Bybit Introduces New Trading Features: Quarterly Futures, Sub-Accounts & MT4
Bybit is celebrating its third anniversary by introducing a range of new trading tools for its clients. The platform has attracted a user base of more than 1 million people and is continuing to grow its presence in the crypto markets. It will be offering quarterly futures contracts, sub-accounts, in addition to new ways to trade with the industry-standard Metatrader 4.
The crypto trading world is expanding, and Bybit has been able to use its top-tier trading tools to attract a loyal group of crypto traders. The company is continuing to work on making trading more efficient, and its decision to include MT4 is a positive sign for the crypto markets.
Bybit Co-Founder and CEO Ben Zhou commented,
“At Bybit, we are continually looking at ways we can improve the services we offer…As we embark on our third year, the introduction of these new products and features really strengthens our value proposition, and takes crypto derivatives trading to the next level.”
Great New Tools from Bybit
The introduction of MT4 to Bybit’s platform may be a great new way for the company to attract traders.
MT4 is widely used in the FOREX trading industry, and there are a wide variety of trading assistants that work with the platform. As more traders look to crypto as a way to expand their trading options, the ability to use MT4 will likely be a welcome addition for existing FOREX traders.
The new futures contracts Bybit is introducing also have some great features.
According to the company,
“The quarterly futures contracts do not require funding fee. Traders can hold their positions free of charge for as long as the contracts are still in effect. Bybit draws capital from the insurance fund built by BTCUSD perpetual contracts to cover users’ negative equity on quarterly futures contracts, thus removing the need for auto-deleveraging (ADL). Traders can utilize one-way or hedge mode, with locked positions immune to liquidation. Quoted in USD but settled in BTC, quarterly futures have a risk limit base value of 150 BTC, a maximum order size of 1,000,000, and available leverage of up to 100x…Two contracts will be offered at launch on Nov. 30 — BTCUSD1225, settling on Dec. 25, 2020, and BTCUSD0326, settling on March 26, 2021. Three further contracts — BTCUSD0625, BTCUSD0924, and BTCUSD1224 — will list on Dec. 11, 2020, March 12, 2021, and June 11, 2021, and settle on June 25, Sept. 24, and Dec. 24, 2021, respectively.”
The Need for More Trading Options
While crypto has been becoming more popular, there are more issues surrounding trading with leverage, and the use of futures in general. The US exchange Coinbase recently had to suspend any margin trading, as there is a tremendous amount of gray area in futures trading regulations in the USA.
Investors will need access to standard trading tools, including leveraged futures contracts.
As a global trading platform, Bybit is able to offer leveraged trading tools to its clients and isn’t going to be affected by the same regulations that are crushing Coinbase’s institutional leveraged trading operations. Traders need to know that they will have access to sustainable trading tools, and that is exactly what Bybit has created for its clients.
Bybit has successfully created and maintained a robust trading platform, and now that more institutional investors are entering the space, the depth of trading tools offered by the company will likely attract more traders that want flexible futures contracts, and solid trading tools.
The company offers trading accounts to both retail and institutional traders, so no one is excluded from using the platform. For more information about Bybit, or if you want to learn more about the substantial amount of futures contracts it offers, please click here for more information.
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