Bybit Introduces Fixed-Payout Contracts for Bitcoin and Ethereum
- Bybit has launched Bybit Odds, a fixed-payout product for predicting Bitcoin and Ethereum price movements.
- The product offers three contract formats—up/down, target price, and price range—with durations from five minutes to seven days.
- Users can start with a minimum position size of just 5 USDT, knowing their maximum risk upfront without the threat of liquidation.
- No margin calls are involved, allowing users to predict price direction without leverage risks.
- The product integrates with Bybit’s Unified Trading Account (UTA), enabling seamless use of USDT from existing accounts.
The introduction of Bybit Odds allows users to engage in trading activities with predefined risks, enhancing accessibility for those wary of traditional leveraged trading methods. Institutional market makers will provide liquidity for these contracts, contributing to pricing on the platform.
With this launch, Bybit aims to expand its offerings beyond spot trading and derivatives, providing a new tool for users interested in cryptocurrency predictions without the complexities of leverage. (Source)
