Claim BonusBybit Launches New Futures Contracts to Expand Its Derivatives Offerings
Since its launch in 2018, the European cryptocurrency derivatives exchange Bybit has attracted more than one million users to its platform. It has also expanded its services consistently. As part of the expansion of its services, Bybit is now adding quarterly futures contracts and sub-accounts to its platform. Besides, the exchange is also integrating with the white label foreign exchange trading platform MetaTrader 4 (MT4).
The launch of these services and the integration with MT4 comes as Bybit celebrates its third anniversary. The Bybit CEO Ben Zhou expects that these services will further improve Bybit’s crypto derivatives trading experience for its users. Their integration with MT4 is expected to allow more forex traders to diversify their portfolio by investing in the digital assets market.
Bybit’s new futures contract offers maximum leverage of up to 100x with the highest order size of $1 million. The contracts will not have a funding fee and will allow users to hold their positions for free throughout the term of the contract.
The BTCUSD quarterly futures contracts will allow Bybit users to buy or sell the underlying cryptocurrency Bitcoin (BTC) at a predetermined future price. More specifically, the exchange will launch BTCUSD1225 and BTCUSD0326 on November 30, 2020. The former will settle on December 25, 2020, while the latter will settle on March 26, 2021.
The exchange will also launch three new futures contracts under the ticker BTCUSD0625, BTCUSD0924, and BTCUSD1224 on December 11, 2020, March 12, 2021, and June 11, 2021. They are scheduled to settle on June 25, September 24, and December 24, 2021, respectively.
Bybit’s sub-accounts feature will allow both retail and institutional investors to create new accounts that are directly linked with their primary accounts. These accounts may represent different traders and utilize different trading strategies. Bybit believes that sub-accounts will allow institutional players to provide individual accounts to their employees that have only limited access to trading activities.
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