Bybit launches BOTUSDT USDT-settled perpetual contract with up to 20x leverage

Bybit launches BOTUSDT USDT-settled perpetual contract with up to 20x leverage
Bybit lists new BOTUSDT perpetual contract

Bybit has announced the listing of a new USDT-settled perpetual contract for Robostrategy Inc (ticker: BOT) under the symbol BOTUSDT, offering up to 20× leverage and integration with its automated trading tools.

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Bybit has officially launched a new USDT-settled perpetual contract for Robostrategy Inc (BOT), trading under the symbol BOTUSDT. According to the announcement, this linear contract offers a maximum leverage of 20×, features a tick size of 0.01, and caps the funding rate at 2.5% with settlements occurring every eight hours.

Trading is available 24/7 and the BOTUSDT contract is compatible with Bybit’s automated trading bots, including Futures Grid, Martingale, and Combo strategies. The broker notes it may adjust contract parameters such as leverage, margin rates, and funding rates at its discretion, and provides customer support for related inquiries.

Bybit is a cryptocurrency exchange specializing in derivatives trading, offering instruments such as futures and perpetual contracts on a proprietary, TradingView-integrated platform. It supports up to 100x leverage, provides copy trading for both derivatives and spot markets, and includes features like 24/7 customer support, a crypto debit card, and instant deposits and withdrawals. For more details, read the broker profile on Traders Union.

For more details on Bybit's ongoing Card Matching Challenge and its substantial prize pool, see the earlier news about Bybit. previous Bybit update on Traders Union.

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