Cryptocurrency exchange Bybit has introduced a new feature that allows users to trade major global stocks using USDT.
New Stock Trading Feature
Bybit now offers users the ability to trade 78 well-known stocks, including companies like Apple, Tesla, Meta, Amazon, and Nvidia. This has become possible due to the addition of a new feature in the Gold & Forex (MT5) platform, which allows users to bypass traditional banking channels.
Details on Trading via CFDs
Trading is conducted through Contracts for Difference (CFDs), meaning that users do not actually buy the stocks but bet on their price movements. Bybit offers leverage of up to 5x for these stocks, allowing traders more flexibility to manage their positions. Trading is available 24/5, with swap conditions varying by stock.
Bybit's Strategy Amid Market Changes
The introduction of this feature comes at a time when cryptocurrency users are seeking easier ways to access traditional markets. The new functionality allows trading in stocks and gold through a single platform, enhancing Bybit's image as a comprehensive trading hub.
The new stock trading feature on Bybit opens up new investment opportunities for users and makes the transition between cryptocurrencies and traditional markets easier.
