- Bybit launched USDT-margined futures and options for XRP, Mantle, and Dogecoin.
- All new contracts use Bybit’s unified USDT settlement model—European-style, cash-settled, and offered with multiple expirations.
- The rollout strengthens Bybit’s position as a leading global derivatives hub, enhancing access, liquidity, and trading efficiency.
Cryptocurrency exchange Bybit, the world’s second-largest platform by trading volume, has announced a major expansion of its derivatives portfolio with the launch of USDT-margined futures and options contracts for XRP, Mantle (MNT), and Dogecoin (DOGE).
The new listings significantly broaden Bybit’s suite of advanced trading instruments, offering greater flexibility for both retail and institutional participants.
Phased Rollout Through Late October
The phased rollout began on October 20, 2025, with the introduction of XRP futures, followed by XRP options on October 21. Derivatives for Mantle (MNT) and Dogecoin (DOGE) will go live on October 27, with options contracts for those assets becoming available on October 28.
After the initial launch, Bybit will generate contracts regularly to ensure consistent market access and deep liquidity across all newly listed products.
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Bybit’s new options contracts are designed as European-style, cash-settled instruments, meaning they can only be exercised at expiration and are settled entirely in USDT. This eliminates the need for traders to hold the underlying tokens, making them more efficient for both hedging and speculative strategies.
The platform will also offer multiple expiration cycles, including daily, weekly, and monthly contracts, enabling traders to manage short-term positions or longer-term exposures according to their risk preferences.
Unified USDT Settlement Framework
As part of its broader effort to simplify trading and boost liquidity, Bybit confirmed that these new derivatives are aligned with its unified USDT settlement model.
Earlier this year, the exchange phased out USDC-settled options and linear-expiry futures to consolidate all derivative contracts under USDT, streamlining settlement procedures and providing a consistent trading environment.
This move is intended to enhance liquidity depth and pricing efficiency across Bybit’s growing lineup of digital asset derivatives.
Expanding Access to High-Demand Tokens
The inclusion of XRP, MNT, and DOGE underscores Bybit’s commitment to catering to diverse market interests.
- XRP is recognized as one of the most established digital assets, widely adopted for cross-border payments and institutional use cases.
- Mantle (MNT) is emerging as a key player in the DeFi ecosystem, offering scalable Layer-2 solutions.
- Dogecoin (DOGE) remains one of the most traded and culturally recognized meme coins globally.
Bybit said these listings allow traders to diversify portfolios, hedge market risks, and capitalize on volatility in some of the most actively traded cryptocurrencies.
Strengthening Bybit’s Global Derivatives Hub
With these additions, Bybit continues to position itself as a global leader in crypto derivatives, leveraging institutional-grade infrastructure, advanced risk controls, and 24/7 customer support.
“The expansion of our derivatives portfolio reinforces Bybit’s mission to simplify trading and deliver consistent liquidity across the most popular assets,” the company stated. Bybit’s latest move aligns with its long-term strategy of enhancing trading sophistication while maintaining a trusted and transparent marketplace for users worldwide.
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