Bybit launches CGNXUSDT perpetual contract with up to 25x leverage for TradFi trading.
DeFi & Yields ·
Bybit has launched a CGNXUSDT TradFi perpetual contract with up to 25x leverage, with trading now active. The contract is also accessible through automated trading tools including Futures Grid, Futures Martingale, and Futures Combo strategies.
TradFi perpetual contracts function as synthetic derivatives that track the price movements of traditional assets such as equities, ETFs, and commodities, but do not grant ownership or entitlements like dividends or voting rights. Pricing on these contracts may diverge from the underlying asset's market price.
The platform retains discretion to modify contract parameters including leverage limits, margin requirements, order sizes, and funding rates at any point. Trading carries substantial risk of total margin loss and potential additional losses from leveraged positions. Regulatory restrictions may limit availability in certain jurisdictions or user categories, and corporate actions affecting underlying assets could trigger contract suspension or termination.