During our routine login to Bybit today, we noticed an exciting update: Bybit will be adding XRP options contracts starting October 21.
At this stage, there’s limited public information about contract specifications, such as lot size, expiry intervals, or margin terms. However, the announcement itself is noteworthy, especially considering XRP’s growing liquidity and Bybit’s increasing dominance in the crypto derivatives space.
Although the Terramatris Fund currently does not hold XRP directly, this development could influence our positioning in the near future. Bybit has long been one of our go-to platforms for options trading, and depending on the contract size and leverage terms, we may explore credit spreads or covered call strategies on XRP once the instruments become available.
Overall, this is a welcome addition to the crypto options landscape — and we’ll be watching closely how the market responds once trading opens on October 21.