Bybit Launches Quarterly Futures Contracts and Sub-Accounts

The cryptocurrency derivatives exchange, Bybit is launching quarterly futures contracts to expand its crypto derivates offerings.
At present, the exchange has more than one million registered users, and the Bybit CEO, Ben Zhou expects that these services will create a better trading experience for the platform’s users.
The futures contracts are expected to launch on Nov. 30, 2020, and it will offer a maximum leverage of up to 100x and maximum order size of $1 million.
The contracts will not have a funding fee, and they will allow users to hold their positions for free as long as the contract remains valid.
Through the BTCUSD quarterly futures contract, investors may invest in the digital asset market without directly buying or owning Bitcoin (BTC).
On the date of the launch, two futures contracts dubbed BTUSD1225 and BTCUSD0326 will go live with the settlement dates of Dec. 25, 2020, and March 26, 2021, respectively. 
Later, Bybit plans to launch three new futures contracts dubbed BTCUSD0625, BTCUSD0924, and BTCUSD1224 on Dec. 11, 2020, March 12, 2021, and June 11, 2021. These three contracts will settle on June 25, Sept. 24, and Dec. 24, 2021, respectively.
Apart from the quarterly futures contracts, Bybit is adding sub-accounts. Sub-accounts will allow both retail and institutional investors on Bybit to create secondary accounts that are linked to the primary ones.
These sub-accounts can be attributed to different traders and utilize different trading strategies. Institutional investors will be able to create these accounts and share them with their employees to give them limited access to trading activities.
Lastly, as part of its three year anniversary, Bybit is also integrating with the foreign exchange trading platform, MetaTrader 4 (MT4).
The partnership is expected to help more forex traders invest in the digital assets market and diversify their investment portfolio.

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