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IQST – IQSTEL Digital Models an Illustrative $14.4 Million to $21.6 Million in Annualized Consumer Billings at 300,000 Active Paid Monthly Microdrama Subscriptions

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Illustrative Model Estimates $1.8 Million to $3.6 Million in Potential Annualized Profit Contribution for IQSTEL Digital and Introduces an Original Microdrama Demo

Consumers are expected to pay approximately $4 to $6 for each active monthly microdrama subscriptionTotal subscription revenue would be shared among the participating mobile operator, content partner and IQSTELIQSTEL believes the net revenue it receives from the service could represent a higher-margin recurring revenue stream relative to its traditional telecommunications businessIQSTEL Digital estimates that each active monthly subscriber could generate approximately $0.50 to $1.00 in monthly profit-contribution.At 300,000 active monthly paid subscriptions, the model could represent approximately $1.2 million to $1.8 million in monthly consumer billings, or approximately $14.4 million to $21.6 million annuallyAt the same subscription level, IQSTEL Digital estimates potential monthly profit-contribution of approximately $150,000 to $300,000, equivalent to an annualized range of approximately $1.8 million to $3.6 millionIQSTEL Digital has created an original microdrama demo to explain the format and its carrier-billing monetization model

NEW YORK, Sept. 17, 2026 /PRNewswire/ — IQSTEL Inc. (NASDAQ: IQST) (“IQSTEL” or the “Company”), a multinational technology company providing telecommunications, fintech, AI-powered communications, cybersecurity, content and digital infrastructure services, today outlined the potential economics of its mobile-first microdrama distribution initiative through IQSTEL Digital.

To demonstrate the format through the product itself, IQSTEL Digital has created an original microdrama demo. The Company invites investors, mobile operators, prospective business partners and consumers to watch the demo and experience how mobile-first vertical storytelling can support engagement, monthly subscriptions and recurring digital revenue.

Monthly Subscription Economics

Under the commercial model currently contemplated, consumers would pay approximately $4 to $6 for each active monthly microdrama subscription offered through participating mobile operators.

This monthly subscription would provide access to premium, mobile-first vertical entertainment. The service is intended to complement other entertainment subscriptions consumers may already maintain by offering a different viewing experience: short, serialized stories designed specifically for smartphones and for frequent viewing throughout the day.

The total monthly subscription revenue would be shared among the participating mobile operator, content partner and IQSTEL.

The mobile operator would provide customer access, billing and distribution. The content partner would provide the platform and premium vertical content. IQSTEL would provide commercial access to operators, integration support and the distribution and monetization infrastructure required to bring the service to mobile subscribers.

After anticipated revenue sharing and directly attributable operating expenses, IQSTEL Digital currently estimates that each active paid monthly subscription could contribute approximately $0.50 to $1.00 per month in profit contribution attributable to IQSTEL Digital.

At an illustrative level of 300,000 active monthly paid subscriptions, consumers would generate approximately $1.2 million to $1.8 million in monthly subscription billings. This would be equivalent to approximately $14.4 million to $21.6 million in annual consumer billings.

“The economic opportunity begins with a recurring monthly subscription of approximately $4 to $6,” said Leandro Iglesias, President and CEO of IQSTEL. “That subscription revenue is shared among the mobile operator, content partner and IQSTEL, aligning the interests of all three parties. For IQSTEL, the objective is to convert our existing telecom relationships into recurring, high-margin digital revenue.”

Illustrative Monthly Subscription Scenarios

The following scenarios illustrate the potential economics of the contemplated business model at different levels of active paid monthly subscriptions:

Active paid monthly
subscriptions

Monthly
consumer
billings

Estimated monthly profit
contribution for IQSTEL
Digital

Annualized
consumer
billings

Estimated annualized profit
contribution for IQSTEL
Digital

50,000

$200,000–
$300,000

$25,000–$50,000

$2.4 million–$3.6
million

$300,000–$600,000

100,000

$400,000–
$600,000

$50,000–$100,000

$4.8 million–$7.2
million

$600,000–$1.2 million

200,000

$800,000–
$1.2 million

$100,000–$200,000

$9.6 million–$14.4
million

$1.2 million–$2.4 million

300,000

$1.2 million–
$1.8 million

$150,000–$300,000

$14.4 million–$21.6
million

$1.8 million–$3.6 million

Each scenario is based on active paid monthly subscriptions priced at approximately $4 to $6 per month. The consumer-billing figures represent the total amounts paid by consumers before revenue is shared among the participating mobile operator, content partner and IQSTEL. They do not represent revenue attributable exclusively to IQSTEL.

The estimated profit-contribution figures are based on IQSTEL Digital’s assumption that each active paid monthly subscription could generate approximately $0.50 to $1.00 in monthly profit-contribution attributable to IQSTEL Digital after anticipated revenue sharing and directly attributable operating expenses.

Annualized amounts assume that the applicable number of active paid monthly subscriptions, subscription pricing and estimated unit economics remain constant for twelve consecutive months. The scenarios are mathematical illustrations only and do not represent existing subscriptions, contracted revenue, forecasts or financial guidance.

A High-Margin Opportunity for IQSTEL Digital

IQSTEL’s traditional telecommunications operations are primarily high-volume businesses. The microdrama initiative is designed to introduce a recurring digital revenue stream with a potentially higher margin on the net revenue received by IQSTEL.

The model does not require IQSTEL to recognize or retain the entire subscription price. Instead, IQSTEL expects to receive an agreed share of the revenue generated by each monthly subscription.

IQSTEL believes that the scalability of its existing operator relationships and supporting infrastructure could allow additional subscriptions to be added without a proportional increase in IQSTEL Digital’s operating expenses. If achieved, this operating leverage could improve IQSTEL Digital’s operating margins as monthly paid subscriptions grow.

Actual margins and profit-contribution will depend on definitive operator agreements, revenue-sharing arrangements, subscription pricing, customer activation, subscriber retention and churn, promotional periods, taxes, refunds, collection rates, content costs, technical integration, marketing expenses and market acceptance.

A Rapidly Expanding Global Entertainment Category

Microdramas are scripted and serialized stories created specifically for smartphones. Episodes generally run between one and three minutes, are filmed vertically and use fast-paced narratives and cliffhangers to encourage frequent viewing and continued engagement.

According to Omdia, global microdrama revenue reached approximately $11 billion in 2025 and is expected to grow to approximately $14 billion by the end of 2026.

According to Omdia’s analysis of Q4 2025 Sensor Tower data, U.S. users of ReelShort spent an average of 35.7 minutes per day on the mobile app, compared with 24.8 minutes for Netflix, 26.9 minutes for Amazon Prime Video and 23.0 minutes for Disney+.

While major streaming platforms continue to have significantly larger monthly active user bases, the data demonstrates the strong engagement intensity achieved by the microdrama format among its existing mobile users. IQSTEL believes these trends demonstrate a broader change in entertainment consumption. Mobile-first audiences are allocating a growing share of their viewing time to short-form vertical video designed around how consumers naturally use smartphones.

Vertical entertainment is not necessarily replacing traditional horizontal programming. Instead, IQSTEL believes it is developing into a complementary category that competes for mobile attention by combining the convenience of social video with the emotional engagement and serialized storytelling of traditional television.

“Consumers still want compelling stories, but the screen, duration and viewing experience are changing,” Iglesias said. “The growth of microdramas shows that premium storytelling can be adapted to the mobile behavior consumers already demonstrate every day.”

Turning Telecom Relationships into Recurring Digital Revenue

IQSTEL maintains commercial relationships with more than 600 telecommunications operators across 24 countries. The networks operated by these companies collectively serve approximately 2.3 billion end users worldwide.

These relationships have historically been monetized through voice, SMS, messaging and connectivity services. IQSTEL Digital’s strategy is to use the same commercial and technical foundation to distribute higher-margin digital products and services.

Through integrations with participating operators, the microdrama service may be offered through:

Direct carrier billing, with subscription charges placed on the subscriber’s existing mobile bill or deducted from a prepaid balance;Standalone monthly subscriptions;Entertainment and data-plan bundles; andOperator-sponsored promotions and customer-retention programs.

Direct carrier billing could reduce the payment friction associated with credit cards, app-store accounts and separate payment relationships, particularly in Latin American and emerging markets.

For participating operators, microdramas could provide incremental subscription revenue and a differentiated customer-engagement product without requiring the operator to produce original content.

“The strategic asset is not only the content,” said Jorge Becerra, CEO of IQSTEL Digital. “It is the combination of content, operator distribution, customer activation, billing and financial reconciliation. IQSTEL Digital is building the commercial layer that connects those elements.”

IQSTEL Digital’s 2027 Objective

IQSTEL previously announced an objective to establish mobile-operator distribution channels capable of reaching a potential audience of approximately 40 million mobile users by the end of the second quarter of 2027.

The Company previously announced, in connection with an initial content-distribution partnership, an illustrative objective of 500,000 gross paying subscriptions by the end of 2027, based on an assumed gross penetration rate of 1.25% of a potential audience of approximately 40 million mobile users.

For purposes of the economic model presented in this release, IQSTEL has used an illustrative assumption that 300,000, or 60% of the 500,000 gross paying subscriptions, would represent active paid monthly subscriptions. The 60% assumption is used solely to demonstrate the potential economics of the model and is not based on existing subscriber activity, contracted subscriptions or historical retention data.

The 40 million figure represents the combined potential audience of targeted operators, not existing subscribers. The 500,000 figure is an illustrative corporate objective, excludes canceled or churned subscriptions and is not financial guidance or a guaranteed subscriber base.

Commercial Assumptions Supported by Operating Experience

The preliminary pricing, revenue-sharing and profit-contribution assumptions presented in this release are informed by management’s experience commercializing digital products and services across Latin America.

The initiative is led by IQSTEL Digital CEO Jorge Becerra, who has more than 25 years of experience across digital services, media, advertising and television. During his career, Becerra has participated in the development and commercialization of digital services through platforms reaching an aggregate audience of more than 100 million users across Latin America.

“These assumptions are informed by operating experience, not solely by the theoretical size of the microdrama market,” Becerra said. “Our focus is to apply that experience to carrier distribution, monthly subscription conversion, retention and recurring profit-contribution.”

The assumptions remain preliminary and are subject to validation through definitive operator agreements, commercial launches and actual subscription performance.

IQSTEL Digital’s Microdrama Demo

Watch IQSTEL Digital’s Microdrama Demo: www.microdrama.iqsteldigital.com 

The demo is optimized for mobile viewing. For the intended experience, viewers are encouraged to open it on a smartphone and watch it vertically.

This production was created by IQSTEL Digital exclusively as a demonstration of the microdrama format for use in commercial presentations. The story, characters and business-related situations have been dramatized for creative and illustrative purposes. The demo concludes with a disclaimer clarifying that it does not constitute an offer, solicitation, investment recommendation or invitation to invest in IQSTEL Inc. or its securities.

“We believe the best way to explain microdrama is through a microdrama,” Becerra said. “This demo allows investors, operators and consumers to experience the format directly while also understanding the monthly subscription, carrier-billing and potential profit-contribution opportunity behind it.”

IQSTEL Digital intends to use the demo as a commercial tool in discussions with prospective mobile-operator partners and as an educational experience for investors and consumers.

Building a Broader Digital Distribution Platform

IQSTEL Digital plans to use its operator relationships and supporting infrastructure to distribute a growing portfolio of higher-margin digital services across entertainment, artificial intelligence, cybersecurity, fintech and digital health.

“Microdrama provides an attractive first use case because it combines recurring subscriptions, mobile-native engagement and a rapidly growing global category,” Iglesias said. “The broader opportunity is to establish IQSTEL Digital as a distribution and monetization platform capable of bringing multiple digital products to telecom subscribers.”

About IQSTEL Inc.

IQSTEL Inc. (NASDAQ: IQST) is a global telecommunications and technology company operating through two core business divisions: Telecom and Digital Services. The Telecom Division is the foundation of IQSTEL’s global platform, operating across 24 countries with more than 600 telecommunications carrier interconnections and delivering international voice, SMS, messaging, and connectivity solutions to some of the world’s largest telecom operators and enterprise customers. Through these customer relationships, IQSTEL’s platform has the potential to reach approximately 2.3 billion end users worldwide. Building on this global infrastructure and commercial reach, the Digital Services Division is focused on higher-margin technology solutions across Artificial Intelligence, Intelligent Communications, Cybersecurity, Fintech, Digital Health, Enterprise Automation, and Content Services. Built through nearly two decades of organic growth and strategic acquisitions, IQSTEL is leveraging the scale and reach of its Telecom business to accelerate the growth of Digital Services and drive its next phase of revenue and Adjusted EBITDA expansion.

For more information, visit:

Corporate website: www.iqstel.com 
Investor Relations Portal: ir.iqstel.com 
IQSTEL Telecom website: www.iqsteltelecom.com
IQSTEL Digital Services website: www.iqsteldigital.com
Official Investor Landing Page: www.landingpage.iqstel.com

Safe Harbor Statement: Statements in this news release may be “forward-looking statements”. Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions, or any other information relating to our future activities or other future events or conditions. Words such as “anticipate,” “believe,” “estimate,” “expect,” “intend”, “could” and similar expressions, as they relate to the company or its management, identify forward-looking statements. These statements are based on current expectations, estimates, and projections about our business based partly on assumptions made by management. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: our ability to successfully market our products and services; our continued ability to pay operating costs and ability to meet demand for our products and services; the amount and nature of competition from other telecom products and services; the effects of changes in the cybersecurity and telecom markets; our ability to successfully develop new products and services; our ability to complete complementary acquisitions and dispositions that benefit our company; our success establishing and maintaining collaborative, strategic alliance agreements with our industry partners; our ability to comply with applicable regulations; our ability to secure capital when needed; and the other risks and uncertainties described in our prior filings with the Securities and Exchange Commission.

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SOURCE iQSTEL

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Accordia Bank Launches HSA+ Nationwide as New Law Expands HSA Eligibility to Millions.

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September 17, 2026

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PLEASANT GROVE, Utah, Sept. 17, 2026 /PRNewswire/ — Accordia Bank today announced the nationwide launch of Accordia HSA+, a full-service consumer-directed healthcare platform offering Health Savings Accounts and related benefit accounts to consumers and employers throughout the United States including distribution through benefits brokers and advisors.

The launch arrives as the health savings account market undergoes its most significant eligibility expansion since HSAs were created in 2003. Under the One Big Beautiful Bill Act, Bronze and Catastrophic health plans are treated as HSA-compatible beginning January 1, 2026. 35 percent of plans offered on HealthCare.gov qualify as HSA-eligible for the 2026 plan year, compared with 4 percent a year earlier.

“Eligibility just expanded to millions of people who have never had access to a Health Savings Account, and Accordia is in the market to serve these customers with best of breed products” said Matt Field, President of Accordia Bank. ” We built Accordia HSA+ because employers and their advisors tell us two things about the incumbents: the fees are hard to justify, and nobody answers the phone. We are a bank, not an administrator that partners with a bank, so we can price the account differently and we have a long legacy of personalized customer service.”

Accordia HSA+ provides the complete consumer-directed benefits suite: health savings accounts, health FSAs, limited purpose FSAs, dependent care FSAs, Health Reimbursement Arrangements, commuter benefits, lifestyle spending accounts, and COBRA administration. Participants receive a benefits debit card, mobile and web account access, and access to an investment platform once their account reaches the investment threshold of $1,000. Employers receive a single implementation, consolidated administration across all account types, and high service standards.

One major benefit for consumers and employers is that Accordia Bank’s Health Savings Account carries no monthly administration fee.

“An advisor’s reputation is on the line every time they recommend a vendor, and the thing that damages it is not price; it is a transition that goes badly,” said Heidi Maestas, Senior Vice President of Client Experience and Growth at Accordia Bank. “So, we built HSA+ around the handoff. One implementation across every account type, published service standards an advisor can hold us to, and a U.S.-based team that knows the group.”

“Our product suite has grown over the past several years by finding places where a well-run bank can compete with much larger institutions,” said Mike Watson, Chief Executive Officer of Accordia Bank. “Health Savings Accounts are exactly that kind of place. The product is a deposit product at its core, and deposits are what banks are built to do. What HSA+ adds is access to a one-stop shop for the full suite of consumer-directed benefits and administration that brokers and employers need”

Accordia HSA+ is available now for employer groups nationwide, including January 1, 2027, effective dates. Benefits brokers and consultants interested in the Accordia HSA+ advisor program can contact Wendy Dampier, HSA Solutions Advisor, at wendy.dampier@accordia.bank; or Reggie Harwell, HSA Solutions Advisor at reggie.harwell@accordia.bank, or visit https://accordia.bank/banking/business-banking/business-hsa.

For media inquiries, please contact:

Lee Lamb, SVP Marketing & Brand | lee.lamb@accordia.bank 

 About Accordia Bank –

Founded in 1993, Accordia Bank is a financial institution headquartered in Pleasant Grove, Utah, with approximately $1.6 billion in assets. Through Accordia HSA+, the bank serves consumers, employers and benefits advisors nationwide as a Health Savings Account custodian and administrator of consumer-directed benefit accounts. Accordia Bank also provides commercial, agricultural, small business, and construction lending. Accordia Bank is a division of Quill Bank. Member FDIC | Equal Housing Lender. Online: https://accordia.bank.

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SOURCE Accordia Bank

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Lawrence Semiconductor Names Don Garrison General Manager and Chief Operating Officer

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September 17, 2026

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Former Littelfuse semiconductor operations executive brings direct epitaxy leadership to the Tempe manufacturer of engineered silicon and germanium materials as it expands to meet growing demand

TEMPE, Ariz., Sept. 17, 2026 /PRNewswire/ — Lawrence Semiconductor, a U.S.-owned manufacturer of engineered silicon and germanium epitaxial materials, today announced that Don Garrison has joined as General Manager and Chief Operating Officer. Garrison reports to Chief Executive Officer Ali Torabi and leads manufacturing, engineering, quality and customer delivery as the company expands capacity to meet growing demand from photonics, sensing, quantum computing and defense customers.

As a merchant epitaxy foundry, Lawrence manufactures the engineered layers that customers use as starting material for advanced microelectronic, photonic and sensing devices. Its portfolio includes specialized silicon, germanium, silicon-germanium (SiGe), germanium-tin (GeSn) and isotopically enriched silicon-28 epitaxial materials for photonics, sensing, quantum computing, defense and other advanced semiconductor applications. Lawrence is the only merchant source in the United States for production GeSn and silicon-28 epitaxy and one of very few in the world.

“Lawrence makes advanced materials that very few companies in the world can produce, and our customers build their most demanding devices on them,” said Ali Torabi, chief executive officer. “Don has run semiconductor manufacturing at far larger scale, and he has run epitaxy, which is rare. With him leading operations, we can invest in capacity with confidence and scale to meet the industry’s rapidly growing need for specialty foundry services.”

Garrison brings more than 25 years of semiconductor manufacturing leadership. He most recently served as Vice President of Global Operations for the Semiconductor Business Unit at Littelfuse, directing manufacturing, engineering and supply chain across eight fabrication, assembly and test sites and an organization of more than 2,500 people.

Previously he was Director of Fab Operations at NXP Semiconductors in Chandler, Arizona, and led manufacturing excellence initiatives at GlobalFoundries during a high-growth factory startup. Earlier he spent more than a decade at Intel Corporation in technical and manufacturing roles. He has led epitaxial deposition operations directly at multiple companies and lives in the Phoenix area.

“I have run epitaxy before, and it is one of the most unforgiving processes in semiconductor manufacturing. Lawrence has been doing it well for more than 30 years,” said Garrison. “My job is to scale the operation to meet demand without compromising the quality and reliability our customers depend on.”

Lawrence operates a Class 100 cleanroom in Tempe with 14 epitaxial reactors running around the clock. The company is ISO 9001:2015 certified, is certified under the Department of Defense Joint Certification Program and is implementing IATF 16949 to support automotive and high-reliability production programs.

A high-resolution photo of Don Garrison is available on request.

About Lawrence Semiconductor

Lawrence Semiconductor Research Laboratory, Inc. is a privately held, U.S.-owned specialty semiconductor materials manufacturer headquartered in Tempe, Arizona. Founded in 1992, the company supplies custom silicon and germanium epitaxial materials to customers from early research through high-volume production. Its customers span silicon photonics, infrared sensing, power electronics, optical interconnect, quantum computing and defense. For more information, visit lawrencesemi.com.

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Crypto Options Approach Half of Bitcoin Derivatives Market as Bybit Captures 28% of Tracked Volume, Glassnode Report Finds

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September 17, 2026

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New Glassnode x Bybit research highlights structural shift toward options, with Bybit leading tracked Ether options for 143 consecutive days and tokenized gold perpetuals for 476 days

DUBAI, UAE, Sept. 18, 2026 /PRNewswire/ — Crypto derivatives markets are becoming more sophisticated as options take on a larger role in how traders manage and price risk, according to a new report from digital assets data provider Glassnode, produced in partnership with Bybit.

The State of Crypto Derivatives identifies a structural shift in the crypto-native Bitcoin derivatives market, with options increasing their share of notional open interest from roughly 25% to nearly 50% over the period studied. At the same time, dated futures have increasingly given way to perpetuals, reshaping how market participants gain and manage exposure.

The report draws on Glassnode’s venue-resolved derivatives and market data across the crypto-native market, individual venues and Bybit’s own derivatives book.

“Ether makes up about a third of Bybit’s Options Volume over the past 90 days, the highest Ether share of the four venues in the panel. The Ether options market has found a second venue of size,” said Frederik Theissen, Head of Research at Glassnode.

Options become a core part of crypto derivatives

Options have gained market share across four of the five market regimes examined since 2019, with their fastest growth occurring during the prolonged bear market.

The trend is significant because it suggests the growth of options is not simply a product of rising prices or speculative activity. Instead, market participants increasingly appear to be using options to manage downside, express views on volatility, and price specific market events.

Meanwhile, dated futures have increasingly given way to perpetual contracts, reinforcing the broader evolution of crypto derivatives toward instruments that offer more flexible and continuous exposure.

“Dated futures have all but left the crypto-native market: their volume sits about 97% below where it was in 2021. Leverage moved into perpetuals and risk pricing moved into options, whose volume runs more than three times higher than it did then,” added Frederik.

Bybit’s Bitcoin options share nearly triples

As the options market has expanded, Bybit has significantly increased its share of trading activity.

Glassnode’s data shows that Bybit’s share of the four-venue Bitcoin options volume pool rose from less than 10% to 28%, nearly tripling over the reporting period.

The growth has been driven by active turnover rather than simply the accumulation of open positions. Bybit’s options book turns over in days, compared with weeks for the largest book in the tracked panel.

This distinction highlights an important feature of a mature derivatives market: liquidity is not only about the amount of open interest held on a venue, but also how actively that liquidity is traded and recycled.

Bybit leads Ether options and tokenized gold

Bybit’s options activity extends beyond Bitcoin. The report finds that Bybit recorded the highest Ether options trading volume among the four tracked venues for 143 consecutive days. Glassnode confirmed the leadership using coin-denominated volumes as well as dollar values, reducing the impact of Ether price movements on the comparison.

Ether now accounts for approximately one-third of Bybit’s total options volume.

Bybit has also established a leading position in tokenized commodity derivatives. Measured in ounces, its tokenized-gold perpetual book has remained the largest among the crypto venues tracked by Glassnode for 476 consecutive days.

In gold options, Bybit accounted for 97.1% of open interest across the tracked venues.

Together, the figures point to a derivatives platform with growing depth across crypto-native assets and tokenized commodities, as traders increasingly use a broader range of instruments to manage risk and express market views.

Bybit’s options book grows more than fourfold

Bybit’s own options market has expanded substantially alongside the wider market.

According to the report, Bybit’s options book reached $2.33 billion, up from $529 million during its first month.

The growth has not been linear. Options initially represented a smaller share of Bybit’s derivatives activity during the rapid expansion of perpetual contracts, before rebuilding as demand for more sophisticated risk-management instruments increased.

The resulting U-shaped pattern broadly mirrors the wider market’s rotation back toward options.

“The derivatives market is becoming more sophisticated. Traders are increasingly using options not simply to take directional positions, but to express views on volatility, manage downside, and price specific events,” said Sean Ballard, Head of Derivatives and Institutional Business at Bybit.  “The data shows this is becoming a structural part of the market, and Bybit is building the liquidity, breadth, and infrastructure needed for the next stage of growth.”

“Bybit is leading the way in market evolution by aligning options with where price discovery and volume really live. By introducing options on perpetual contracts, we are bringing an industry-first innovation to the market, and we believe this should be a game changer for the growth and development of market structure,” added Sean.

Building the next generation of derivatives markets

The findings highlight a broader evolution in crypto trading. As options become a larger part of the market, competitive differentiation will increasingly depend on liquidity, breadth of instruments, and the infrastructure required to serve both professional and individual traders.

Bybit’s growing options market reflects this convergence, with expanding activity across Bitcoin and Ether and established depth in tokenized-gold derivatives.

Methodology: The State of Crypto Derivatives is based on Glassnode’s venue-resolved derivatives and market data, current as of the settled close of August 23, 2026. Venue coverage varies by metric and reflects the venues tracked by Glassnode. The options analysis covers four crypto-native venues. The futures analysis covers the offshore venues tracked by Glassnode and excludes CME, and the tokenized-gold analysis covers the crypto venues tracked by Glassnode.

The full report is available here.

#Bybit  / #NewFinancialPlatform

About Bybit

Bybit is The New Financial Platform.

We believe every person should have access to every financial opportunity on earth. That’s why we’re building the first intelligent platform that connects anyone, anywhere to the world’s finance.

Trusted by more than 80 million users worldwide, Bybit brings together investing, trading, payments, and wealth-building in a single secure and intelligent ecosystem. Through the combination of AI-powered technology, deep global liquidity, robust security, and transparent operations, Bybit makes global finance more accessible, efficient, and empowering for everyone.

Built for everyone. Powered by intelligence. Open to the world.

Learn more at Bybit.com.

For more details about Bybit, please visit Bybit Press

For media inquiries, please contact: media@bybit.com

For updates, please follow: Bybit’s Communities and Social Media

Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

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