RCS - Bybit - Bybit Launches Leveraged Token Products

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19/04/2022 08:45

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RNS Number : 5556I  Bybit  19 April 2022

 Bybit / Key word(s): Cryptocurrency / Blockchain

Top Crypto Platform Bybit Launches Leveraged Token Products

08.04.2022 / 14:15

The issuer is solely responsible for the content of this announcement.

 Top Crypto Platform Bybit Launches Leveraged Token Products

 DUBAI, UNITED ARAB EMIRATES - Media OutReach (http://www.media-outreach.com/)
  - 8 April 2022 - Bybit, one of the world's fastest growing cryptocurrency
 exchanges, announced the launch of leveraged token products on its spot
 exchange starting with two Bitcoin leveraged tokens, BTC3L and BTC3S.

 These leveraged tokens are short-term investment vehicles that let traders
 reap the benefits of leverage with no margin, collateral or liquidation risks.
 They have no margin requirement, offering traders a diversified product that
 exposes them to greater gains.

 In a prominently bull or bear market, leveraged tokens are popular as a
 diversified trading product that can help make the most out of a volatile
 market. Each leveraged token is a basket of perpetual contract positions that
 can be traded on Bybit's spot exchange. Now, traders can simply buy a
 leveraged token for exposure to leveraged trades with no fear of margin calls
 or liquidation.

 Bybit's new leveraged tokens, BTC3L and BTC3S and BTC3, represent long and
 short trades on BTC with 3x leverage. So, if BTC moves 1% in a day then BTC3L
 would move 3% for example.

 Bybit recommends leveraged tokens as short-term investments. To help users
 fully understand the product, the platform has more on Bybit Leveraged
 Tokens here
 (https://help.bybit.com/hc/en-us/articles/4408333364505-Introduction-to-Bybit-Leveraged-Tokens)
 .

 "We are thrilled to offer our clients another great trading opportunity in
 launching leveraged tokens," said Ben Zhou, co-founder and CEO of Bybit. "We
 are always looking for ways to help our users capitalize on market
 opportunities, and leveraged tokens are an excellent addition."

 About Bybit

 Bybit is a cryptocurrency exchange established in March 2018 that offers 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, an NFT marketplace 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. Bybit is a proud
 partner of Formula One racing team, Oracle Red Bull Racing, esports teams
 NAVI, Astralis, Alliance, Virtus.pro and Oracle Red Bull Racing Esports, and
 association football (soccer) teams Borussia Dortmund and Avispa Fukuoka.

 For media inquiries, please contact: press@bybit.com (mailto:press@bybit.com)

 For more information please visit: https://www.bybit.com/
 (https://go.bybit.com/e/HocplBrbLfb)

 For updates, please follow Bybit's social media platforms on

 https://discord.com/invite/bybit (https://discord.com/invite/bybit)
 https://www.facebook.com/Bybit (https://www.facebook.com/Bybit)
 https://www.instagram.com/bybit_official/
 (https://www.instagram.com/bybit_official/)
 https://www.linkedin.com/company/bybitexchange/
 (https://www.linkedin.com/company/bybitexchange/)
 https://www.reddit.com/r/Bybit/ (https://www.reddit.com/r/Bybit/)
 https://t.me/BybitEnglish (https://t.me/BybitEnglish)
 https://www.tiktok.com/@bybit_official
 (https://www.tiktok.com/@bybit_official)
 https://twitter.com/Bybit_Official (https://twitter.com/Bybit_Official)
 https://www.youtube.com/c/Bybit (https://www.youtube.com/c/Bybit)

 08.04.2022 Dissemination of a Corporate News, transmitted by DGAP - a service
 of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements,
 Financial/Corporate News and Press Releases.
 Archive at www.dgap.de

1324271  08.04.2022

 

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