Bybit Announces MAGMAUSDT Perpetual Contract Listing

Bybit Announces MAGMAUSDT Perpetual Contract Listing

user avatar

by Gustavo Mendoza

10 months ago

Made with AI

Bybit is set to enhance its offerings in the decentralized finance (DeFi) space with the introduction of the MAGMA/USDT Perpetual Contract. Scheduled for launch on December 26, 2025, this new contract will allow traders to leverage their positions up to 25 times. Based on the data provided in the document, this move is expected to attract a significant number of new users to the platform.

Bybit's Innovation Zone Listing

The listing will take place in Bybit's Innovation Zone, a section dedicated to new and innovative trading products.

Market Reaction and Investor Caution

While this move signals Bybit's commitment to expanding its DeFi portfolio, the market's reaction remains uncertain. Investors are expressing caution due to the absence of confirmed data and endorsements from reputable sources regarding the MAGMA/USDT contract.

Speculation and Investment Decisions

As speculation grows, many are waiting for further clarity before making investment decisions.

Bybit recently introduced a one-click Mantle Vault feature to enhance yield generation for users, contrasting with its upcoming MAGMA/USDT Perpetual Contract. For more details, see more.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Plex Media Server Vulnerabilities Exploited for Cryptojacking

Attackers are exploiting vulnerabilities in Plex Media Server to install unauthorized cryptocurrency miners and a Linux proxy backdoor.

user avatarTomas Novak

Super League Shareholders Approve Metaplanets Bitcoin Treasury Proposal

Super League shareholders approved a proposal for Metaplanets to contribute 2,100 BTC and $25 million to a new US-listed Bitcoin treasury platform.

user avatarKaterina Papadopoulou

Sophon Sets Withdrawal Deadline Ahead of Mainnet Shutdown

Sophon has set a deadline for users to withdraw their assets by November 25 ahead of the shutdown of its standalone chain.

user avatarMaya Lundqvist

Large Hyperliquid Trader Rebuilds Ethereum Short After Significant Losses

A trader on Hyperliquid rebuilt a substantial Ethereum short position worth approximately $16 million after incurring losses of around $469,000.

user avatarLeo van der Veen

Tron Surpasses Ethereum and Solana in Blockchain Fee Revenue

Tron has generated approximately $234 million in chain revenue over the past 30 days, surpassing Ethereum and Solana.

user avatarLi Weicheng

New Reporting Requirements Proposed for Crypto Holders in France

A proposed amendment would require crypto holders to declare self-custodied assets worth over €100,000, with penalties for non-compliance.

user avatarTenzin Dorje

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.