Bybit launches pre-market perpetuals for early trading

Bybit has launched a new premarket product: Bybit Premarket Continuouss.

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has introduced this product that allows investors to speculate on the future value of upcoming tokens ahead of their official launch.

Once the token is listed, users can place orders with up to 5x leverage and execute trades at the opening price, giving them an advantage over competitors who typically only offer 2x to 3x leverage in pre-market trading.

“Pre-Market Continuous Trading provides early access to new tokens, allowing our users to hedge their spot positions and effectively lock in their profits,” said Joan Han, Bybit’s Director of Sales and Marketing.

Pre-market continuities

The option to hedge spot positions using Pre-Market Perpetuals provides a valuable advantage to traders. If a trader is using a short selling strategy or is participating in Pre-Market Spot Trading, they can use Pre-Market Perpetuals to hedge their positions and reduce their risk. This ability allows traders to lock in profits and protect their investment.

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 – in this case, Bybit.

Bybit’s pre-market perpetual options launch aims to strengthen the company’s position in the market, providing its 37 million users with an enhanced user experience and advanced trading tools.