Bybit, the world’s second-largest cryptocurrency exchange by trading volume, announced its latest product: Bybit Pre-Market Perpetuals. Now users can trade perpetual contracts on upcoming tokens, allowing them to speculate on future values before the tokens are officially launched.

Pre-Market Perpetuals are designed to offer early access to promising new contracts. This helps users avoid potential entry cost increases due to price volatility at launch. 

Traders can place orders with up to 5x leverage before the contract is officially listed. If they match the specified price, orders are executed at the opening price upon a successful opening, and the position is seamlessly transferred to the new contract after the perp is listed – a unique benefit compared to Bybit’s competitors.

“Bybit is always looking to innovate and offer our users the best trading tools available,” said Joan Han, Sales & Marketing Director of Bybit. “Pre-Market Perpetuals provide early access to new tokens, allowing our users to hedge spot positions and secure profits effectively. We believe this product will set a new standard in the crypto trading landscape.”

The ability to hedge spot positions with Pre-Market Perpetuals is a significant advantage for traders. If a trader has adopted a short-selling strategy or engaged in Pre-Market Spot Trading, they can hedge with Pre-Market Perpetuals to minimize risks. This feature ensures that traders can secure profits and protect their investments.

Bybit’s introduction of Pre-Market Perpetuals is another innovation from a market leader that has won significant market share. Due to its superior UX and products, Bybit has become the second-largest crypto exchange across spot and derivatives markets. Pre-Market Perpetuals gives opportunities for early access and risk management and reinforces Bybit’s position as a trailblazer in the cryptocurrency market.

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