Bybit has launched a new pre-market product: Bybit Pre-Market Perpetuals.
Bybit, the world’s second-largest crypto exchange by trading volume, introduced this product to allow traders to speculate on the future values of upcoming tokens before their official launch.
Bybit’s Pre-Market Perpetuals enable users to place orders with up to 5x leverage at the opening price, whereas competitors typically offer only 2x to 3x leverage on pre-market trades.
“Pre-Market Perpetuals provide early access to new tokens, allowing our users to hedge spot positions and secure profits effectively,” said Joan Han, Sales & Marketing Director of Bybit.
Pre-market perpetuals
The choice to hedge spot positions using Pre-Market Perpetuals gives traders a valuable advantage. They can use these tools to hedge their positions and reduce risks, locking in profits and safeguarding investments.
In futures trading, two parties agree to buy or sell a commodity, security, or asset at an agreed price and date in the future. These contracts are legally binding and are traded electronically on exchanges, such as Bybit.
Bybit’s launch of pre-market perpetuals aims to enhance its market position by offering an improved user experience and advanced trading tools to its 37 million users.
