ByBit to Launch TAIKO Perpetual Futures on June 5
CryptoNewsTerminal Staff04 Jun, 2024
ByBit to Launch TAIKO Perpetual Futures on June 5
ByBit, a prominent cryptocurrency exchange, has declared the impending launch of TAIKO/USDT perpetual futures on June 5, 10 pm (KST), as reported on its official website. This move aligns with ByBit's commitment to offering diverse trading options to its users. TAIKO is a novel blockchain project that aims to establish a decentralized autonomous organization (DAO) framework for the gaming industry. Its native token, TAIKO, facilitates various use cases within the ecosystem, including governance, staking, and in-game purchases. By listing TAIKO perpetual futures, ByBit provides traders with an opportunity to speculate on the price movements of TAIKO against USDT. These futures contracts offer leverage, enabling traders to amplify their potential profits while managing risk. The introduction of TAIKO perpetual futures on ByBit is expected to enhance the platform's offerings and cater to the growing demand for innovative trading products within the cryptocurrency market.
