Bybit, the second-largest cryptocurrency exchange by trading volume, has launched an innovative product: Bybit Pre-Market Perpetuals. This new offering allows users to trade perpetual contracts on upcoming tokens, enabling speculation on their future values before official launches.
Bybit’s Pre-Market Perpetuals are designed to provide early access to promising new contracts. This feature helps users avoid potential price increases due to launch-day volatility. Traders can place orders with up to 5x leverage before the contract is officially listed. If the orders match the specified price, they are executed at the opening price upon launch, with the position seamlessly transferred to the new contract – a distinct advantage over Bybit’s competitors.
“Bybit is always looking to innovate and offer our users the best trading tools available,” said Joan Han, Sales & 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.”
Traders can hedge their spot positions with Pre-Market Perpetuals, providing a significant advantage. This is particularly beneficial for those using short-selling strategies or engaging in Pre-Market Spot Trading, helping to minimize risks and protect investments.
The introduction of Pre-Market Perpetuals highlights Bybit’s ongoing innovation and market leadership. Bybit’s superior user experience and products have solidified its position as the second-largest crypto exchange in both spot and derivatives markets. This new product offers early access and risk management opportunities, reinforcing Bybit’s status as a pioneer in the cryptocurrency industry.
