Bybit Introduces XNYUSDT Perpetual Contract
Bybit has taken another step in expanding its derivatives portfolio with the launch of the XNYUSDT Perpetual Contract. Available in the exchange’s Innovation Zone from August 13, 2025, this product is aimed at traders who want exposure to a new asset with high-leverage potential. The contract offers up to 25x leverage, operates 24/7, and is settled entirely in USDT.
This launch is not just about adding another trading pair—it’s about introducing a product with characteristics that can appeal to both aggressive traders seeking high-risk, high-reward opportunities and more calculated traders who value flexibility and precise execution.
The XNYUSDT contract is fully denominated and settled in Tether (USDT), a stablecoin designed to mirror the U.S. dollar. For traders, this simplifies profit and loss calculations, removing the extra volatility risk of being settled in a fluctuating crypto asset. It allows them to focus purely on the price movement of XNY, knowing that gains or losses are locked to a stable value.
This can be particularly valuable when markets are volatile. Even if XNY swings wildly, the USDT settlement ensures that any realized profit retains its purchasing power. That stability, paired with the contract’s high leverage, can be an attractive combination for strategic traders.
Bybit’s Innovation Zone is a special category for listing newer or potentially more volatile assets. It’s often the first place where emerging opportunities appear on the platform. This can be appealing for traders who want early exposure to assets before they mature into more widely traded contracts.
However, the Innovation Zone also comes with higher trading fees compared to standard perpetual contracts. Bybit uses this category to signal that while the opportunity exists, it’s tied to greater uncertainty and volatility. For traders, this means factoring in additional costs and managing risk accordingly.
From a trading perspective, the XNYUSDT Perpetual Contract offers a set of parameters designed for precision and flexibility:
Settlement Asset: USDT
Tick Size: 0.000001, allowing for fine-tuned entry and exit points
Maximum Leverage: 25x
Funding Rate: ±2%
Trading Hours: 24/7
This combination allows traders to adapt their strategy to market conditions, whether they prefer quick scalping or holding positions for longer durations. The fine tick size is especially important for traders working with detailed technical setups, where even small price moves matter.
Leverage is one of the most powerful tools in trading—but also one of the riskiest. At 25x, traders can control a position 25 times larger than their initial margin. This magnifies potential profits on winning trades, but it also means losses can accumulate quickly if the market moves against you.
For example, a 4% move in the underlying asset at 25x leverage can wipe out an entire position. This is why disciplined risk management, stop-loss orders, and position sizing are critical. In the hands of an experienced trader, leverage can enhance returns. In the hands of an unprepared one, it can quickly lead to liquidation.
Bybit clearly states that it reserves the right to adjust the contract’s parameters at any time. This can include changes to the minimum price increment, leverage limits, margin requirements, or even the launch time. The reason is simple—market conditions can shift quickly, and having flexibility allows Bybit to maintain market stability and protect traders from extreme volatility.
However, for traders, this means staying informed. Any parameter changes could affect your strategy or risk exposure, so keeping up with Bybit’s announcements is essential.
It’s worth noting that the XNYUSDT Perpetual Contract may not be available in every region. Traders are encouraged to check Bybit’s terms and conditions to confirm whether they can access and trade this product. Regional restrictions are common in derivatives markets due to regulatory requirements, so verifying eligibility is an important first step.
For experienced traders, this listing represents an opportunity to access a new market with flexible, high-leverage trading tools. The Innovation Zone placement signals that the asset could offer significant movement—something traders often look for in short-term strategies. The ability to trade around the clock and settle in USDT adds to the appeal.
For newer traders, the XNYUSDT contract can serve as an introduction to leveraged perpetual trading. However, it’s not a product to approach casually. The higher fees, increased volatility, and leverage risks mean that a well-thought-out strategy is essential before entering the market.
What is the XNYUSDT Perpetual Contract?
A Bybit derivative that lets traders speculate on XNY’s price against USDT, with USDT as the settlement asset.
Where is it listed?
In Bybit’s Innovation Zone, which features newer or more volatile assets with unique trading conditions.
What’s the maximum leverage?
Up to 25x, allowing traders to control larger positions with less capital.
Any special considerations?
Yes. Higher trading fees apply in the Innovation Zone compared to standard contracts.
Key parameters?
USDT settlement, 0.000001 tick size, 25x leverage, ±2% funding rate, and 24/7 trading.
Can Bybit change the terms?
Yes, including leverage limits, margin requirements, and tick size.
Purpose of the Innovation Zone?
To offer early access to new or experimental contracts with adjusted trading conditions.
How to get support?
Reach out to Bybit Customer Support for assistance.
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