Latest Bybit News

In today's volatile trading landscape, even seasoned traders often find themselves guessing the market's next move. Until now, the absence of effective protection left many exposed to significant risks. 

But what if you could equip yourself with a reliable tool to mitigate these uncertainties? 

Unveiling Perp Protect: Your Trading Armor

 on Bybit, a revolutionary risk management tool designed specifically for Perpetual contract trading. 

Whether you're holding long or short positions, Perp Protect operates by automatically acquiring Options based on intelligent recommendations, offering a valuable layer of protection against potential risks.

) mechanism selects the most appropriate Options for your current positions. At the time of compensation, if the asset price goes beyond through the predetermined price line, you will be compensated accordingly.

Let's say Trader Bob holds a 1 BTCUSDT long position with 75x leverage. The entry price is 25,600 USDT and the current BTC price is 26,100 USDT.

A 24-hour Perp Protection is recommended, costing 60 USDC, with a trigger condition set for a 1.75% drop in BTC price (BTC < 25,643 USDC) within 24 hours.

Assume a fixed conversion rate of 1:1 for USDT and USDC.

For more information on Perp Protect, check out our Help Center 

Perp Protect will be gradually rolled out for seamless integration, becoming available to all Bybit users by 

. This feature will only be accessible via the Bybit App version 4.25.5 and above on both iOS and Android. Stay tuned!

Trade with confidence. Protect with intelligence. Discover the power of Perp Protect on Bybit.

Introducing Perp Protect: Get Compensated Against Losses Automatically

Stay on top of the latest listings, launches and what’s trending.

Be the first to get critical insights and analysis of the crypto world. Subscribe to our newsletter now.

Bybit Announcement

Daily Crypto Market Movement at Your Fingertips.

Thank you for subscribing!

Daily Bits

Stay on top of the latest listings, launches and what’s trending. Claim $50 bonus when you deposit $100 and trade $10 today!