Introduction to Bybit’s New Offering
Bybit, one of the most successful cryptocurrency exchanges in the world, introduced the first pre-market product: Bybit Pre-Market Perpetuals. This new product introduces a trading environment that will make it possible for traders to invest in highly-contested tokens, which are yet to hit the market, thus aquiring a side step in the process of cryptotrading revolution.
Leverage and Competitive Advantage
Once tokens are listed, users are allowed to place up to 5x leverage orders and opening priced trades can be executed. This results in quite a competitive advantage over other exchanges that offer only 2-3x leverage on pre-market trades. The 5-fold increase in leverage enables traders to achieve their highest potential return, which is the main reason for Bybit becoming a reliable and highly preferable platform7 for professional traders.
Benefits of Pre-Market Perpetuals
“Pre-Market Perpetuals is a product that brings early access of the new tokens to our users which in turn help them hedge spot positions efficiently and make good profits”, said Joan Han, Sales & Marketing Director of Bybit. This new product is particularly beneficial for traders looking to hedge their positions, especially those using short-selling strategies and shares in the Pre-Market Trading.
Hedging and Risk Management
Hedging spot positions through Pre-Market Perpetuals gives traders a clear edge over the rest of the market. Through these contracts, traders can do a great deal to reduce their risk and secure profits, which is just very important to the protection of the capital. This tool is indispensable in maintaining a balanced and secure trading portfolio.
Understanding Futures Trading
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 traded electronically on exchanges such as Bybit. One of the primary methods of the strategy that Bybit uses is the introduction of pre-market perpetuals, which the platform announces in order to retain its strong competitive edge as well as to create a user experience that the end user can benefit from and gain a competitive advantage. So far, with the introduction of perpetual contracts by Bitmex, the latter is not only a leader in customer approach and interface, but achievement the low fees to traders, which is a win-win situation for all parties involved, meaning Bitmex surely is a step ahead of the rest. And how do beneficiaries get to pay lower forex fees as a result of the app’s integration of DeFi dissimilar services and the offered low fees leveling profit
