Dubai, United Arab Emirates, August sixth, 2024, Chainwire
Bybit, the world’s second-largest cryptocurrency alternate by buying and selling quantity, introduced its newest product: Bybit Pre-Market Perpetuals. This modern providing permits customers to commerce perpetual contracts on forthcoming tokens, offering a chance to have interaction with future values previous to their official market debut.
Pre-Market Perpetuals are designed to supply early entry to to potential promising new contracts. This helps customers keep away from potential entry value will increase as a result of value volatility at launch.
Merchants can place orders with as much as 5x leverage earlier than the contract is formally listed. In the event that they match the desired value, orders are executed on the opening value upon a profitable opening, and the place is seamlessly transferred to the brand new contract after the perp is listed – a novel profit in comparison with Bybit’s opponents.
“Bybit is always looking to innovate and offer our users the best trading tools available,” mentioned Joan Han, Gross sales & Advertising and marketing Director of Bybit. “Pre-Market Perpetuals provide early access to new tokens, allowing our users to hedge spot positions and secure profits effectively. We believe this product will set a new standard in the crypto trading landscape.”
The flexibility to hedge spot positions utilizing Pre-Market Perpetuals gives merchants a major danger administration device. For these using short-selling methods or partaking in Pre-Market Spot Trading, these contracts present a mechanism to reduce dangers, thereby safeguarding investments and securing potential income.
Bybit’s introduction of Pre-Market Perpetuals is one other innovation from a market chief that has gained vital market share. Attributable to its superior UX and merchandise, Bybit has turn into the second-largest crypto alternate throughout spot and derivatives markets. Pre-Market Perpetuals offers alternatives for early entry and danger administration and reinforces Bybit’s place as a trailblazer within the cryptocurrency market.
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About Bybit
Bybit is the world’s second-largest cryptocurrency alternate by buying and selling quantity, serving over 37 million customers. Established in 2018, Bybit supplies an expert platform the place crypto buyers and merchants can discover an ultra-fast matching engine, 24/7 customer support, and multilingual neighborhood help. Bybit is a proud companion of Method One’s reigning Constructors’ and Drivers’ champions: the Oracle Pink Bull Racing crew.
For extra particulars about Bybit, customers can go to Bybit Press.
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Head of PR
Tony Au
Bybit
[email protected]
