Bybit expands trading with GPS/USDT perpetual contract
Bybit enhances crypto trading opportunities
Bybit, one of the world’s leading cryptocurrency exchanges, has announced the launch of the GPS/USDT Perpetual Contract in its Innovation Zone, offering traders up to 20x leverage.
This addition expands Bybit’s diverse derivatives portfolio, providing more opportunities for traders to engage with new and emerging assets.
GPS/USDT Perpetual Contract details
The GPS/USDT Perpetual Contract is now available for trading on Bybit, allowing users to trade with higher leverage while maintaining the flexibility of perpetual contracts. Unlike traditional futures, perpetual contracts do not have an expiration date, enabling traders to hold positions indefinitely.
However, since this contract is part of Bybit’s Innovation Zone, it comes with higher trading fees compared to standard contracts. This reflects the exchange’s risk management approach for newly introduced assets that may exhibit higher volatility and market fluctuations.
Important trading considerations
Bybit has emphasized that it reserves the right to modify key contract parameters, ensuring a smooth trading experience and adapting to market conditions. These potential adjustments may include:
- Launch timing changes based on liquidity and demand
- Minimum price increments for improved pricing accuracy
- Leverage modifications to align with risk management policies
- Initial and maintenance margin adjustments for enhanced security
Why trade in Bybit’s Innovation Zone?
Bybit’s Innovation Zone is designed for traders seeking exposure to high-growth and speculative assets. This section of the platform frequently lists new and trending cryptocurrencies, offering early access to potentially high-reward trading opportunities.
However, trading in the Innovation Zone requires greater risk management, as assets listed in this category may experience higher volatility than more established cryptocurrencies.
Customer support and further information
Bybit encourages users to stay informed about updates regarding GPS/USDT and other contract listings. Traders with questions or concerns can reach out to Bybit’s Customer Support for assistance.
With this latest addition, Bybit continues to enhance its trading ecosystem, reinforcing its position as a leading exchange for innovative crypto derivatives.
Previously, Bybit launched the "Derivative Frosty Fortune" promotion, inviting traders to compete for a share of the $20,000 reward.
