Cryptocurrency exchange Bybit recently announced the launch of a new GUN/USDT perpetual contract, offering traders new opportunities to trade with up to 25x leverage.
Bybit Introduces GUN/USDT Contract
Bybit has expanded its offering of trading instruments by adding the GUN/USDT contract. This highlights the company's commitment to meeting the diverse needs of its global user base. The new trading tool allows traders to speculate on the price of GUN against USDT using up to 25x leverage, opening more opportunities for trading and asset management.
Understanding Perpetual Contracts
Perpetual contracts, unlike traditional futures, have no expiration date and mimic the spot market, providing the opportunity to trade with leverage. This structure allows traders to hold positions without the need for rollovers, making perpetual contracts a popular tool in the crypto derivatives market. Key features include no expiration date, use of 'mark price', funding rate system, and the ability to use leverage.
What is GUN Token?
While the focus is on the trading instrument, it is important to understand the asset you are trading. GUN token requires further research to understand its project goals, economics, capitalization, and current community activity. Conducting thorough analysis of GUN before trading will help make more informed decisions.
The addition of the GUN/USDT perpetual contract to Bybit's platform offers new opportunities for traders interested in crypto derivatives. However, it is important to remember the risks associated with leverage trading and approach it with the right level of preparation and risk management.
