Bybit Introduces Pre-Market Perpetuals for Trading Upcoming Tokens

Dubai, United Arab Emirates, August 6th, 2024

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has launched its latest product: Bybit Pre-Market Perpetuals. This innovative feature allows users to trade perpetual contracts on upcoming tokens, granting the chance to engage with future values before they officially hit the market.

Designed for early access, Pre-Market Perpetuals enable users to secure potentially lucrative new contracts while mitigating the impact of price volatility during launch. Traders can place orders with leverage of up to 5x prior to the official contract listing. Once the specific price is met, these orders will be executed at the opening price upon a successful launch, with positions automatically transitioning to the new contract after it goes live—offering a unique advantage over competitors.

“Bybit is continually seeking to innovate and provide the best trading tools for our users,” stated Joan Han, Sales & Marketing Director of Bybit. “Pre-Market Perpetuals grant early access to new tokens, allowing users to hedge spot positions and efficiently secure profits. We believe this product will establish a new benchmark in the crypto trading landscape.”

The ability to hedge spot positions with Pre-Market Perpetuals presents traders with a substantial risk management tool. Those employing short-selling strategies or involved in Pre-Market Spot Trading can utilize these contracts to reduce risks, thus protecting investments and enhancing profit potential.

Bybit’s introduction of Pre-Market Perpetuals marks another innovative step from a market leader that has successfully garnered significant market share. With its exceptional user experience and product offerings, Bybit has solidified its position as the second-largest crypto exchange in both spot and derivatives markets. This new feature not only provides early access and risk management opportunities but also reinforces Bybit’s status as a trailblazer in the cryptocurrency sector.

About Bybit

Bybit is the second-largest cryptocurrency exchange globally by trading volume, catering to over 37 million users. Founded in 2018, it offers a professional platform with an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit proudly partners with the Oracle Red Bull Racing team, the reigning Constructors’ and Drivers’ champions in Formula One.

For media inquiries, please contact:
Tony Au, Head of PR
Email: [email protected]

This article was originally published by Chainwire.