Bybit launches pre-listing perpetual contracts to trade upcoming tokens

[PRESS RELEASE – Dubai, United Arab Emirates, August 6th, 2024]

BybitThe world’s second largest cryptocurrency trade by buying and selling quantity has introduced the launch of its newest product: Bybit Pre-Market Perpetuals. This revolutionary product permits customers to commerce perpetual contracts on upcoming tokens, offering the chance to achieve publicity to future worth forward of their official market debut.

Pre-IPO perpetual contracts are designed to offer early entry to probably promising new contracts. This helps customers keep away from potential elevated price of entry as a consequence of value fluctuations at launch.

Earlier than the contract is formally listed, merchants can place orders with as much as 5 occasions leverage. In the event that they match the desired value, after efficiently opening a place, the order can be executed on the opening value, and as soon as the perpetual contract is listed, the place can be seamlessly transferred to the brand new contract – a singular characteristic in comparison with Bybit opponents The benefits.

“Bybit is all the time dedicated to innovation and offering the very best buying and selling instruments to our customers,” mentioned Joan Han, Bybit’s Director of Gross sales and Advertising and marketing. “Pre-listing perpetual contracts present early entry to new tokens, permitting our customers to hedge. Spot positions and safe earnings effectively. We consider this product will set new requirements on this planet of cryptocurrency buying and selling.

The power to hedge spot positions utilizing pre-market perpetual contracts supplies merchants with an essential threat administration instrument. For these using a short-selling technique or collaborating in pre-market spot buying and selling, these contracts present a mechanism to attenuate threat, thereby defending investments and guaranteeing potential earnings.

The launch of pre-listing perpetual contracts by Bybit is one other innovation from the market chief, successful an enormous market share. With its superior person expertise and merchandise, Bybit has grow to be the second largest cryptocurrency trade within the spot and derivatives markets. Pre-listing perpetual contracts present alternatives for early participation and threat administration, and solidify Bybit’s place as a pioneer within the cryptocurrency market.

#Bybit / #TheCryptoArk

About Bybit

Bybit is the world’s second largest cryptocurrency trade by buying and selling quantity, serving greater than 37 million customers. Based in 2018, Bybit supplies an expert platform the place cryptocurrency traders and merchants can discover a super-fast matching engine, 24/7 customer support and multi-lingual group assist. Bybit is a companion of reigning Formulation 1 group and driver champion Oracle Crimson Bull Racing.

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