Bybit Odds Unveiled: A New Trading Product for Crypto Market Viewers
Bybit Odds is a trading product that allows users to take a view on crypto price movements without leverage. To trade Bybit Odds, users need a verified Bybit account with a funded Trading Account and at least 5 USDT per contract. There are three contract types: Up/Down, Price Target, and Price Range.
The Up/Down contracts settle against the live index at expiry, while Price Target and Price Range use a 30-minute time-weighted average price (TWAP). Contracts settle automatically at expiry with no early exit, and the potential return is shown before confirmation. The final payout ratio locks when the order matches.
Users can place trades on web or app, selecting an asset (BTC or ETH), choosing an expiry time, picking a direction (Up or Down for Up/Down contracts), entering their amount, and optionally setting Order Protection. The economic calendar is also available to provide additional market context.