Bybit Announces New Listing of TURTLEUSDT Perpetual Contract
Bybit, a leading cryptocurrency exchange, has just announced the listing of the TURTLEUSDT Perpetual Contract in the Innovation Zone. This new financial instrument offers an exciting opportunity for both retail and institutional investors looking to leverage their positions in the crypto market. Here’s everything you need to know about this newly launched contract.
Key Features of the TURTLEUSDT Contract
| Feature | Details |
|———————|——————|
| Contract Type | USDT Perpetual |
| Settlement Asset| USDT |
| Tick Size | 0.0001 |
| Maximum Leverage| Up to 25x |
| Funding Rate | +/- 2% |
| Trading Hours | 24/7 |
What is a Perpetual Contract?
A perpetual contract is a type of derivative that lets traders speculate on the price of cryptocurrencies without worrying about expiry. This flexibility makes it an attractive option for those looking to capitalize on short-term market movements.
Why Invest in TURTLEUSDT?
The TURTLEUSDT contract is being launched in Bybit’s Innovation Zone, which is designed for new and innovative tokens, often involving higher risk—but also potentially higher rewards. Here are a few reasons why you might consider investing in this contract:
- High Leverage: With up to 25x leverage, traders can maximize their exposure, allowing for greater potential profits (and losses).
- Dynamic Opportunities: The perpetual nature of the contract means that investors can trade continuously, capitalizing on market volatility
- Access to Unique Tokens: As part of the Innovation Zone, investors can access emerging and high-potential tokens that might not be available on traditional exchanges.
Trading Fees and Conditions
It is important to note that the TURTLEUSDT contract will involve higher trading fees compared to standard contracts. Traders are encouraged to review the Bybit FAQ specifically addressing trading in the Innovation Zone to understand the associated costs and conditions.
How to Access TURTLEUSDT on Bybit
To start trading the TURTLEUSDT Perpetual Contract, users can simply log into their Bybit accounts and navigate to the Derivatives section. Here’s a quick guide:
- Log In to your Bybit account.
- Go to the Derivatives section.
- Select TURTLEUSDT from the list of contracts available.
- Begin trading with the desired leverages and position sizes.
Conclusion
The listing of the TURTLEUSDT Perpetual Contract on Bybit is a significant milestone for both the exchange and the cryptocurrency market. With high leverage and the potential for significant gains, this contract is tailored for savvy investors willing to engage with higher risks. As always, we remind our traders to do their own research and consider their risk tolerance before investing.
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