Bybit Launches New Price View Contracts for BTC and ETH
Bybit, the world's second-largest cryptocurrency exchange by trading volume, has launched Bybit Odds, a new product that allows traders to express views on future price movements of Bitcoin (BTC) and Ethereum (ETH). The contracts offer fixed returns with defined risk exposure without using leverage or subjecting positions to liquidation. This provides users an alternative method for participating in crypto markets through three formats: Up/Down, Price Target, and Price Range. Bybit Odds is integrated into the exchange's Unified Trading Account (UTA) system and supports trading periods ranging from five minutes up to seven days. Users can start with as little as 5 USDT per trade, making it accessible for a wide range of traders. The product aims to simplify crypto price speculation by removing complexities associated with leveraged products. The launch expands Bybit's offerings alongside its existing spot and derivatives markets. Institutional market makers provide liquidity support within the platform, ensuring efficient pricing and execution.
Topics: Bybit Odds cryptocurrency Price View Contracts trading products