Cryptocurrency derivatives exchange Bybit has announced the addition of three new USDT trading pairs with Cardano (ADA), Polkadot (DOT) and Uniswap (UNI).
According to a press release shared with FortuneZ, the Singapore-based exchange has introduced new trading pairs in an effort to expands its altcoin selection for clients. The new crypto-assets join Bybit’s selection of USDT trading pairs, in addition to the platform’s inverse perpetual and futures markets.
Clients can utilize Bybit’s trading options to select 1-25x leverage on the new contracts. The exchange also offers USDT-margin linear contracts for traders to use the stablecoin tether as collateral, thereby profiting off of volatility while limiting their exposure to falling prices.
Ben Zhou, co-founder and CEO of Bybit said of the new additions: “We are delighted to be able to bring these highly demanded coins to our trading platform and offer our customers even more choices. 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.”
Bybit, first launched in March 2018, is a derivatives cryptocurrency trading platform that allows online services for international retail clients in addition to professional traders.