Leading crypto derivatives trading platform Bybit is launching three new USDT trading pairs. Going forward, Bybit users will have access to UNI, DOT, and ADA as USDT-margined perpetual contracts. Traders will be free to choose between 1x and 25x for trading the new pairs.
This is the second time such additions have been made for high-demand cryptocurrencies in the last few weeks. Bybit is working towards bringing the best assets to its platform for its customers to get more options. The three assets were chosen because of their potential to grow due to their anonymity, scalability, and decentralized trading. All these characteristics have become critical in the current cryptocurrency ecosystem, which could be what is driving their current growth.
According to Bybit CEO and Co-Founder Ben Zhou, the choice of the three assets will maintain Bybit’s high liquidity.
“We are delighted to be able to bring these highly demanded coins to our trading platform and offer our customers even more choices. Bybit is well known for our outstanding liquidity. We have done extensive research and preparation to make sure that the markets of these new trading pairs will be no exception.”
Bybit is one of the top cryptocurrency exchanges by trading volume. For derivatives trading, it ranks even higher for its wide range of inverse perpetual, linear perpetual, and futures markets. With the new addition, traders will have more options for trading derivatives.
All three cryptocurrencies have shown significant growth recently. ADA became the third cryptocurrency by market cap recently, replacing BNB. Both DOT and UNI have also joined the top ten cryptocurrencies, driven mostly by their revolutionary technologies. A combination of such assets with USDT, one of the most traded digital assets, could significantly boost traders’ returns on trades.
The additions will also widen Bybit’s reach in the derivatives market and give more customers the opportunity to trade these top assets.