Bybit Introduces DOP1/USDT Perpetual Futures Trading

IconCryptoNewsTerminal Staff10 Jul, 2024

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Bybit Introduces DOP1/USDT Perpetual Futures Trading

Bybit, a popular cryptocurrency derivatives exchange, announced the launch of its DOP1/USDT perpetual futures contract. This new offering allows traders to speculate on the price of Dopex (DOP1), a decentralized options protocol, against the stability of Tether (USDT). DOP1/USDT perpetual futures incorporate perpetual contracts with quarterly settlement dates. Traders can speculate on the future value of DOP1 using leverage of up to 12.5x. This enables them to magnify their potential profits while also managing risk effectively. Bybit's move to list DOP1/USDT futures aligns with its overall strategy to provide traders with access to innovative and diverse trading instruments. As the crypto ecosystem continues to expand, Bybit strives to stay at the forefront of the industry by introducing new and compelling trading opportunities for its users.

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