From May 13th 00:00 UTC:
Given the recent market volatility, Bybit has implemented the following mechanisms to protect our traders from unforeseen market changes.
When the index price of any derivative reaches 50 times the minimum price change, the trader can only close the position of the derivative contract, or cancel the active order.
When the index price of any derivative reaches 10 times the minimum price change, Bybit has the right to immediately delist the derivative contract from our trading platform without notifying traders.
Bybit traders can view the minimum price changes for different derivatives on the contract details page.
For example, the price precision of the reference ADAUSDT perpetual contract is 0.0001:
| Derivatives Contract | ADAUSDT |
|---|---|
| Tick Size | 0.0001 |
| Reduce-only orders (50x) | 0.005 |
| Delisting Trigger (10x) | 0.001 |
| Resume Normal Trading Conditions (100x) | 0.01 |
Bybit reserves the right to review market conditions and resume normal trading if the index price of the underlying derivatives contract falls back to 100 times the minimum price accuracy and remains above the price level for at least 30 minutes.
Taking into account the potential extreme market risk, Bybit also reserves the right to delist derivatives contracts at any price level with prior announcement
For the rules of our token management on the spot trading platform, you can go to this link to inquire.
Before May 13th 00:00 UTC:
When the index price of any derivative reaches 100 times the minimum price change, the trader can only close the position of the derivative contract, or cancel the active order.
When the index price of any derivative reaches 50 times the minimum price change, Bybit has the right to immediately delist the derivative contract from our trading platform without notifying traders.
Please check Bybit official website or contact the customer support with regard to the latest information and more accurate details.
Bybit official website is here.
Please click "Introduction of Bybit", if you want to know the details and the company information of Bybit.
Comment by Hans
April 24, 2024
as I am trading here various assets, for me it's the most important feature. i mean, flexibility in tradable markets. i alternate trading styles, meaning that sometimes I trad...