Dubai, United Arab Emirates, August 6th, 2024, Chainwire
Bybit, the world’s second-largest cryptocurrency exchange, has launched a groundbreaking product: Bybit Pre-Market Perpetuals. This new offering allows users to trade perpetual contracts on upcoming tokens, offering a unique opportunity to engage with future values before their official market debut.
Pre-Market Perpetuals are specifically designed to provide early access to potentially lucrative new contracts, helping users avoid entry cost hikes caused by price volatility at launch.
Traders can utilize up to 5x leverage to place orders before the contract is listed. Orders that match the specified price are executed at the opening price upon a successful launch, with positions seamlessly transitioning to the new contract after listing – a distinct advantage over competitors.
“Bybit is committed to innovation and providing our users with top-notch trading tools,” said Joan Han, Sales & Marketing Director of Bybit. “Pre-Market Perpetuals offer early access to new tokens, enabling users to hedge spot positions and secure profits effectively. We believe this product will revolutionize crypto trading.”
By using Pre-Market Perpetuals to hedge spot positions, traders gain a valuable risk management tool. Whether employing short-selling strategies or engaging in Pre-Market Spot Trading, these contracts offer a way to minimize risks, protect investments, and lock in potential profits.
Bybit’s introduction of Pre-Market Perpetuals showcases yet another innovation from a market leader that has captured significant market share. With its user-friendly interface and superior products, Bybit has risen to become the second-largest crypto exchange in spot and derivatives markets. Pre-Market Perpetuals provide opportunities for early access and risk management, solidifying Bybit’s position as a trailblazer in the cryptocurrency market.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange, catering to over 37 million users. Established in 2018, Bybit offers a professional platform with an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit proudly partners with Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, visit Bybit Press.
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Contact Head of PR Tony Au Bybit tony.au@bybit.com