Dubai, United Arab Emirates, August 6, 2024, Chainwire
Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has announced its latest product: Bybit Pre-Market Perpetuals. This pioneering offering allows users to trade perpetual contracts on upcoming tokens, providing a chance to engage in future values before their official market debut.
Pre-Market Perpetuals are designed to offer early access to potentially promising fresh contracts. This helps users avoid potential increases in entry costs due to price volatility at launch.
Traders can place orders with up to 5x leverage before the contract is officially issued. If they match a specified price, the orders are executed at the opening price upon successful opening, and the position is seamlessly transferred to a fresh contract upon perp issuance – a unique advantage compared to Bybit’s competitors.
“Bybit is always striving to innovate and offer our users the best trading tools available,” said Joan Han, Director of Sales and Marketing at Bybit. “Pre-Market Perpetuals provide early access to new tokens, allowing our users to secure spot positions and effectively lock in profits. We believe this product will set a new standard in the crypto trading landscape.”
The ability to hedge spot positions using Pre-Market Perpetuals offers traders a significant risk management tool. For those who employ miniature selling strategies or engage in Pre-Market Spot Trading, these contracts provide a mechanism to minimize risk, thereby protecting investments and securing potential profits.
Bybit’s introduction of Pre-Market Perpetuals is yet another innovation from the market leader that has gained significant market share. With its excellent UX and products, Bybit has become the second largest cryptocurrency exchange in the spot and derivatives markets. Pre-Market Perpetuals provides early access and risk management capabilities and reinforces Bybit’s position as a pioneer in the cryptocurrency market.
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About Bybit
Bybit is the world’s second largest cryptocurrency exchange by trading volume, serving over 37 million users. Founded in 2018, Bybit provides a professional platform where cryptocurrency investors and traders can find an ultra-fast matching engine, 24/7 customer support, and multilingual community support. Bybit is a proud partner of the reigning Formula 1 Constructor and Driver Champions: Oracle (NYSE:) Red Bull Racing.
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contactPR ManagerTony AuBybittony.au@bybit.com
