Bybit Announces New 4USDT Perpetual Contract
Bybit has made a significant addition to its trading offerings by listing the 4USDT perpetual contract in the Innovation Zone. With leverage reaching up to 25 times, this contract offers traders an opportunity to maximize their exposure in the cryptocurrency market.
Key Features of the 4USDT Perpetual Contract
| Feature | Details |
|————————|————————|
| Contract Type | USDT Perpetual Contract |
| Contracts Available | 4USDT |
| Settlement Asset | USDT |
| Tick Size | 0.0001 |
| Maximum Leverage | 25x |
| Funding Rate | +/-2% |
| Trading Hours | 24 Hours |
Innovation Zone Trading
The 4USDT contract is classified under Bybit’s Innovation Zone, which typically involves higher trading fees compared to regular contracts. Traders should be aware of these fees and understand the risks associated with trading innovative products.
Important Considerations
- Risk Factors: Leverage trading carries significant risks. Traders must understand their risk tolerance and should utilize risk management strategies when trading perpetual contracts.
- Adjustable Parameters: Bybit reserves the right to adjust the launch time and parameters of the contract. This includes potential changes to minimum price changes, maximum leverage, and other critical factors affecting the trading experience.
How to Trade the 4USDT Contract
Interested traders can explore the contract and begin trading on Bybit by following these steps:
- Log in to your Bybit account or create a new account if you don’t have one.
- Navigate to the trading section and search for the 4USDT perpetual contract.
- Assess the market conditions and launch your trades based on your strategy.
Conclusion
The launch of the 4USDT perpetual contract expands Bybit’s offerings and provides traders with new opportunities to leverage their investments in the dynamic cryptocurrency market. As always, ensure to conduct thorough research and consider market conditions before engaging in trades.
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