- Bybit introduces Bybit Odds, a fixed-return contract product for price trades of Ethereum (ETH) and Bitcoin (BTC).
- Before confirming a deal, users can view prospective returns with Bybit Odds, which start at 5 USDT.
- With terms ranging from five minutes to seven days, the product includes Up/Down, Price Target, and Price Range contracts.
Bybit has launched Bybit Odds, a new fixed-return contract product that allows users to take positions on Bitcoin (BTC) and Ether (ETH) price movements without leverage or liquidation risk.
The product lets traders commit a predefined amount of USDT to a price view and see the potential return before confirming a trade. Bybit said the amount allocated to each position represents the maximum amount at risk, with contracts starting from 5 USDT.
Bybit Odds initially supports BTC and ETH and offers three contract formats: Up/Down, Price Target and Price Range. Trading periods range from as short as five minutes to seven days, giving users different ways to express short-term and longer-duration price views.
Bybit Odds Adds Fixed-risk BTC & ETH Contracts
The Up/Down format allows users to predict whether BTC or ETH will finish above or below its current price when the contract expires.
Price Target contracts let traders choose whether the underlying asset will be above or below a predetermined price at expiry. Meanwhile, Price Range contracts allow users to predict whether the asset will remain within or move outside a specified price range.
Potential returns are displayed before users place an order. Because Bybit Odds does not use leverage, positions are not subject to margin calls or liquidation. The amount committed at entry therefore defines the maximum potential loss.
The product is available through Bybit’s Unified Trading Account on both its web platform and mobile application. Existing users can use USDT held in their UTA, while institutional market makers provide liquidity and pricing for the contracts.
Bybit Expands Beyond Traditional Crypto Derivatives
The launch adds another contract format to Bybit’s growing trading ecosystem. The exchange has recently expanded into markets beyond conventional crypto derivatives, including foreign exchange and synthetic contracts linked to private companies.
On Sept. 8, Bybit introduced USDT-settled FX perpetual contracts tracking EUR/USD, GBP/USD and USD/JPY. Those products offer leverage of up to 100x and trade continuously.
Bybit also expanded its TradFi perpetual lineup beyond 200 products in August, adding synthetic contracts linked to companies including Unitree Robotics and Moonshot AI. Unlike equity ownership, the contracts provide price exposure to the referenced companies.
Bybit Odds takes a different approach by removing leverage and setting the maximum exposure at the amount committed to each contract.
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