Place/Date: Singapore - February 18th, 2019 at 10:53 pm UTC · 2 min read
Contact: Joseph Imbruglia, Source: Bybit
Singapore-based global derivatives exchange Bybit has announced the official release of its new 100x leverage Ethereum perpetual contract. Two months after its official launch, the company added a second pair to their already popular BTC/USD perpetual contract, a move that is sure to boost the already-growing user base and trading volume the exchange has seen surging in the last two months.
The new 100x leverage ETHUSD perpetual contract works in the same way the previous perpetual contract did with a speed matching engine processing 100,000TPS for the contract, a fully accessible ETH wallet for withdrawals and deposits, a dual price mechanism, funding, and professional risk control.
Perpetual contracts are a new type of futures contract with no expiry date, and are a part of the derivatives family. Derivatives can profit from both a surge or a drop in price depending on the position opened and can use leverage to multiply the profits earned from a trade.
Similarly, in an effort to expand and attract more day traders to its platform, the company has just added Korean as a new language on the platform. It has also intensified its effort in the Bybit Academy, a separate brand dedicated to providing the best crypto day-trading education for beginners, and has stated it will release articles, videos, comics, and analysis covering everything needed to know to enter the crypto derivatives market with knowledge and confidence.
Bybit is a global cryptocurrency derivatives exchange designed for all retail traders, professionals and investment institutions alike. Bybit aims to revolutionize today’s cryptocurrency market by combining the best of cryptocurrencies and traditional finance to bring about the industry’s safest, most reliable, fairest, and most user-friendly trading platform.
Headquartered in Singapore and registered in BVI, their founding team is made of expert blockchain investors and financial executives. Their R&D team includes experts from BAT, while their risk control and operations teams consist of specialists coming from world famous companies like Morgan Stanley.
Disclaimer: Bybit is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.