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Bybit announces Perp Protect feature to insure USDT and USDC perpetual trades
Bybit has highlighted its Contract insurance feature ('Perp Protect'), which allows traders to pay a fixed premium to maintain open positions on perpetual contracts and receive compensation if the market moves against them.
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Bybit has provided detailed information on its 'Perp Protect' Contract insurance feature, which enables traders to pay a fixed premium to insure open perpetual positions against adverse market movements. According to official guidance, Perp Protect can be activated directly from the trading interface for select USDT and USDC perpetual pairs, with terms such as protection range, premium, and expiry recommended algorithmically.
Coverage is implemented via options strategies tied to the chosen position size and holding period, and the maximum potential loss is limited to the paid premium. Payouts are calculated based on the market's movement relative to the strike price at expiry, and protection remains valid even if the insured position is liquidated before settlement.
Bybit is a cryptocurrency exchange focused on derivatives trading, offering a proprietary, user-friendly platform with integration to TradingView for market analysis and execution. It supports trading in futures and perpetual contracts with leverage up to 100x, copy trading in both derivatives and spot markets, and features such as an order book, instant deposits/withdrawals, and a crypto debit card. For more detailed information, visit the broker profile on Traders Union.
For more background, our earlier news about Bybit highlighted key features such as the Bybit Card, Bybit Pay, and AI Hub, along with its offerings in trading and fiat transactions. You can learn more in the previous Bybit update on Traders Union.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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