Bybit Enhances Derivatives Offering with XRP, MNT, and DOGE Options Launch

Bybit Expands Its Derivatives Product Lineup

Bybit, recognized as the second-largest cryptocurrency exchange worldwide by trading volume, has made a significant move to enhance its derivatives offerings by introducing options and futures contracts for three major digital assets: XRP, Mantle (MNT), and Dogecoin (DOGE). The launch of these new products is expected to provide traders with enhanced flexibility and innovative trading strategies to navigate the dynamic crypto market.

The launch commenced on October 20, 2025, with XRP futures being the first to hit the platform. This was followed by the introduction of XRP options the very next day. The phased rollout will see MNT and DOGE derivatives being made available on October 27, with their respective options becoming accessible starting October 28. Bybit has committed to regularly generating these contracts, ensuring that market access and liquidity remain robust for these high-demand assets.

One of the key features of Bybit’s options is their European-style structure, meaning traders can only exercise these options at expiration, with settlements conducted in USDT. This design provides significant efficiencies for risk management and speculative trading, as traders do not need to hold the underlying tokens. Bybit supports multiple expiration cycles, including daily, weekly, and monthly contracts, catering to various trading strategies and objectives.

In February 2025, Bybit undertook a strategic move to consolidate its offerings by discontinuing USDC-settled options and linear-expiry futures, opting instead for a unified settlement method using USDT. This decision was made to provide users with a more streamlined derivatives trading experience across the board, ensuring they can more effectively manage their portfolios and trading strategies across popular digital assets like XRP, MNT, and DOGE.

The inclusion of XRP, known for its strong institutional and retail backing, MNT, an emerging DeFi ecosystem token, and DOGE, which has gained fame as a widely traded meme coin, showcases Bybit’s commitment to expanding access to high-demand assets. By offering derivatives on these cryptocurrencies, Bybit enables traders to diversify their investment portfolios, hedge against market volatility, and capitalize on new opportunities as they arise.

In addition to these product launches, Bybit is dedicated to enhancing its trading platform with advanced risk controls, institutional-grade infrastructure, and exceptional customer support available round-the-clock. These enhancements fortify Bybit’s status as a reliable global hub for derivatives trading, catering to a wide range of traders from beginners to seasoned professionals.

Bybit, which has been operational since 2018, aims to redefine accessibility within the decentralized finance ecosystem. It prioritizes partnerships with leading blockchain protocols to strengthen its infrastructure and foster innovation within the Web3 space. With a focus on providing secure custody and diverse trading options, Bybit effectively connects traditional finance (TradFi) with decentralized finance (DeFi), supporting builders and creators in maximizing the potential of Web3.

As Bybit continues to innovate and expand its trading capabilities, traders are encouraged to stay informed about the various options and strategies available on the platform. Bybit remains committed to being at the forefront of the cryptocurrency industry, continuously upgrading its services to meet the ever-evolving needs of its global community of over 70 million users.

For more information on Bybit and its offerings, visit Bybit Press or follow their social media channels for the latest updates.