New listing: SKHYUSDT Perpetual Contract, with up to 25x leverage

Bybit has announced the addition of the SKHYUSDT Perpetual Contract to its trading platform. Traders can now engage in perpetual contracts with leverage up to 25 times, increasing potential gains and risks. The contract can also be traded through automated Futures bots such as Futures Grid, Futures Martingale, and Futures Combo. The listing involves SK Hynix Inc ADR, which tracks a tenth of the KRX: 000660 stock, and Bybit reserves the right to adjust trading parameters including leverage, margin rates, and funding rates. This move provides traders with new opportunities to speculate on SK Hynix's stock performance using crypto derivatives. The impact on SKHY could be increased trading volume and liquidity, although the high leverage also raises risk levels for traders.