Bybit Launches Bybit Odds for Crypto Trading

Bybit, the world's second-largest cryptocurrency exchange by trading volume, has introduced a new trading product called Bybit Odds. This innovative Price View Contract allows users to trade on the future price movement of Bitcoin (BTC) and Ethereum (ETH) with fixed returns and a defined amount at risk, without the need for leverage or liquidation.

Bybit Odds provides a simpler and more straightforward way for traders to participate in crypto price movements. Users can select a price view, choose the amount of USDT to allocate, and see the potential return before confirming the trade. Unlike conventional leveraged products, Bybit Odds does not use leverage, and positions are not subject to liquidation. This feature ensures that traders can determine their exposure at the point of entry without the risk of margin calls.

The product is available through three trading formats for BTC and ETH: - Up/Down: Users can bet on whether the price will be higher or lower at the end of the selected period. - Price Target: Users can bet on whether the price will be above or below a specified price at expiry. - Price Range: Users can bet on whether the price will remain within or move outside a specified price range at expiry.

Available trading periods range from five minutes to seven days, covering both short-term and longer-duration price views. The return for each Bybit Odds trade is displayed before the order is placed, and users can start with an allocation of 5 USDT. The amount allocated to a trade represents the maximum amount at risk for that position.

Bybit Odds is integrated with Bybit's Unified Trading Account (UTA) and is available on both the web and mobile app. Users can access the product through their existing Bybit account and use USDT from their UTA. The product is supported by institutional market makers, providing liquidity for available contracts and facilitating pricing within the Bybit trading environment.

The launch of Bybit Odds expands the range of trading products available on the platform, giving users another way to participate in crypto price movements alongside Bybit's existing spot and derivatives markets. Bybit continues to innovate and provide new tools for traders to navigate the cryptocurrency market.

Bybit Odds is now available on Bybit Web and App.