Bybit Introduced New Way to Trade Bitcoin and Ethereum without Leverage or Liquidations

• Bybit has launched Bybit Odds to predict Bitcoin and Ethereum price movements.
• Users can choose from three contract formats and set the maximum trade risk in advance.
• The minimum trade size is 5 USDT, and positions come with no leverage and no liquidation.

The cryptocurrency platform Bybit has launched Bybit Odds — a new type of fixed-payout contract tied to Bitcoin and Ethereum price movements. The product is already available on the exchange’s website and app, allowing users to bet on future price direction without leverage or liquidation risk. The potential payout and maximum risk amount are set before opening a trade. Exchange representatives told the Incrypted team about this in a press release.

Three Сontract Аormats

Bybit Odds offers three types of contracts tied to the price movement of the first and second cryptocurrencies:

• Up/down — the user chooses whether the asset’s price will be higher or lower at the end of a specified period
• Target price — the user needs to predict whether the price will exceed a set level at expiry
• Price range — the user determines whether the price will stay within a заданому range or break out of it

Contract durations range from five minutes to seven days. Before confirming a trade, the trader sees the potential payout and can set the amount in USDT. The minimum position size is 5 USDT, and the amount allocated to the contract is the maximum risk amount.