Bybit Odds Brings Simpler Crypto Trading to the Masses
Bybit has launched Bybit Odds, a new product that allows traders to trade on the future price movement of BTC and ETH without using leverage or risking liquidation. This product gives users a defined return and maximum exposure, making it an alternative to conventional leveraged products.
The launch adds to Bybit's growing range of crypto odds products available through centralized exchanges. The product is integrated with Bybit's Unified Trading Account (UTA) and is available on both Web and App. Users can access the product through their existing Bybit account and use USDT from their UTA.
Bybit Odds is initially available for BTC and ETH through three Price View Contract formats: Up/Down, Price Target, and Price Range. The return for each trade is displayed before the order is placed, allowing users to determine their exposure at the point of entry rather than adjusting margin as the underlying price moves.
Bybit Odds does not use leverage, which means positions are not subject to liquidation or margin calls associated with leveraged trading. This provides a straightforward way for traders to participate in crypto price movements without managing a leveraged position.