Bybit launches Odds, a new derivatives product for price prediction trading.
DeFi & Yields ·
Bybit has launched Bybit Odds, a derivatives product allowing users to trade fixed-return price prediction contracts on Bitcoin and Ethereum. The product operates on a binary outcome model: traders allocate USDT to a price direction, and if correct at settlement receive a pre-displayed fixed return; if incorrect, the allocated amount is forfeited.
The mechanics emphasize bounded risk and transparency. Traders see potential returns and maximum loss before entering any position, with no liquidation risk—losses are capped at the initial allocation. The platform supports positions starting at 5 USDT, integrates with Bybit's UTA (Unified Trading Account), and sources pricing from institutional market makers to ensure liquidity. Three trade types are available, though the announcement does not detail their specific mechanics.
The product's operational status, exact launch date, and any phased rollout plans remain unspecified in the available material. The announcement also does not disclose trading hours, settlement intervals, or whether additional assets will be supported beyond BTC and ETH.