Here is a look at the latest updates and developments at Bybit from April 2020, including the launch of the USDT perpetual contract.
PRODUCTS AND FEATURES
USDT perpetual contract live!
In April, the USDT perpetual contract (beta version) was added to the evergrowing list of derivatives products on the Bybit platform. The most popular stablecoin in the world by market capitalisation, USDT (Tether), which is pegged to the US dollar, is used as both the quote and settlement currency for the contract.
Allowing for two-way trades (traders can hold both long and short positions at the same time and with different amounts of leverage), the USDT perpetual contact offers a different option for traders away from the volatility that sometime strikes Bitcoin and other cryptocurrencies. For a detailed explanation of how the contract works, check out the lowdown and the breakdown of the USDT perpetual contract. If you’d like to know more about the currency USDT, have a read of this Bybit guide to USDT.
Also, check out below a video on how USDT perpetual contacts are different from inverse perpetual contracts:
In addition, the USDT perpetuals contract API has been recently updated and improved. The API documentation for the USDT perpetual contract and all Bybit API resources can all be found in one place.
TokenBot now approved third party application on Bybit
TokenBot has been added to the list of approved third party applications on Bybit, making API management for our traders easier and more convenient than ever before. TokenBot has made it even easier for you by kindly laying out a step by step process of how to bind your TokenBot account to your Bybit account.
Bybit mobile app update
Here is a pick of some of the articles that have been published on the Bybit blog in April.
- What has Bybit accomplished for security?
At Bybit, the safety of our user’s assets is our top priority. Check out the steps we take to guarantee user safety and transparency.
- Top 10 crypto buzzwords you might not know
Bitcoin and blockchain will be familiar to anybody with even a passing interest in crypto, but there may be some buzzwords which you are not familiar with.
- Where do the US presidential candidates stand on crypto?
With the US presidential Democratic Party candidate almost certainly to be Joe Biden, what would be the significance of a Biden presidency or Trump second term for crypto?
Bybit Insight are a new series of articles that will delve into and analyze the latest news and developments from the world of crypto on a regular basis.
Check out all the Bybit Insight articles here.