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Bybit, the world's second-largest cryptocurrency exchange by trading volume, has announced an integration with Orbit Markets, a leading institutional liquidity provider specialising in digital asset options. This integration is facilitated via Bybit's request-for-quote (RFQ) system. The partnership aims to strengthen Bybit's institutional-grade infrastructure and enhance liquidity and execution for sophisticated traders.
The integration allows Bybit users to access Orbit Markets' deep institutional liquidity directly within Bybit's RFQ workflows. Traders can now seamlessly request and receive competitive, executable quotes for large trades and customised options structures without leaving the Bybit platform.
This streamlined process is designed to eliminate friction at the infrastructure layer and accelerate trade execution for those seeking institutional-grade pricing and scalability. Through the integration, traders gain access to tighter bid-ask spreads, faster execution on large notional trades, and customised structures tailored for complex hedging and trading strategies.
Yoyee Wang, Head of Institutional and Enterprise Business of Bybit commented:
We are pleased to welcome Orbit to Bybit's RFQ platform, bringing additional liquidity, competition, and execution quality to institutional and professional traders.
Tianjiao Sun, CTO of Orbit Markets
Tianjiao Sun, CTO of Orbit Markets commented:
We have been one of the most active liquidity providers on Bybit for years. We're excited to bring a new level of liquidity depth and execution quality to Bybit via RFQ.
Beyond the RFQ system, Orbit Markets maintains an active presence in central limit order books, providing continuous two-way liquidity across thousands of options contracts. Orbit Markets has facilitated more than $50 billion in notional volume year to date and holds a top market share ranking on numerous global exchanges.
This partnership highlights the shared commitment between a major crypto options trading marketplace and an industry-leading institutional digital asset prime brokerage for crypto options, focused on building best-in-class infrastructure for institutional participants.
Bybit continues to strengthen its institutional capabilities, offering advanced trading tools, robust security architecture, and transparent reserve practices. With over 80 million users globally and a reputation for secure custody and innovative marketplace solutions, Bybit bridges the gap between traditional finance and digital asset markets, empowering institutional and retail traders alike to navigate crypto markets with confidence.
The increasing institutionalisation of the digital asset space, as exemplified by this Bybit and Orbit Markets collaboration, mirrors trends seen in traditional institutional FX. As market participants seek greater efficiency and deeper liquidity in both established and emerging asset classes, the demand for robust platforms and sophisticated liquidity solutions continues to grow, impacting the broader financial ecosystem.
As the digital asset landscape evolves, explore LiquidityFinder Insight for the latest analysis and industry developments.
