Bybit has launched Bybit Odds, a new Price View Contract that allows users to trade future price movements of Bitcoin (BTC) and Ethereum (ETH) with fixed returns and a defined amount at risk.
The new product provides an alternative to conventional leveraged trading products. Users can select their price view, choose the amount of USDT they want to allocate and see the potential return before confirming a trade.
Bybit Odds does not use leverage, and positions are not subject to liquidation. This gives users a simpler way to participate in crypto price movements without having to manage a leveraged position.
Three Trading Formats for BTC and ETH
Bybit Odds is initially available for BTC and ETH through three Price View Contract formats. The first is Up/Down, where users take a view on whether the price will be higher or lower at the end of a selected period.
The second format is Price Target, which allows users to take a view on whether the asset price will be above or below a specified price when the contract expires.
The third format is Price Range. Here, users take a view on whether the price will remain within or move outside a specified price range at expiry.
Trading Periods Range From 5 Minutes to 7 Days
Bybit Odds supports different trading periods covering both short-term and longer-duration price views.
Users can select periods ranging from five minutes and 15 minutes to seven days, depending on the available contract.
Defined Exposure and Fixed Returns
The potential return for each Bybit Odds trade is displayed before the order is placed. Users can start with an allocation of 5 USDT, while the amount allocated to a trade represents the maximum amount at risk for that position.
Since Bybit Odds does not use leverage, positions are not subject to liquidation or margin calls associated with leveraged trading. Users can therefore determine their exposure when entering a trade rather than adjusting margin as the underlying asset price changes.
Bybit Odds Integrated With Unified Trading Account
Bybit Odds is integrated with Bybit’s Unified Trading Account (UTA) and is available on both the web platform and mobile app.
Users can access the product through their existing Bybit account and use USDT from their UTA. This keeps the new trading format within Bybit’s existing account infrastructure.
Institutional Market Makers Support Liquidity
The new Price View Contract product is supported by institutional market makers, which provide liquidity for available contracts and facilitate pricing within the Bybit trading environment.
The integration allows Bybit Odds to operate within the exchange’s existing trading environment while offering users another format for participating in crypto price movements.
Bybit Odds Expands Crypto Trading Options
With the launch of Bybit Odds, the exchange is adding another trading format alongside its existing spot and derivatives markets.
The product allows users to take views on BTC and ETH price movements through Up/Down, Price Target and Price Range contracts, with fixed returns and a defined amount at risk.
Bybit Odds Availability
Bybit Odds is now available on Bybit Web and App. Users can access the product through their existing Bybit account and trade available BTC and ETH Price View Contracts using USDT from their Unified Trading Account.
Also read – Bybit AI Goes Live to Bring Trading and Customer Support Into One Chat Interface
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