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Bybit, the world's second-largest cryptocurrency exchange by trading volume, has launched USDT-margined futures and options contracts for XRP, Mantle (MNT), and Dogecoin (DOGE), expanding its derivatives portfolio to offer traders more flexibility across widely traded digital assets.
The rollout began on 20 October 2025, with the listing of XRP futures, followed by XRP options on 21 October. The phased launch continues with Mantle (MNT) and Dogecoin (DOGE) derivatives on 27 October, with options contracts for these assets becoming available from 28 October. Following the initial rollout, contracts will be generated on a regular recurring basis to ensure consistent market access and liquidity.
Bybit's options are designed as European-style and cash-settled instruments, which means they can only be exercised at expiration and settled in USDT. This structure eliminates the need for traders to hold the underlying token. The platform supports multiple expiration cycles, including daily, weekly, and monthly contracts, providing market participants with the flexibility to manage short-term positions or longer-term exposures depending on their trading objectives.
The exchange has aligned these new products with its unified settlement conventions as part of its long-term strategy to simplify trading and strengthen liquidity. In February 2025, Bybit discontinued the issuance of USDC-settled options and linear-expiry futures, consolidating settlement under USDT to deliver a more standardised derivatives experience. This approach ensures traders benefit from a consistent framework across all contract types whilst accessing deeper markets for popular assets such as XRP, MNT, and DOGE.
The inclusion of these tokens reflects Bybit's commitment to expanding access to high-demand assets. XRP remains one of the most established cryptocurrencies with significant institutional and retail adoption, MNT is a rising ecosystem token gaining momentum in DeFi, and DOGE continues to capture mass-market attention as one of the most traded meme-coins. By bringing these assets into its derivatives suite, Bybit enables traders to diversify portfolios, hedge exposures, and take advantage of emerging opportunities in dynamic market conditions.
Bybit continues to enhance its platform with advanced risk controls, institutional-grade infrastructure, and 24/7 customer support.
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