Bybit has officially launched the perpetual contract FRAGUSDT on the innovation platform, allowing users to margin trade with leverage up to 12.5 times.
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Bybit launches the perpetual contract FRAGUSDT in the innovation category.
The contract supports a maximum leverage of up to 12.5 times.
What new product has Bybit introduced on the platform?
According to an official statement from Bybit in early July 2024, this exchange launched the perpetual contract FRAGUSDT in the innovation category.
This is a derivative contract that allows investors to access a new asset type in the cryptocurrency market, showcasing Bybit's continuous creativity in enhancing the trading experience.
How much maximum leverage does the FRAGUSDT contract support?
FRAGUSDT offers leverage of up to 12.5 times, helping investors increase capital efficiency in short-term or long-term investment strategies.
This leverage level is relatively high compared to many other perpetual contracts, allowing users to flexibly optimize profits when the market experiences strong fluctuations.
“The expansion of the perpetual contract portfolio with high leverage like FRAGUSDT reflects Bybit's commitment to diversifying products and meeting the increasingly diverse needs of investors.”
Mr. Karl Hao, Bybit Product Development Director, 2024
What is the reason for the FRAGUSDT contract being placed in Bybit's innovation category?
The introduction of FRAGUSDT in the innovation category indicates that this is a new product with potential to experiment with unique trading features or apply advanced technologies.
The innovation area is often reserved for assets or products that are not widely popular, helping users quickly and safely access new trends in the cryptocurrency market.
What impact does the launch of FRAGUSDT have on the cryptocurrency market?
This new product expands choices for investors, especially those looking to leverage the power of leverage to maximize profits from price fluctuations.
According to the 2023 Cryptocurrency Market Report by Crypto Research Report, derivative contracts with moderate to high leverage tend to attract large amounts of liquidity and trading, contributing to increased liquidity and reduced spreads on exchanges.
“New products like FRAGUSDT not only attract professional traders but also enhance the exchange's competitiveness in the rapidly growing derivatives market.”
Dr. Linh Tran, Cryptocurrency Market Analyst, 2024
Notes when trading the FRAGUSDT perpetual contract with high leverage
Leverage of 12.5 times helps amplify profits but also significantly increases the risk of losses when the market goes against predictions.
Investors need to have in-depth knowledge of risk management, technical analysis skills, and strong psychology to effectively utilize this product.
Comparison table of FRAGUSDT perpetual contract features with some popular contracts
Contract Maximum Leverage Underlying Position Key Features FRAGUSDT (Bybit) 12.5 times Innovation Category High leverage, new asset, advanced trading experience BTCUSDT 100 times Official Popular, large liquidity ETHUSDT 50 times Official Good liquidity, stability
Frequently Asked Questions
What is the perpetual contract FRAGUSDT? It is a new cryptocurrency derivative product on Bybit, allowing continuous trading without an expiration date. Why should we pay attention to the leverage level when trading? Leverage helps amplify profits but also increases the risk of losses; effective capital and risk management are necessary. How to trade FRAGUSDT safely? It is advisable to use risk management strategies and only use capital that matches one's risk tolerance. What is different about the innovation category on Bybit? This area is reserved for new, potential products, allowing users to experience unique technologies and assets.
Source: https://tintucbitcoin.com/fragusdt-ra-mat-hop-dong-vinh-vien/
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