who are breaking boundaries
SYDNEY, AUSTRALIA – News Direct – 27 April 2022 – Following the launch of UNiDAYS‘ fourth annual ‘Student Women of the Year’ competition last month, UNiDAYS is pleased to announce this year’s winner. After reviewing from women studying at over 220 different universities across the globe, from Tasmania to Texas, the top prize has been granted to Yanti Peng, 21, an undergraduate at University of News South Wales and Creative Director and co-leader of ‘Uplift‘ – who is awarded a £10,000 grant to further her impact.
Yanti Peng
Leaning into the International Women’s Day theme of #BreaktheBias, Yanti impressed the judges with her Sydney-based, student-run social enterprise ‘Uplift’ – a multi week upskilling workshop for the disadvantaged. It provides young people experiencing or at risk of homelessness with the opportunity to learn and experiment with the creative arts including Adobe Photoshop, fabric sewing, t-shirt design and screen printing. Uplift has worked with youth organisations including ‘Project Youth’ and ‘Oasis’.
UNiDAYS shortlisted six stand-out entries from all the inspiring young leaders who entered. Award-winning environmental activist, CEO and author, Maya Penn, leading British vlogger, Georgia Rankin, and Mariel Richards, CEO at Gal-Dem then decided on the winners and runners-up.
Rankin states, ‘It has been a privilege working with UNiDAYS on their ‘Student Women of the Year’ campaign – celebrating inspiring female entrepreneurs. All of the finalists were incredible, and it was a very tough decision to choose a favourite from all the strong entries! A HUGE congratulations to Yanti. Keep inspiring and I’m so excited to see what the future holds for you!’.
As well as being crowned the Student Women of the Year winner, Yanti will also be a SWOTY ambassador for the next year, working with UNiDAYS to share her progress and inspire others.
The runners-up, who will be awarded £1,000 respectively, were:
● Wadi Ben-Hirki (25, UK) – founder of Wadi Ben-Hirki Foundation, which focuses on gender equality, quality education and peace building. Wahdi has a masters degree from The University of Sussex in International Education and Development.
● Gaia Cawley (21, UK) – Psychology and Criminology student at Nottingham Trent University. After being diagnosed with dyslexia, she wanted to change the narrative of this opportunity gap. She launched a self-help YouTube channel called ‘Gaia Rose’, building a community of young people and offering resources, making education accessible to all.
● Saskia Chelliah (21, UK) – alongside her degree at The Royal Veterinary College London, Saskia is the Vice President of ‘Animal Aspirations’ – a student-led organisation which aims to increase diversity within the veterinary world, encouraging young children from ethnically diverse backgrounds to consider working with animals.
● Emily Hale(24, UK) – Physio-Therapy student and founder of ‘Build and Breathe Scoliosis’. The company holds free resources for those with scoliosis, a sideways curvature of the spine – both educational, in conversation with surgeons, healthcare practitioners and mental health coaches, alongside practical advice including stretching and self-management.
● Meg Phillips(23, AUS) – Electronics Engineering student at UTAS, Australia. Whilst breaking gender stereotypes, her aim is to develop a roadkill mitigation device to alleviate roadkill in Tasmania, helping to decrease mortality of Australian species (many of which are endangered/threatened) and also reduce physical and psychological injury to drivers.
Pretty Munro, Global Marketing Director, UNiDAYS, says: “This year’s Student Women of the Year competition focused on entrepreneurship and aimed to empower those who have taken risks and made sacrifices to bring about change – overcoming stereotypes and breaking boundaries to create real value – not just economically, but societally, culturally and environmentally.
This generation of students is expected to be the most entrepreneurial ever with over 54% of Gen Z wanting to start their own business. Through our competition, we wanted to inspire the entrepreneurs of tomorrow, and help make their dreams a reality. Yanti, in particular, is a great example of a role model, paving the way for the next generation of young leaders.
To date, UNiDAYS has awarded £23,000 to women students to support their dreams and goals, however this year is our biggest prize fund yet. We can’t wait to see what Yanti does with it.”
Running from 2nd – 27th March 2022, the competition was open to all women students. Centred around the theme of #BreakBoundaries, the campaign focused on individuals who are breaking it down to build it better and succeeding, putting a spotlight on those doing so to inspire others to follow.
Each participant posted a short 60-second video, showcasing how they have been breaking boundaries, and outlining their plans for how they would spend the £10,000 grant to further their impact. Entrants were judged based on the content and creativity of the video, how well they explained how and what they are changing/contributing, how candidates will use the £10,000, and to what extent their project is breaking boundaries, and making the world a better place.
About UNiDAYS
UNiDAYS is the world’s leading Student Affinity Network, with a verified global audience of over 20 million student members across 115 countries.
UNiDAYS works with 800 of the world’s biggest brands globally, taking their products and services into the hearts and minds of tomorrow’s professionals, by inspiring Gen Z to discover and connect with the brands and services they need. Its global members have spent more than $5 billion through the UNiDAYS marketplace since 2018.
Through its identity technology, secure brand-safe environment and marketing solutions, UNiDAYS delivers reach and engagement for brand partners, maximising sales and building long-term affinity, at scale and speed across a full range of channels.
The company has over 200 staff, with headquarters in Nottingham, UK, and with offices in London, New York and Sydney.
Entry restrictions at home key to Laotian travel abroad.
While many countries in the region have eased entry restrictions, Lao people have not yet begun traveling outwardly in earnest due to restrictions when returning home.
Company’s complete property portfolio attains top tier Five-Star recognition
MACAU – Media OutReach – 26 April 2022 –Melco Resorts & Entertainment has once again been honored by 2022 Forbes Travel Guide (FTG) with a collective total of 97 Stars, including 17 Five-Star awards, maintaining its leading position among Macau & Asia’s integrated resort operators. The Company’s entire integrated resort portfolio, including City of Dreams, Studio City, Altira Macau and City of Dreams Manila have been honored with the top tier recognition. The esteemed achievement highlights Melco’s ceaseless devotion to exceptional hospitality across FTG’s three categories of Hotels, Restaurants and Spas.
Notably, Altira Macau celebrates its 13th successive year as FTG Five-Star award recipient across both Hotel and Spa categories.
Mr. Lawrence Ho, Chairman and Chief Executive Officer of Melco, said, “With Forbes Travel Guide being one of the world’s most admired and celebrated travel standards, we are honored to once again have our full integrated resort portfolio distinguished with the top Five Forbes-Star rating. The achievement testifies to Melco’s pledge to service quality and the Company’s contribution to pushing boundaries, especially during such a challenging time for the industry – continuing to provide memorable and world-class services for guests. We thank our team for their unwavering dedication – for their exceptional role in facilitating Melco’s sustained status as the leading integrated resort operator in Macau and Asia. We continue to provide a safe environment welcoming back visitors and locals to experience and enjoy Melco’s diversified, multi-faceted and exciting offerings.
“We look forward to the highly anticipated opening of Studio City Phase 2 and City of Dreams Mediterranean showcasing Melco’s extraordinary experiences to more guests from around the globe.”
Melco properties and facilities awarded 2022 Forbes Travel Guide Five-Star Ratings are as follows:
Hotels
Restaurants
Spas
Morpheus, City of Dreams Macau
Alain Ducasse at Morpheus, Morpheus, City of Dreams Macau
Morpheus Spa, City of Dreams Macau
Nüwa, City of Dreams Macau
Yí, Morpheus, City of Dreams Macau
Nüwa Spa, City of Dreams Macau
Star Tower, Studio City
Jade Dragon, Nüwa, City of Dreams Macau
Zensa Spa, Studio City
Altira Macau
Pearl Dragon, Studio City
Altira Spa, Altira Macau
Nüwa, City of Dreams Manila
Tenmasa, Altira Macau
Nüwa Spa, City of Dreams Manila
Ying, Altira Macau
Aurora, Altira Macau
About Melco Resorts & Entertainment Limited
The Company, with its American depositary shares listed on the NASDAQ Global Select Market (NASDAQ: MLCO), is a developer, owner and operator of integrated resort facilities in Asia and Europe. The Company currently operates Altira Macau (www.altiramacau.com), an integrated resort located at Taipa, Macau and City of Dreams (www.cityofdreamsmacau.com), an integrated resort located in Cotai, Macau. Its business also includes the Mocha Clubs (www.mochaclubs.com), which comprise the largest non-casino based operations of electronic gaming machines in Macau. The Company also majority owns and operates Studio City (www.studiocity-macau.com), a cinematically-themed integrated resort in Cotai, Macau. In the Philippines, a Philippine subsidiary of the Company currently operates and manages City of Dreams Manila (www.cityofdreamsmanila.com), an integrated resort in the Entertainment City complex in Manila. In Europe, the Company is currently developing City of Dreams Mediterranean (www.cityofdreamsmed.com.cy) in the Republic of Cyprus, which is expected to be the largest and premier integrated destination resort in Europe. The Company is currently operating a temporary casino, the first authorized casino in the Republic of Cyprus, and is licensed to operate four satellite casinos (“Cyprus Casinos”). Upon the opening of City of Dreams Mediterranean, the Company will continue to operate the satellite casinos while operation of the temporary casino will cease. For more information about the Company, please visit www.melco-resorts.com.
The Company is strongly supported by its single largest shareholder, Melco International Development Limited, a company listed on the Main Board of The Stock Exchange of Hong Kong Limited and is substantially owned and led by Mr. Lawrence Ho, who is the Chairman, Executive Director and Chief Executive Officer of the Company.
MOUNTAIN VIEW, CALIFORNIA & MUMBAI INDIA – News Direct – 26 April 2022 – CleverTap, the world’s leading retention cloud today announced it has been awarded the “Breakout SaaS Startup of the Year” at the SaaSBOOMi Awards 2021. The awards, presented by SaaSBOOMi, an informal group of SaaS founders looking to network and learn from each other, recognizes excellence in Indian SaaS companies, their founders, and their many achievements and successes.
India’s SaaS industry now boasts over $1.5 billion in annual revenues, with around 1,500+ SaaS companies as an active part of the SaaS community. Acknowledging the importance of this industry, the SaaSBOOMi Awards were launched in 2020 with a mission to celebrate the extraordinary aspirations and efforts of Indian SaaS founders.
“The SaaSBOOMi Awards were introduced to recognise exemplary SaaS startups in the country that have set global standards in deep tech and cutting-edge innovation,” said Vinod Muthukrishnan, Member, SaaSBOOMi Awards team. “For the recently concluded 2021 edition, we are very happy to recognise CleverTap as the ‘Breakout SaaS Startup of the Year.’ This accolade truly reflects the brand’s phenomenal work over the last year and its commitment to building exceptional user experiences for its customers.”
“This is our first award from SaaSBOOMi and will be our most precious. Our customers make us successful and this award, which is shaped and judged by the community, underlines the importance of that bond and trust for us as a company and the partners who support us,” said Anand Jain, Co-founder and Chief Product Officer, CleverTap. “We will continue to focus on solving the problem of user retention for consumer apps of all sizes. Our goal is to be the retention category market leader, not just in India and Southeast Asia but also North America and Europe and amplify the Indian SaaS success story to a growing and global audience.”
The award is just one in a string of recent accolades recognising CleverTap’s technology prowess and capabilities. More than 10,000 apps across industries and geographies use CleverTap for customer engagement and retention over 3 billion devices. Built for speed, security, and scale, CleverTap has helped customers send over one trillion messages and create about 9 million campaigns in 2021.
About CleverTap
CleverTap is the modern, integrated retention cloud that empowers digital consumer brands to increase customer retention and lifetime value. For brands that understand and value user retention, CleverTap drives context and individualization with the help of a unified and deep data layer, AI/ML powered insights and automation. Customers around the world representing over 10,000 apps, including Vodafone Idea, SonyLIV, Daimler, Gojek, Carousell, and Premier League, trust CleverTap to achieve their retention and engagement goals, growing their long term revenue. Backed by leading venture capital firms including Sequoia India, Tiger Global Management, and Accel, the company is headquartered in Mountain View, California, with offices in Mumbai, Singapore, and Dubai. For more information, visitclevertap.com or follow onLinkedIn,Twitter, Facebookand YouTube.
HONG KONG SAR – Media OutReach – 26 April 2022 – Life is like a cup of coffee: a combination of bitter and sweet. For many of us, cups of coffee are the source of sustenance that keeps us going through the days – so best make that coffee as high quality as possible.
Finally the sweet days are returning – it’s time to take a coffee break. Whether you’re looking for a place to recharge and refuel or a long-missed intimate catch-up with friends, Starstreet Precinct is the neighbourhood to visit, with a range of artisanal coffee specialists and independent eateries to get your caffeine fix while staying away from the crowd. For those who are working from home, it’s also the place to pick up all the tools and supplies you need to build your own coffeeholic workstation.
Don’t forget to use your electronic consumption vouchers to take advantage of some extra-special offers.
The Place to Brew · Chill · Grab a Bite Enjoy Extra-special Offers for Dine-in and Consumption Vouchers
Over the years, the area around Star Street has become a popular spot among those in the know, offering a chill vibe in the heart of the city, as well as a unique line-up of popular independent restaurants, cafés, bars, boutiques and galleries. That makes it the perfect place to visit when you really need to get away from home and head out to have some comfort food. Following the opening of Blue Bottle Coffee‘s largest café in town, the sought-after matcha café Matchali will be unveiling its first-ever flagship store this June on Moon Street, with an exclusive menu of newly introduced coffee, all-day meals and vegan matcha soft serve. Get their 10% off opening offer by simply leaving your email on their website. Several cafés and restaurants in the area even offer discounts on orders and for using consumption vouchers, including APT. Coffee and R&R Bagels.
Matchali 5 Moon Street
First Flagship Café with Newly Launched Coffee and All-day Food Menu, Vegan Soft Serve and Exclusive Opening Discount
Homegrown matcha Café Matchali has built up quite a following for its wholesome and health-boosting matcha drinks, hand-whisked using ceremonial grade matcha powder sourced directly from a farm in Uji, Kyoto. This June, it will be unveiling a hotly anticipated flagship café on Moon Street. Bringing its laid-back buzz into an airy space that flows into a charming outdoor area, with a Matcha Bar as its centrepiece, where customers can watch their drinks being hand-whisked.
A new addition to the flagship is the newly launched coffee menu. Using a blend of coffee beans from Colombia, Costa Rica, Nicaragua and Honduras, the coffee is nutty in texture, with hints of orange peel and a black tea finish. Don’t forget to try their all-day food menu and vegan matcha soft serve. Scan the QR code now and leave your email address to receive a 10% opening discount.
Blue Bottle Coffee 15 St. Francis Street
Hand-drip Coffee Paired up with Exclusive Sandwich and Waffle Menu
Offering hand-drip coffee and espresso drinks in a relaxing, triple-decker space, Blue Bottle Coffee also provides exclusive light sandwich and waffle choices to accompany them, as well as selling home-roasted beans for home brewers. For breakfast, try the spinach frittata or ham and cheese frittata sandwiches, both served on croissants from the renowned Miam Bakery, and perfect for pairing with coffee. For something a bit more substantial, the Brunch Plate is the perfect choice, featuring waffles with boiled eggs and salad made with vegetables from a local farm, dressed with the Café’s innovative soy- and chilli-spiked salad sauce.
R&R Bagels 1/F, 28 Hennessy Road
Extra Consumption Voucher Discounts
Driven by a quest for the perfect bagel, the bagel fans who run R&R Bagels take the tasty ring-shaped sandwiches seriously, with a special recipe that recreates New York’s finest bagels. The result is Hong Kong’s go-to spot for a bite, with a 10% discount on all standard menu items when taken away. Grab yourself a further bargain when you pay with your consumption vouchers, and get another 10% off.
Blend & Grind 1 Sun Street
Evening Happy Hour is Returning
Taking its inspiration from Australian brunch culture, Blend & Grind provides exactly the sort of chill vibe you’d expect. The emphasis among its takeaway and dine-in options is on fresh produce and nourishing dishes, including the much-loved Triple Bao, which pairs bao bun sandwiches with a trio of different fillings. Blend & Grind also provides a range of speciality coffee beans to suit every preference through a partnership with renowned roaster Rubix – and offers a 10% discount on all standard menu items to go. Also, get set for the imminent return of evening happy hour from 5pm to 7pm. Cheers!
APT. Coffee Shop A – C, 12 Moon Street
Spend your Electronic Consumption Vouchers Get 20% off on Self Pick-up Takeaway
With a name that means “A Personal Tailor”, this is the place to go for a cup of coffee with a bespoke touch. Everything from blend to intensity to milk foam level is up to you. APT’s sandwiches feature a wide array of options, from breads to fillings to sauces. Among the delectable dine-in choices, check out the toast tailored with any four toppings of your choice, including a side salad, for just $68 up. You can spend your consumption vouchers through the four electronic wallet. Get discounts of up to 20% when you collect the takeaway yourself.
Oolaa Petite Shop 2, 9 Star Street
All-day Dining Venue with Freshly Brewed Coffee
An easy-going atmosphere with trademark friendly and attentive service are on offer at this favourite all-day dining venue. Freshly brewed Illy coffee is always available, along with tempting food options from a comprehensive all-day menu.
Home Brewing Heaven
Working from home but still want your caffeine fix? No problem: shops around Starstreet Precinct have everything you need, from coffee brewing kit to beans, to make perfect coffee chez vous.
Blue Bottle Coffee 15 St. Francis Street
Experience a new way to make your coffee with the Blue Bottle Pour Over Kit. Dispensing with complicated machinery in favour of a few simple tools, it offers a perfect cup with notably delicate, complex flavours.
Blend & Grind 1 Sun Street
Blend & Grind, in partnership with specialist roasters Rubix, offers a range of beans aimed at every type of home coffee enthusiast, including one specifically create to make a superior latte.
APT. Coffee Shop A – C, 12 Moon Street
APT. Coffee’s drip bag series allows everyone to become their own barista, making gourmet coffee at home without the need for complicated tools. A range of beans is available, including a house blend rich with toffee, nut and red cherry flavours.
Starstreet Precinct is a vibrant destination in Wan Chai, comprised mainly of Wing Fung Street, Star Street, Moon Street, Sun Street, and St. Francis Yard. Over the years, the neighbourhood has evolved from a quaint, historic landmark, into an eclectic hangout hotspot for those with a unique sense of style and character. Filled with cosy cafés, restaurants, bars, boutique shops with the most coveted fashion selections, galleries and interior design stores, the precinct offers an array of day-to-night experiences. With a focus on community and a passion to foster a sustainable lifestyle for all, Starstreet Precinct and its tenants are collectively working to build a better future together. Connected to Pacific Place and Admiralty station through the Three Pacific Place underground link, the neighbourhood is a hidden gem in the heart of Hong Kong.
DUBAI, UNITED ARAB EMIRATES – Media OutReach – 26 April 2022 – Bybit, one of the world’s fastest growing cryptocurrency exchanges, has announced its expansion into crypto options trading, adding to its existing product line of perpetual futures contracts and expiration futures contracts.
Bybit’s new options trading offering is based on user feedback, representing an important step in developing another powerful tool for Bybit users. Upon launch, Bybit users will be able to trade USDC options and perpetuals through portfolio margin, which adopts a risk based model for experienced traders, including market makers and institutional clients, to increase fund utilization based on the underlying price and volatility.
This function will support the platform in becoming a fully integrated trading powerhouse with a user-friendly interface that provides open API support, to facilitate flexibility in trading European-style, linear options.
Options Trading in Crypto
With options contracts, Bybit users are able to speculate on the future price in USD of an underlying asset and settle their trades in USDC. Unlike a futures contract where the transaction is mandatory and has to be completed at the settlement date, options contracts are optional and will expire without a transaction if the option is not exercised. The risk of options trading is therefore relatively low for traders because the maximum risk is determined by the premium paid while there is no such limit for futures contracts. For sellers, the risk is limitless.
Bringing World Class Liquidity and Reliability to Options Trading
Bybit has proven itself to be the most reliable, stable and usable cryptocurrency exchange of the bull run, offering the best liquidity. Unique among major exchanges, Bybit experienced a 99.99% up rate throughout the year, with 100k/s trading engine throughput and the track record to process 30,000 transactions at its peak.
Liquidity is arguably the be-all and end-all attribute for asset exchanges. Bybit’s derivatives trading platform has the world’s tightest spread and one of the best liquidity. Traders are ensured the best quote and best execution in the market even during extreme volatility.
Bybit’s retail focused products and customer support focused services will help lower the entry threshold to crypto trading to host new users around the world, allowing them to seamlessly enjoy the immediate execution of crypto trades.
“Options is something that our existing clients have long been asking for since there has been no other revolutionary product offered in the market at the moment,” said Ben Zhou, co-founder and CEO of Bybit. “We are confident that our state-of-the-art offering will set the bar for the sector and normalize crypto options trading, just like what Robinhood did for stock options. We are also excited to bring with us to options trading the world class liquidity and reliability our clients have come to associate with Bybit.”
About Bybit
Bybit is a cryptocurrency exchange established in March 2018 that offers a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service and multilingual community support. The company provides innovative online spot and derivatives trading services, mining and staking products, an NFT marketplace as well as API support, to retail and institutional clients around the world, and strives to be the most reliable exchange for the emerging digital asset class. Bybit is a proud partner of Formula One racing team, Oracle Red Bull Racing, esports teams NAVI, Astralis, Alliance, Virtus.pro and Oracle Red Bull Racing Esports, and association football (soccer) teams Borussia Dortmund and Avispa Fukuoka.
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