Place/Date: SINGAPORE - March 18th, 2021 at 10:00 am UTC · 2 min read
Cryptocurrency derivatives exchange Bybit has announced today the arrival of three new USDT trading pairs with Cardano’s ADA, Polkadot’s DOT and Uniswap’s UNI.
The introduction of these new trading pairs is the second expansion of Bybit’s markets in as many weeks, following the arrival of BTCUSD0625 futures contract on March 11. ADA/USDT, DOT/USDT and UNI/USDT join the existing linear perpetual trading pairs of BTC/USDT, ETH/USDT, LINK/USDT, LTC/USDT, XTZ/USDT and BCH/USDT, as well as Bybit’s inverse perpetual and futures markets.
Traders will be able to select between 1-25x leverage on these new contracts. USDT-margined linear contracts allow traders to use the stablecoin Tether (USDT) as collateral, so they can profit from the volatility while limiting their exposure to falling prices.
Ben Zhou, co-founder and CEO of Bybit, said:
“We are delighted to be able to bring these highly demanded coins to our trading platform and offer our customers even more choices. Bybit is well known for our outstanding liquidity. We have done extensive research and preparation to make sure that the markets of these new trading pairs will be no exception.”
Bybit is a derivatives cryptocurrency trading platform established in March 2018. The company provides online trading services to international individual retail clients as well as professional traders.