With the introduction of five new USDT-settled perpetual contracts linked to businesses listed on the Hong Kong Stock Exchange, Bybit, the second-largest cryptocurrency exchange in the world by trading volume, has increased the scope of its TradFi derivatives offering.
Opening access to financial markets
The recently listed products give cryptocurrency traders more exposure to significant publicly traded companies in one of Asia's biggest financial markets by tracking the share price performance of Tencent, MiniMax, Zhipu AI, Pop Mart, and GigaDevice. With leverage of up to 25x, trading for the new perpetual contracts is now open.
Additionally, Bybit's automated trading tools, such as Futures Grid, Futures Martingale, and Futures Combo bots, are compatible with the products. The recently added contracts cover a wide range of industries. Tencent is traded at 0700. One of the biggest public companies in Hong Kong, it operates in the gaming, social media, fintech, and internet services sectors.
Among China's up-and-coming AI developers are MiniMax and Zhipu AI, which both reflect the expanding AI industry that has drawn a lot of interest from investors. While GigaDevice is a semiconductor and chip design company that serves the technology industry, Pop Mart is well-known for its designer toys and intellectual property-driven collectibles business.
Bybit is extending its TradFi perpetual product suite with these additions. Out of the approximately 500 perpetual markets on the platform, the exchange currently offers about 145 perpetual contracts connected to conventional financial assets.
Expanding TradFi offerings
Traders now have access to a wider variety of equity-linked derivatives thanks to the expanded lineup, which covers a number of industries, including technology, artificial intelligence, consumer goods, and semiconductors.
Bybit's current trading fee promotion also applies to the five recently listed contracts. The program lowers trading costs for qualified participants by eliminating fees for maker orders and offering a 50% fee discount for taker orders. The launch coincides with the growing demand for TradFi perpetual products in the digital asset sector.
According to Bybit, the most recent listings are a further step in the evolution of its TradFi offering, and more products are anticipated to be released in the future.
Trading perpetual contracts carries risk, just like all leveraged derivatives. Before trading, users should carefully consider their investment goals and risk tolerance. They should also use Bybit's official channels to review the relevant terms, conditions, and regional availability.
Dan Burgin
U.Today Editorial Team
