Prime Business Africa
SINGAPORE, 23 February 2022 -/African Media Agency(AMA)/- Bybit, one of the world’s fastest-growing cryptocurrency exchanges, will soon release its USDC perpetual contracts. The new product will allow users to trade using their USDC balance on Bybit’s derivatives exchange.
Bybit’s new USDC perpetual contract will first open to whitelisted traders, allowing them to use USDC as collateral and place long or short contracts with up to 100x leverage and no expiration date.
Join our WhatsApp ChannelTaking Bitcoin perpetual as an example, traders will be able to place an order based on the quantity of Bitcoin, and calculate the margin, profit, and loss based on USDC. The new contract joins Bybit’s other perpetual offerings that accept USDT and several cryptocurrencies (BTC, ETH, EOS, and XRP) as collateral.
In a prominently bull or bear market, perpetual contracts are popular as a diversified trading product that can help make the most out of a volatile market. Bybit has released this series of articles to help users fully understand the product.
“We are excited to offer our clients another great trading opportunity in launching USDC perpetuals,” said Ben Zhou, co-founder and CEO of Bybit. “We are always looking for ways to help our users make the most of market conditions, and our USDC perpetual contracts will make an excellent addition.”
Distributed by African Media Agency (AMA) on behalf of Bybit.
About Bybit
Bybit is a cryptocurrency exchange established in March 2018 to offer a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service and multilingual community support. The company provides innovative online spot and derivatives trading services, mining and staking products, as well as API support, to retail and institutional clients around the world, and strives to be the most reliable exchange for the emerging digital asset class.
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For more information please visit: https://www.bybit.co
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Source : African Media Agency (AMA)
Prime Business Africa is a business, economy and policy news platform founded in 2021 by veteran journalist and media scholar, Dr Marcel Mbamalu, after he left The Guardian as Editor.
Dr Mbamalu, who serves as Founder and Publisher, set up Prime Business Africa to deliver sharp, data-driven reporting on Nigeria’s markets, trade, investment, and governance trends for decision-makers, entrepreneurs, and policy leaders.
He also writes The Bottom Line, a backpage column for Punch Newspaper every Thursday.
Under his leadership, Prime Business Africa combines deep newsroom experience with a focus on accountability journalism, aiming to bridge information gaps between Africa’s private sector and the global economy.
