Bybit Adds SYS Perpetual Futures to its Platform with Ample Leverage
CryptoNewsTerminal Staff20 Aug, 2024
Bybit Adds SYS Perpetual Futures to its Platform with Ample Leverage
Bybit, a prominent cryptocurrency exchange, has announced the listing of SYS perpetual futures contracts with leverage of up to 25x. This new offering provides traders with an efficient and versatile way to gain exposure to the SYS market. Perpetual futures mimic the behavior of traditional futures contracts but offer certain distinct advantages. One significant advantage is that perpetual futures do not have an expiry date, allowing traders to retain their positions as long as desired. Moreover, these contracts offer higher levels of leverage compared to spot trading, enabling traders to amplify their potential profits. This latest move by Bybit reflects its commitment to expanding its offerings and catering to the evolving needs of its traders. The addition of SYS perpetual futures provides traders with an opportunity to capitalize on price movements of SYS by utilizing leverage and benefiting from the liquidity and reliability of the Bybit platform.
