Bybit Adds ADA, DOT and UNI to Its USDT Margined Offerings

SINGAPORE – Media
OutReach – 18 March 2021 – Cryptocurrency derivatives exchange Bybit has announced
today the arrival of three new USDT trading pairs with Cardano’s ADA,
Polkadot’s DOT and Uniswap’s UNI.

The introduction of these new trading
pairs is the second expansion of Bybit’s markets in as many weeks, following
the arrival of BTCUSD0625 futures contract on March 11. ADA/USDT, DOT/USDT and
UNI/USDT join the existing linear perpetual trading pairs of BTC/USDT,
ETH/USDT, LINK/USDT, LTC/USDT, XTZ/USDT and BCH/USDT, as well as Bybit’s
inverse perpetual and futures markets.

Traders will be able to select between
1-25x leverage on these new contracts. USDT-margined linear contracts allow
traders to use the stablecoin Tether (USDT) as collateral, so they can profit
from the volatility while limiting their exposure to falling prices.

“We are delighted to be able to bring
these highly demanded coins to our trading platform and offer our customers
even more choices,” said Ben Zhou, co-founder and CEO of Bybit. “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.”