Bitcoin

Spot

Bybit has launched a new pre-market product: Bybit Pre-Market Perpetuals.
Bybit, the world’s second-largest crypto exchange by trading volume, has introduced this product to allow traders to <a href="https://crypto.news/premarket-explained-how-to-buy-coins-before-the-official-listing/" data-type="link" data-id="https://crypto.news/premarket-explained-how-to-buy-coins-before-the-official-listing/" target="_blank" rel="noopener noreferrer nofollow">speculate on the future values</a> of upcoming tokens before their official launch.&nbsp;
Once the token is listed, users can place orders with up to 5x leverage and execute trades at the opening price, providing an advantage over competitors, who typically only allow 2x to 3x leverage on pre-market trades.&nbsp;
“Pre-Market Perpetuals provide early access to new tokens, allowing our users to hedge spot positions and secure profits effectively,” said Joan Han, Sales &amp; Marketing Director of Bybit.&nbsp;
You might also like: <a href="https://crypto.news/coinbase-to-offer-pre-launch-token-options-trading/" rel="noopener noreferrer nofollow"> Coinbase to offer pre-launch token options trading </a>
<h2 class="wp-block-heading" id="pre-market-perpetuals">Pre-market perpetuals</h2>
The choice to hedge spot positions using Pre-Market Perpetuals gives traders a valuable advantage. If a trader is utilizing a short-selling strategy or participating in Pre-Market Spot Trading, they can use Pre-Market Perpetuals to hedge their positions and reduce their risks. This capability allows traders to lock in profits and safeguard their investments.
In&nbsp;<a href="https://crypto.news/coinbase-unveils-crypto-futures-trading-for-eligible-us-traders/" target="_blank" rel="noopener noreferrer nofollow">futures trading</a>, 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 – in this case, Bybit.&nbsp;
Bybit’s launch of pre-market perpetuals aims to enhance its position in the market, offering an improved user experience and advanced trading tools to its 37 million users.
You might also like: <a href="https://crypto.news/bitcoin-bill-gains-support-thousands-push-us-senators-to-back-it/" rel="noopener noreferrer nofollow"> Bitcoin bill gains support, thousands push US senators to back it </a>

Bybit launches pre-market perpetuals for early trading

Table of Contents

crypto.news

Other articles published on Aug 6, 2024

Starknet Foundation CEO Diego Oliva Steps Down

Coffeezilla says ‘groundless’ Logan Paul lawsuit aims to ‘crush new investigations’

Coinbase Shifts Galxe Tokens to Gravity

Crypto Market Displayed a Strong Bounce After the Crash: Can We Expect Bitcoin Price at $60,000 T...

Pump.fun's High Failure Rate Revealed: 98.6% of Memecoins Never Launch

Potential Global Bear Market Sparked by Japan’s Crypto Influence

Join our free newsletter for daily crypto updates!