Bybit Boosts RONIN Trading with 50x Leverage Perpetual Contracts
Bybit, a leading cryptocurrency exchange, has announced the listing of RONIN USDT perpetual contracts with up to 50x leverage. This move is set to expand the platform's offerings and cater to the growing demand for derivatives trading in the cryptocurrency market.
The RONIN USDT perpetual contract will allow traders to speculate on the price of RONIN, the native token of the Ronin Network, without the need for physical delivery. This type of contract is popular among traders due to its flexibility and ease of use.
The Ronin Network is a sidechain developed by Sky Mavis, the company behind the popular blockchain game Axie Infinity. RONIN is the governance token of the Ronin Network, and its value has been closely tied to the success of Axie Infinity.
The listing of RONIN USDT perpetual contracts on Bybit is expected to increase liquidity and trading volume for the RONIN token. This, in turn, could lead to greater price stability and increased adoption of the Ronin Network.
Bybit has been expanding its offerings in recent months, with the addition of new perpetual contracts and spot trading pairs. The exchange has also been focusing on improving its user experience and security features.
The cryptocurrency market has seen a surge in interest in derivatives trading, with many exchanges offering a wide range of perpetual contracts and futures. This trend is expected to continue as the market matures and attracts more institutional investors.
