Read

Spark

Metal DAO

Polymarket

<p><strong>Bybit has listed the SONYUSDT perpetual contract with up to 20x leverage, giving traders a new derivatives instrument to speculate on SONY token price movements against Tether's USDT.</strong></p>
<h2 id="bybit-launches-sonyusdt-perpetual-trading">Bybit launches SONYUSDT perpetual trading</h2>
<p>The cryptocurrency exchange added the SONYUSDT perpetual contract to its <a href="https://www.bybit.com/en/trading/trade-portal" rel="noopener noreferrer nofollow">derivatives trading portal</a>. The listing is a perpetual contract, not a spot pair, meaning traders can take long or short positions without an expiration date. For related coverage, see <a href="https://www.coinwy.com/bybit-botusdt-perpetual-contract-20x-leverage/" rel="noopener noreferrer nofollow">Bybit Announces BOTUSDT Perpetual Contract Listing With Up to 20x Leverage</a>.</p>
<p>Leverage on the new contract goes up to 20x, allowing traders to control positions worth up to 20 times their deposited margin. The pair is settled in USDT, Tether's dollar-pegged stablecoin, which remains the dominant quote currency for crypto derivatives. For related coverage, see <a href="https://www.coinwy.com/polymarket-integrates-spark-instant-bitcoin-lightning-deposits/" rel="noopener noreferrer nofollow">Polymarket Integrates Spark for Instant Bitcoin Lightning Deposits</a>.</p>
<p>Bybit has been steadily expanding its perpetual contract offerings. The exchange recently <a href="https://coinwy.com/bybit-lists-ewtusdt-perpetual-contract-20x-leverage/" rel="noopener noreferrer nofollow">listed a BOTUSDT perpetual contract</a> with the same 20x leverage cap, suggesting a pattern of onboarding smaller-cap tokens into its derivatives lineup. For related coverage, see <a href="https://www.coinwy.com/binance-support-metal-dao-mtl-network-upgrade-hard-fork/" rel="noopener noreferrer nofollow">Binance to Support Metal DAO (MTL) Network Upgrade and Hard Fork</a>.</p>
<h2 id="what-the-sonyusdt-perpetual-contract-means-for-traders">What the SONYUSDT perpetual contract means for traders</h2>
<p>Perpetual contracts are the most widely traded derivative instrument in crypto. Unlike traditional futures, they have no settlement date, allowing positions to remain open indefinitely as long as the trader meets margin requirements. For related coverage, see <a href="https://www.coinwy.com/us-sec-targets-july-for-crypto-exemption-proposal/" rel="noopener noreferrer nofollow">U.S. SEC Targets July for Crypto Exemption Proposal</a>.</p>
<p>The 20x leverage cap means a $1,000 margin deposit can open a $20,000 position. Gains and losses are both amplified by the same factor, so a 5% adverse price move at 20x leverage would wipe out the entire margin.</p>
<p>USDT-settled contracts simplify position management because profits and losses are denominated in a stablecoin rather than the underlying token. This is relevant for traders who want exposure to SONY price movements without holding the token itself.</p>
<p>The listing on <a href="https://announcements.bybit.com/en/" rel="noopener noreferrer nofollow">Bybit's platform</a> gives SONY token additional derivatives liquidity. For tokens with smaller market caps, a perpetual contract listing on a major exchange can increase trading volume and price discovery, though it can also introduce new sources of volatility.</p>
<h2 id="key-risks-and-short-term-market-impact-to-watch">Key risks and short-term market impact to watch</h2>
<p>Leveraged perpetual contracts carry significant risk, particularly for newer token listings where liquidity may still be developing. Thin order books combined with high leverage can lead to rapid liquidations and sharp price swings in both directions.</p>
<p>Traders using the full 20x leverage face liquidation if the position moves roughly 5% against them, before accounting for fees and funding rates. Funding rate mechanics on perpetual contracts also create ongoing costs for holding positions, which can erode returns over time.</p>
<p>New perpetual listings often attract speculative volume in the first days after launch. The initial price action may not reflect longer-term supply and demand dynamics. Bybit has also been supporting network upgrades for other tokens on its platform, signaling continued infrastructure investment across its listed assets.</p>
<p>Traders considering the SONYUSDT perpetual contract should set stop-loss orders, start with lower leverage, and monitor funding rates closely in the early days of the listing.</p>
<p>Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.</p><a href="https://www.coinwy.com/?p=19315" rel="noopener noreferrer nofollow">Read original article on coinwy.com</a>
<div class="coinwy-read-also"><strong>Read also :</strong>
 <ul>
  <li><a href="https://www.coinwy.com/new-hampshire-100-million-bitcoin-bond-proposal-fails-final-vote/" rel="noopener noreferrer nofollow">New Hampshire’s $100 Million Bitcoin Bond Proposal Fails Final Vote</a></li>
  <li><a href="https://www.coinwy.com/bybit-changes-funding-rate-limits-for-skhynixusdt-perpetual-contracts/" rel="noopener noreferrer nofollow">Bybit Changes Funding Rate Limits for SKHYNIXUSDT Contracts</a></li>
  <li><a href="https://www.coinwy.com/bitcoin-etfs-see-outflows-ether-funds-end-five-day-inflow-streak/" rel="noopener noreferrer nofollow">Bitcoin ETFs See Outflows as Ether Funds End Inflow Streak</a></li>
  <li><a href="https://www.coinwy.com/crypto-bill-fight-returns-senate-white-house-rejects-nomination-delay-claims/" rel="noopener noreferrer nofollow">Crypto bill fight returns to the Senate as White House rejects nomination-delay claims</a></li>
  <li><a href="https://www.coinwy.com/new-hampshire-ends-bitcoin-municipal-bond-effort/" rel="noopener noreferrer nofollow">New Hampshire Ends Bitcoin Municipal Bond Effort</a></li>
 </ul>
</div>

Bybit Lists SONYUSDT Perpetual Contract With Up to 20x Leverage

Table of Contents

Coinwy

Other articles published on Jul 8, 2026

Join our free newsletter for daily crypto updates!