Bybit, a cryptocurrency exchange, debuted in 2018. It’s a standalone platform for trading derivatives, such as inverse and perpetual futures contracts, with leverage of up to 1:200. Bybit offers quarterly USD futures in addition to BTC, ETH, XRP, EOS, LTC, and a variety of other cryptocurrencies. For BTC/USDT, there is a linear futures contract. The exchange has a number of technological advantages, including mutual insurance for market players against potentially abrupt price swings, an offset for long and short positions, and market depth.