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: [email protected]

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

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

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SOURCE Bybit

This integration connects Relativity aiR directly to ChatGPT Enterprise and enables users to stand up workspaces, organize case data and manage legal operations

CHICAGO, Sept. 18, 2026 /PRNewswire/ — Relativity, a legal data intelligence company, today announced that it has deepened its work with OpenAI by integrating Relativity aiR, its extensible AI platform for legal work, with ChatGPT Enterprise. Through the Model Context Protocol (MCP), legal teams can now use natural language in ChatGPT Enterprise to stand up new matters, align workspaces to the structure of their data, and manage access and workflows in Relativity aiR.

“ChatGPT Enterprise has quickly become one of the most common places professionals go to manage their work, and legal teams are no exception,” said Chris Brown, President of Relativity. “In connecting Relativity aiR with ChatGPT Enterprise, legal professionals can take action within the tools they already use, while maintaining the security and permissions of their existing workflows and keeping Relativity’s substantive data analysis within the platform.”

This integration further extends the capabilities of Relativity aiR and its broader partner ecosystem. The integration bridges Relativity aiR to a tool many legal teams already leverage, letting administrators work seamlessly without switching between systems. The result is a conversational agentic execution layer on top of Relativity aiR, empowering teams with a faster way to run enterprise workflows without trading off security.

As AI capabilities evolve rapidly, Relativity’s MCP strategy is designed to keep pace: connecting its platform to the AI applications legal teams already use, so they can adopt new tools as they emerge while defensibility remains anchored in Relativity aiR.

Relativity began working with OpenAI in 2024, when ChatGPT Enterprise became a data source in Collect. This enabled legal teams to seamlessly collect activity logs and conversation content for easy review in a near-native format.

To learn more about activating the OpenAI connector in Relativity aiR, visit https://relativity.com/platform/mcp/ or chat with the Relativity team at RelFest Chicago taking place Sept. 29–Oct. 1.

About Relativity
Relativity is a leading legal data intelligence company that builds technology to help users organize data, discover the truth, and act on it. Its AI platform, Relativity aiR, transforms complex data into actionable insights at massive scale for litigation, investigations, regulatory inquiries, data breach responses, and other legal use cases. The world’s largest law firms and corporations, government agencies, and a robust network of channel partners rely on Relativity’s legal AI to securely surface and manage the most relevant and impactful information in their matters. The company also expands access to technology by providing its platform at no cost to academic institutions through its Relativity Academic program and to organizations supporting pro bono legal work through its Justice for Change initiative. 

CONTACT: [email protected] 

SOURCE Relativity

PARIS, Sept. 18, 2026 /PRNewswire/ — 

• H1 2026 delivered a robust revenue growth of +7.4% and an adjusted EBIT margin of 18.8% at CERS:

○  Revenue growth is coming from both segments : companion animal +10.0% and farm animal +6.7% with a strong contribution from our Supercharge platforms (excl. Thyronorm) which increased by around +12% at CERS
○  Solid volume/mix effect of ~+5.4%, completed by price increase of ~+2%
○  Operating margin increased by 0.5ppt compared to H1 2025 driven by a favorable mix effect on the gross margin partially offset by higher operating expenses due to H1/H2 phasing effects.

• Consolidated net income increased by +5.9% to €87.1 million
• Net Debt as of June 2026 up to €196 million compared to €173m as of December 2025 mainly driven by usual working capital requirement seasonality

2026 guidance confirmed at the upper end of the range: the strong performance achieved in the first half of the year positions us to target the upper end of our initial revenue growth range (5.5% to 7.5% at CERS) and an adjusted recurring operating income margin of around 17% at CERS

Paul Martingell, Chief Executive Officer statement

“Virbac delivered a strong first half, marked by +7.4% organic growth and an 18.8% operating margin, demonstrating our teams’ ability to turn our commitment to animal health into tangible value. This performance reflects the scaling power of our ‘Supercharge’ platforms and the seamless integration of Thyronorm. Guided by our ‘Growing Together’ 2030 strategy, we are fully on track to achieve our full-year guidance.”

To be noted: EBIT Adjusted (before amortizations) corresponds to “recurring operating income before amortization of assets arising from acquisitions”.

Media Contact: [email protected]

SOURCE Virbac

Advancion’s fifth annual report highlights the Company’s progress in safety, sustainable innovation and responsible operations

BUFFALO GROVE, Ill., Sept. 17, 2026 /PRNewswire/ — Advancion Corporation (“Advancion” or the “Company”), a global leader in life sciences buffers and proprietary specialty ingredients, today announced the release of its 2025 Corporate Sustainability Report, available at advancionsciences.com/sustainability.

Advancion’s fifth annual report was prepared using the latest Global Reporting Initiative (GRI) Standards and details the Company’s 2025 sustainability performance and progress toward its long-term goals. Guided by the theme “Safe by Choice. Sustainable by Design.”, the report highlights how safety and sustainability shape Advancion’s operations, innovation and strategic priorities.

Key highlights from Advancion’s 2025 report include:

• Industry-leading safety performance – Advancion’s Sterlington, Louisiana, and Ibbenbüren, Germany, manufacturing facilities each surpassed three years without a recordable injury, reflecting the Company’s strong safety culture and commitment to zero incidents, ensuring every employee returns home safely.
• Progress toward 2030 environmental goals – The Company reduced greenhouse gas emissions, energy consumption, water use and waste intensity across its major manufacturing operations compared with its 2020 baseline.
• Sustainable portfolio impact – Advancion evaluated its entire product portfolio in 2025, with approximately 54% of revenue generated by products that promote health, reduce waste or provide environmental benefits.
• Award-winning operational improvements – Advancion implemented projects that improve efficiency while reducing emissions, waste and operating costs, earning multiple American Chemistry Council Responsible Care^® Awards.
• Innovation designed for the future – The Company continued advancing its next-generation high-performance ingredients and biotechnology solutions that help customers improve product performance, respond to evolving regulatory requirements and achieve their own sustainability objectives.

“Our 2025 Sustainability Report demonstrates how safety and sustainability have become deeply embedded across Advancion,” said David Neuberger, President and Chief Executive Officer. “We are making meaningful progress—from strengthening our safety culture and expanding renewable energy to advancing sustainable innovation and improving the environmental efficiency of our operations. These efforts support our long-term strategy and reinforce our commitment to creating lasting value for our customers, employees, communities and other stakeholders.”

For more information about Advancion’s sustainability platform and to download the 2025 Corporate Sustainability Report, visit advancionsciences.com/sustainability.

ABOUT ADVANCION

Advancion is a leading global producer of specialty ingredients and consumables for biotechnology, pharmaceuticals, home and personal care, and other consumer-oriented and industrial markets. The Company is one of the world’s largest producers of life sciences buffers and other proprietary ingredients, providing high-performance products, best-in-class quality and guaranteed supply security for more than 80 years. Through Expression Systems, an Advancion company, the Company produces innovative cell culture media formulations, cell lines, molecular tools and reagents used in the development and commercial manufacturing of advanced therapies. Advancion operates three manufacturing facilities in the U.S. and Germany and serves its global customers through six regional Customer Application Centers located in Chicago, Illinois; Paris, France; São Paulo, Brazil; Singapore; Shanghai, China; and Mumbai, India. The Company is privately owned by Ardian and Golden Gate Capital, and is headquartered in Buffalo Grove, Illinois. For more information, visit advancionsciences.com.

Follow Advancion on LinkedIn.

FOR ADDITIONAL INFORMATION
Advancion Media Relations
Scott C. Johnson
+1 847-808-3769
[email protected]

SOURCE Advancion Corporation

Industry recognition highlights AML RightSource’s expertise in helping organizations navigate evolving crypto and digital asset regulations

HIGHLAND HILLS, Ohio, Sept. 17, 2026 /PRNewswire/ — AML RightSource, a global expert solutions provider of financial crime compliance managed services and advisory solutions, has been recognized by CobraSight with a 2026 Crypto & Digital Assets Growth Partner Award in the Licensing & Compliance category. The award recognizes firms that demonstrate deep expertise, specialization, and experience supporting organizations operating within the digital asset ecosystem.

As digital assets continue to move further into the financial mainstream, organizations face an increasingly complex regulatory environment. New and evolving requirements across jurisdictions are raising expectations around anti-money laundering, financial crime compliance, governance, licensing, and risk management.

AML RightSource helps digital asset businesses, financial institutions, fintechs, and other regulated organizations navigate these challenges through a combination of managed services, advisory support, investigations, transaction monitoring, sanctions compliance, and broader financial crime risk management expertise.

“Digital assets have rapidly evolved from a niche market to an increasingly important part of the global financial ecosystem,” said Steve Meirink, Chief Executive Officer of AML RightSource.

“As digital assets continue to gain broader adoption, organizations face increasing pressure to balance innovation with strong compliance and risk management practices. We’re proud to support our clients as they navigate that challenge, helping them build programs that meet evolving regulatory expectations while enabling sustainable growth.”

“This award reflects the expertise and commitment of our global team. Every day, our professionals work alongside clients to solve complex compliance challenges, strengthen trust, and create the foundation for long-term success.”

AML RightSource has more than 7,000 professionals globally, providing financial crime compliance expertise across North America, EMEA, and APAC. The firm’s capabilities span anti-money laundering, Know Your Customer (KYC), sanctions compliance, transaction monitoring, fraud prevention, investigations, regulatory remediation, and advisory services for highly regulated industries.

According to CobraSight, more than 350 vendors were evaluated through an independent research process, with winners selected based on specialization, industry expertise, client experience, and support for organizations operating in regulated markets.

About AML RightSource
AML RightSource is a global leader in financial crime compliance and risk management. Delivering tailored solutions through expert professionals to support AML, KYC, EDD, and more. We help clients meet compliance demands, manage risk, and navigate regulatory change with confidence. www.amlrightsource.com. 

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SOURCE AML RightSource

SHANGHAI, Sept. 17, 2026 /PRNewswire/ — With the goal of strengthening tourism and business ties between the Philippines and Greater China, the Department of Tourism (DOT) Shanghai Office and the Tourism Promotions Board (TPB) Philippines successfully organized the Philippine Business Mission to Greater China 2026, generating a total of Php 452,706,233.9 in sales leads.

Marking PBM’s return after the pandemic, the initiative was held from August 17 to 21 across Hong Kong, Xiamen, and Shanghai, featuring business-to-business meetings, destination briefings, and product updates.

In Hong Kong, 27 seller companies and 36 buyer companies participated, resulting in PHP 68,838,840.00 in sales leads. In Xiamen, 26 seller companies and 45 buyer companies took part, with PHP 206,185,155.91 in sales leads recorded. Meanwhile, in Shanghai, 26 seller companies and 38 buyer companies participated, accounting for PHP 177,682,237.99 in sales leads. The local buyers comprised online travel agencies, airlines, and other tourism stakeholders.

TPB Chief Operating Officer Maria Margarita Montemayor Nograles reiterated the importance of strengthening partnerships and translating market opportunities into sustained tourism growth.

“As we strengthen our presence in Hong Kong, Xiamen, and Shanghai, we are creating more opportunities for Philippine tourism stakeholders and building partnerships that go beyond this business mission,” Nograles said. “The sales leads generated reflect renewed demand for Philippine travel experiences and the growing confidence among our partners in bringing more visitors to our destinations. We will continue to work closely with our industry partners to convert these opportunities into arrivals, investments, and meaningful travel experiences that benefit local communities across the Philippines.” 

China remains one of the Philippines’ most important tourism source markets and a key contributor to the industry’s continued growth and recovery. According to the Department of Tourism, from January 1 to August 22 this year, the country welcomed 300,949 tourists from China, representing a 69.38% increase from 177,674 arrivals recorded in 2025.

ABOUT TPB

The Tourism Promotions Board (TPB) Philippines is an attached agency of the Department of Tourism, mandated to market and promote the country both domestically and internationally as a world-class tourism and MICE destination. This is carried out through strategic partnerships with public and private stakeholders, anchored on travel trade shows and business meetings. For more information, please visit www.tpb.gov.ph.

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SOURCE Tourism Promotions Board (TPB) Philippines

A 20-country poll shows nearly 90% believe powerful nations need the international system, alongside strong support for a woman Secretary-General

WASHINGTON, Sept. 17, 2026 /PRNewswire/ — As world leaders arrive in New York for UN General Assembly High-level Week, the United Nations Foundation today released results of a new global poll, which finds that 57% of citizens fear for the future, while nearly 90% believe that not even the most powerful nations should confront turbulent times on their own. The global public wants a reinvigorated UN, under an outward-facing leader, even as 85% have heard little about the race to find a new Secretary-General, the poll shows.

The report, “A Mandate for Renewal: Global Public Opinion on the United Nations and the Selection of the 10th Secretary-General,” analyzes results of a poll conducted in 20 countries home to 56% of the global population. Fielded by GeoPoll, the poll is the first to survey the race to lead the UN and captures the views of 5,000 citizens, including from all 15 members of the UN Security Council, as it votes on candidates for what has been described as the “world’s toughest job.”

“In an increasingly turbulent world, we need a multilateral system that delivers,” said UN Foundation President and CEO Elizabeth Cousens. “A re-energized United Nations is vital to that task, making the upcoming leadership transition possibly the most consequential in the UN’s history. The selection of a new Secretary-General offers a rare opportunity to define why the institution exists, who it serves, and how it can achieve results in a fragmented world.”

With a crowded field and no clear frontrunner, the Secretary-General race is moving into decisive stages, with the Security Council expected to hold straw polls directly before and shortly after UN General Assembly High-level Week.

The survey shows that while a majority of citizens (58%) trust the UN to deliver, public patience is finite. Citizens want a bold, visible leader who can rebuild faith in shared solutions, while six in ten respondents want the UN to break with 80 years of history and select the first woman Secretary-General.

“While the world still trusts the UN, the global public is eager for change,” said former UN Deputy Secretary-General and UN Foundation Board Member Mark Malloch-Brown. “The next Secretary-General will have an opportunity to connect directly with citizens and show how the UN can turn their expectations into results that matter in their daily lives.”

Key findings from the report include:

• Citizens fear for their future in a turbulent world. Nearly 6 in 10 respondents (57%) are worried about the future. Older generations are the most pessimistic (64% worried), while young adults (18–34) are the most optimistic (37% hopeful).
• Conflict prevention tops public priorities. When asked to select their top three priorities for global cooperation, more than half of respondents (58%) named preventing and ending armed conflicts. This was followed by reducing poverty and inequality (45%), taking climate action (40%), protecting human rights (35%), and managing the global economy (29%).
• A majority trusts the UN to deliver, but with a North-South divide. Nearly 6 in 10 respondents (58%) trust the UN and other international institutions to make progress on the challenges that matter to them most, but 39% are skeptical. Trust in institutions’ ability to deliver is higher in the Global South (65%) than the Global North (44%). Only 13% believe the UN is outdated and no longer necessary in the modern world.
• The public wants an outward-facing leader. While demand for renewal of the UN is high, only 17% want the next Secretary-General to focus primarily on internal reform. Instead, citizens want a leader who looks outward: a diplomat (28%) to end wars, a crisis manager (26%) for global emergencies, or a moral voice (25%) to speak out on human rights and existential threats.
• The UN leadership race has yet to break through. Most global citizens (85%) have heard little to nothing about the selection of a new Secretary-General. While official candidates are not entirely unknown (averaging 19% name recognition), they have yet to achieve wider public visibility.
• Demand for a historic first. Six in ten respondents (61%) say it is important for the next UN Secretary-General to be a woman. Support for a woman leader is highest among women (68%), young adults aged 18–34 (68%), and respondents across the Global South (70%).

View the full press kit, including images, methodology, and additional resources.

SOURCE United Nations Foundation, Inc.