DUBAI, UNITED ARAB EMIRATES – Media OutReach – September 22, 2023 –
Bybit, the third most visited crypto exchange in the world, is proud to introduce an industry first for crypto exchanges: Perp Protect, an automated risk management tool. Perp Protect automatically acquires options contracts to cover long and short positions providing easy downside protection.
Perp Protect was developed by Bybit and is not available on any major crypto exchanges. It provides users with peace of mind without compromising their investment strategy by suggesting options contracts that protect them against price changes that would be unfavorable to them.
Traders anticipating market volatility can stay ahead of the curve by leveraging Perp Protect to secure their positions in volatile markets. Its automatic options acquisition leverages intelligent recommendations to ensure they are well-prepared for market fluctuations.
Inexperienced perpetual traders can also gain confidence with Perp Protect’s reliable layer of protection. This allows them to explore the world of perpetual trading while minimizing potential losses.
Using Perp Protect only requires two clicks. It is designed for user comfort, ensuring that its benefits are effortlessly accessible. Second, Perp Protect’s intelligent algorithm continuously evaluates market conditions to provide optimal downside protection and costs as low as 2% of a user’s initial margin.
“As we witness the evolution of crypto, it is essential that traders have access to tools that not only enhance their experience but also mitigate the risks associated with this dynamic market,” said Ben Zhou, co-founder and CEO of Bybit. “With Perp Protect, we are proud to offer a solution that brings ease and security to traders of all levels.”
Hashtag: #Bybit #TheCryptoArk
The issuer is solely responsible for the content of this announcement.
