Bybit, the third most visited crypto exchange in the world, today announced zero commissions on all of its options contracts in honor of the launch of its Unified Trading Account (UTA).

As part of its goal to introduce the cryptocurrency community to next-level opportunities, Bybit is now introducing the most versatile and cost-effective crypto options on the market. Users can now use USDT’s liquid perpetual products to offset the risks of options trading.

Starting March 10, 2023 at 10am GMT, VIP and institutional users who have switched to Bybit’s UTA can participate in the promotion and enjoy commission-free trading. All Bybit blue chip option contracts (BTC, ETH, SOL) will be included in this promotion.

Bybit’s UTA is designed to simplify trading by streamlining the handling of different asset types in one account. It allows investors to cross-collateralize positions, diversify trades and switch seamlessly between strategies without manual asset transfers.

With UTA, clients will be able to use UTA’s advanced portfolio margin, using USDT derivatives for an additional hedging opportunity, allowing them to reduce risk when trading USDC options. This breakthrough will provide traders holding USDC hedging options and perpetual USDT positions with more flexibility and more options.

VIP and institutional customers will automatically receive zero commission on all option trades after switching to UTA. They will also be able to trade without commission for the duration of the campaign.