Summary
- Bybit expanded its links with traditional assets by launching perpetual futures tied to US stocks.
- The exchange introduced 20 perpetual futures contracts linked to major technology stocks including Tesla, Apple, Nvidia, Amazon, Google and Microsoft.
- The products use USDT as margin and allow 24-hour trading in long and short positions, putting the focus on a period of short-term volatility for large-cap technology stocks.
Crypto exchange Bybit has launched perpetual futures products tied to US stocks, expanding its links with traditional assets.
Bybit introduced perpetual futures contracts for 20 stocks, crypto media outlet BlockBeats reported on April 27. The lineup includes major technology names such as Tesla, Apple, Nvidia, Amazon, Google and Microsoft.
The products use Tether's USDT as margin, allow both long and short positions, and support 24-hour trading.
The launch coincides with a heavy stretch of first-quarter earnings reports from major technology companies. Apple, Microsoft, Amazon and Google are among the large-cap tech firms scheduled to report, setting up a period of heightened short-term volatility.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
