Our weekly crypto derivatives analytics report delves into macro events, the current state of crypto and trading signals from spot trading volume, and futures, options and perpetual contracts.

December's end-of-year options expiration brought an unexpected drop as realized volatility fell to the lowest levels of the month. Perpetual swap open interest remained stable, indicating these markets weren't heavily used for hedging against expired options, likely contributing to the muted volatility. 

While most expired open interest in Bitcoin (BTC) and Ethereum (ETH) hasn't been reinvested, the balance of calls and puts remains consistent. Notably, ETH options are pricing in higher implied volatility as compared to BTC, particularly for shorter expirations, leading to a flat term structure for ETH, while BTC is offering cheaper options exposure.

In the perpetual markets, low volatility and minimal spot movements have led funding rates for nearly all tokens to mirror broader market sentiment throughout the holiday season. On the options side, BTC's term structure is noticeably lower and steeper than ETH's, with realized volatility now dipping below implied volatility levels, highlighting an intriguing shift in market dynamics.

Please check out the report’s highlights.

Open Interest Solid Amid Year-End Options Expiration

Although open interest for both BTC and ETH perpetual swaps hasn’t returned to early December 2024 highs, it remained robust throughout the significant end-of-year options expiration event. This suggests that these markets weren’t heavily utilized to 

 of the expiring options contracts, likely contributing to the lack of volatility observed during this period. Instead, trading volumes have dipped noticeably during the winter holiday season, coinciding with a collapse in realized volatility back to December 2024’s lowest levels.

BTC Option Curve Remains Steep During Call-Put Parity

The expiration of December's end-of-year options didn’t trigger the anticipated surge in volatility; instead, realized volatility has plummeted to the lower end of its recent range. The implied volatility term structure remains steep compared to both its recent behavior and ETH's, with longer-dated implied volatility around 57%, and 1-week at-the-money options trading about five points lower. Much of the expired open interest hasn’t yet been rolled into new positions, maintaining a neutral balance between puts and calls. Consequently, BTC's options market positioning is relatively neutral, lacking the leverage it had at the start of December 2024.

Huge ETH Option Expiring Doesn’t Cause Volatility

A late December spike in realized volatility didn’t carry into the new year, with ETH’s spot price currently exhibiting volatility below that of short-tenor implied volatility. Interestingly, the implied volatility term structure has undergone a steepening and re-flattening over the past week, contrasting with BTC’s slightly steeper profile. This suggests that ETH’s options market is anticipating higher short-term volatility in spot price movements. 

Despite the significant expiration of options open interest at the end of December 2024, which didn’t lead to a rollover into later expirations, call options continue to dominate the market and have increased at the start of 2025.

Advanced

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Bybit X Block Scholes Crypto Derivatives Analytics Report (Jan 2, 2025): BTC Options Continue to See Call-Put Parity, With Lower Short-Term Volatility Expected

Dive into FLock, a decentralized platform that revolutionizes the way AI models are developed, trained and deployed.

Artificial intelligence (AI) is poised to transform countless industries, but its development often raises questions about privacy, control and inclusivity. 

 is a unique decentralized platform that democratizes AI training, fine-tuning and inferencing. With its blockchain-powered infrastructure, FLock ensures transparency, security and community-driven decision-making, paving the way for AI models that align with established societal values. 

In this article, we’ll explore how FLock decentralizes AI training, its key features and its potential impact on developers, communities and users.

 platform that revolutionizes the way AI models are developed, trained and deployed. By leveraging blockchain technology and a novel approach called 

, FLock addresses critical issues in AI development, such as centralized control, lack of transparency and privacy concerns.

At its core, FLock’s mission is to democratize AI by enabling communities to participate directly in the creation and refinement of AI models. Through federated learning, FLock trains AI models across multiple decentralized devices or servers. This method ensures that data remains local, eliminating the need for raw data exchange while still enabling robust model training. By decentralizing the training process, FLock not only protects individual privacy, but also fosters a more inclusive ecosystem in which diverse contributors can collaborate.

What sets FLock apart is its integration of 

. This ensures that all contributions — whether data, compute power or feedback — are transparently recorded and fairly rewarded. Blockchain tech’s immutable ledger enhances trust among participants and safeguards the process against manipulation. Additionally, the platform’s on-chain incentive mechanisms encourage participation from a wide range of contributors, ensuring that rewards are distributed equitably.

Ultimately, FLock empowers communities to develop bespoke AI models tailored to their specific needs. By decentralizing the process and prioritizing transparency and collaboration, FLock breaks the monopoly of large corporations, creating an AI ecosystem that aligns with public ethics and societal values.

, an Oxford alumnus with a robust background in AI and blockchain technology. Sun, who serves as FLock's CEO, has an impressive career trajectory, having worked as the Director of AI for the Royal Bank of Canada and as an AI Research Fellow at Imperial College London. His vision for FLock stems from a deep understanding of both the technical and ethical challenges of AI development.

The founding team also includes other Oxford alumni, boasting over a decade of combined experience in AI research and the cryptocurrency industry. This team brings a collective blend of academic excellence and practical expertise that positions FLock to lead the decentralized AI movement.

FLock has successfully raised $11 million in funding across two rounds, reflecting strong investor confidence in its vision. In May 2024, FLock secured a $6 million seed round co-led by Lightspeed Faction and Tagus Capital, with additional backing from Digital Currency Group (DCG), Volt Capital, OKX Ventures and Inception Capital.

Later, in December 2024, FLock announced a $3 million successful funding round led by DCG and joined by prominent names like Animoca Brands, Fenbushi Capital, GnosisVC and GSR. These investments are being channelled into enhancing the platform’s testnet and federated learning client, accelerating FLock’s mission of enabling secure, collaborative AI development.

With this funding and over 1,500 nodes contributing from platforms like Numerai and Kaggle, FLock is rapidly scaling its impact on decentralized AI training.

FLock AI revolutionizes AI development through its decentralized training framework. This approach allows participants to contribute to AI model training without ever sharing their personal data. Instead, models are trained locally across devices using federated learning, which ensures that data remains with its owners while still enhancing the accuracy of the model overall. 

FLock’s reward system is designed to incentivize active participation. Contributors who provide data, computational power and/or feedback are compensated with FLOCK tokens, ensuring a fair distribution of rewards. 

FLock empowers its community through a robust governance framework. Decisions regarding AI model development, deployment and ethical considerations are driven by the community, ensuring alignment with established societal values. Through blockchain-based voting mechanisms, contributors can influence the direction of AI projects, fostering transparency and public accountability. 

FLock’s modular architecture allows contributors to participate in specific aspects of AI model development. Whether providing raw data or computational power or even refining algorithms, the platform enables a collaborative and scalable development process. 

At the core of FLock’s philosophy is its commitment to privacy and security. By leveraging blockchain technology, the platform ensures that no single entity controls the AI development process. Data remains local and protected by cryptographic measures, while the immutability of blockchain guarantees transparency in every transaction and model update. 

 begins with a blockchain and an AI layer.

The blockchain layer underpins FLock’s incentivization and security mechanisms.

The AI layer facilitates model training, refinement and deployment, leveraging both centralized and federated approaches.

Let’s have a look at the supply and demand for the FLOCK token.

FLock adopts a 1:2 ratio model between team/investors (33.3%) and community (66.7%), prioritizing community-driven growth and ecosystem expansion. The majority of tokens are allocated to incentivize user participation and long-term ecosystem success.

FLock aims to improve the future of AI development by decentralizing the training process and ensuring transparency, privacy and inclusivity. By leveraging blockchain and federated learning, FLock empowers communities to contribute to AI creation without compromising on privacy. Its innovative reward system and community-driven governance foster a fair and collaborative ecosystem. 

With significant backing and a growing network of contributors, FLock is positioning itself as a leader in decentralized AI, offering a more ethical and secure alternative to traditional AI development models. As it continues to scale, FLock is set to transform the way AI models are built and deployed.

 — and earn a share of a 10 million FLOCK prize pool. For more details, visit 

Intermediate

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FLock AI: Decentralized AI Training

In this tutorial, we’ll explore how you can complete a series of tasks in Network3 for Bybit Web3 Airdrop Arcade.

Task 1: Register for a Network3 Account and Connect Your Bybit Wallet 

: Navigate to the campaign page and click on the 

task. Click on the task, and Galxe will ask to redirect you to the Network3 register page.

: Register for a Network3 account using your email address. You may indicate a 

Task 2: Download the Network3 App and Run a Node for One Hour

 and choose your operating system to download the Network3 app.

 or powerbutton, depending upon which operating system you’re using. For ease of reference, we’ve used macOS and iOS as examples below.

: Keep running the node until the timer reaches 

Beginner

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How to Complete Network3 Tasks for Bybit Web3 Airdrop Arcade

Bybit launched the Bybit Merch Creative Challenge for university students worldwide, offering a $50,000 USDT prize pool.

The S&P 500 dropped 0.22% on Thursday, its fifth straight decline, with investors eyeing Friday’s economic updates. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 2.03%, with Bitcoin and Ether rising by 2.79% and 2.70%, respectively in the past 24 hours.

Today's top performer is XRP, which surged 1.9% following a rise in price driven by increased open interest and positive market sentiment.

Ripple (XRP), launched in August 2012, is a blockchain technology company focused on improving international payments with its cryptocurrency, XRP. XRP price surged due to increased open interest, a major XRP transfer, and market sentiment linked to Trump's inauguration. Bullish momentum is supported by high short liquidations, with key resistance levels to watch for further price movement.

Check Out the Latest Prices, Charts, and Data of 

 for university students worldwide, offering a $50,000 USDT prize pool. Participants can design exclusive Bybit merchandise, with submissions open until Jan. 15, 2025. Winners will be announced on Feb. 1, 2025, across four prize categories.

Yesterday, Bitcoin Spot ETFs recorded a total inflow of $84.8M, driven by $107.9M from non-GBTC funds, partially offset by a $23.1M outflow from GBTC.

, offering an airdrop for participants who complete tasks like swapping and bridging using the Mango wallet. Points earned through tasks determine airdrop rewards. Join via the Mango wallet and follow steps on the testnet dashboard.

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Bybit Launches $50,000 Merch Design Challenge for University Students Worldwide

Crypto

Investing

Explainers

Understanding how cryptocurrency works is easier than you imagined. Here's what you need to know about cryptocurrency & how to trade crypto.

Cryptocurrency has taken the world by storm, offering a digital alternative to traditional currencies and reshaping the financial landscape. As more people embrace this revolutionary technology, understanding its intricacies becomes crucial for navigating its potential risks and rewards. In this blog post, we’ll unravel the mystery of “what is cryptocurrency” and explore its inner workings, applications, and emerging trends.

At its core, cryptocurrency is a form of digital currency that is decentralized and operates independently of central banks or governments, using encryption for secure transactions. This groundbreaking concept was introduced with the creation of Bitcoin, the first cryptocurrency, in 2008 by the mysterious figure 

. The primary objective of Bitcoin was to provide a form of payment that is not managed or regulated by a central bank, leading to the emergence of the cryptocurrency market.

Cryptocurrencies are constructed using blockchain technology, which offers a secure, transparent, and incorruptible ledger for recording transactions. Blockchain technology ensures that every transaction is verifiable and cannot be tampered with, reducing the risk of fraud. This is different from central bank digital currencies, which are issued and regulated by central banks. Although cryptocurrencies offer enhanced security compared to traditional currencies, they remain susceptible to hacking and may be subject to market volatility and regulatory ambiguity.

Encryption significantly impacts the operations of cryptocurrencies, safeguarding transaction integrity and preserving user privacy. A digital ledger records all cryptocurrency transactions, allowing users to track their digital assets and ensure their accuracy. This transparency is fundamental to the trust and reliability that underpin the entire cryptocurrency ecosystem, making it essential to record transactions accurately.

As cryptocurrency increasingly becomes popular, an increasing number of businesses are starting to accept it as a payment method. Retailers that do not directly accept cryptocurrencies can still enable customers to use them for purchases through cryptocurrency debit cards, such as 

. This increasing acceptance of cryptocurrency in the real world is driving its adoption and expanding its potential applications.

The Role of Blockchain in Cryptocurrencies

Blockchain technology serves as a foundation for cryptocurrencies, offering a secure, transparent, and immutable transaction record. Every transaction within a blockchain is encrypted, confirmed with cryptographic hashes, and added to the distributed ledger, ensuring the information is accurate and cannot be modified. This technology provides several benefits:

 revolutionizes the way transactions are conducted, providing a more efficient and secure method.

One of the key features of blockchain technology is the consensus mechanism, which requires approval from a majority of ledger holders to validate transactions. This ensures that all transactions within the blockchain are verified and accepted by the network, further reinforcing the security and tamper-proof nature of the ledger. The most common consensus mechanisms used in cryptocurrencies are 

Utilizing blockchain technology in cryptocurrencies offers numerous benefits, including:

These advantages have led to the growing adoption of blockchain technology not only in the world of cryptocurrencies but also in various industries and governments.

Blockchain is a distributed ledger system that securely and transparently validates and records transactions. This groundbreaking technology has transformed the manner in which financial transactions are carried out, allowing users to:

The step-by-step process for a blockchain transaction involves:

This process ensures that every transaction is authenticated and validated before being added to the distributed ledger. Consequently, blockchain transactions are extremely secure and dependable, lowering the fraud and tampering risk.

Blockchain achieves its security and reliability through the implementation of:

These features make blockchain an ideal foundation for cryptocurrencies and a wide range of other applications, from supply chain management to voting systems. As the technology continues to mature, its potential to disrupt traditional industries and reshape the global economy becomes increasingly evident.

Cryptocurrency transactions, also known as crypto transactions, entail transferring digital assets, including crypto assets, among users, with verification procedures established to validate their legitimacy and prevent fraud. As these transactions occur on a 

 network, it is crucial to have a mechanism in place to validate and authenticate them, maintaining the integrity of the blockchain and the security of the digital assets involved.

This verification procedure depends on consensus mechanisms such as proof of work and proof of stake, which uphold the blockchain’s integrity and hinder system manipulation by malicious actors. In the next subsection, we’ll delve deeper into these consensus mechanisms and their role in ensuring the security and reliability of cryptocurrency transactions.

In cryptocurrencies, transaction verification is a key element in maintaining the blockchain’s integrity and security. Consensus mechanisms such as proof of work and proof of stake are utilized to confirm transactions, with each validated transaction requiring approval from the majority of ledger holders. These mechanisms ensure that only valid transactions are added to the blockchain, preventing fraudulent activity and maintaining trust in the system.

Proof of work is a consensus algorithm used to verify transactions on a blockchain, wherein an algorithm provides a mathematical problem for computers to solve. The first computer to solve the problem is rewarded with newly minted cryptocurrency, a process known as mining. However, the pursuit of solving these puzzles necessitates the use of considerable computing power and electricity, often leading to environmental concerns and high operational costs for miners.

In contrast, proof of stake is a verification method employed by certain cryptocurrencies to minimize the amount of energy required for transaction validation. It restricts the number of transactions each individual can verify according to the amount of cryptocurrency they are willing to stake. This approach is more efficient than proof of work, resulting in faster transaction verification times and eliminating the need for energy-intensive equation solving.

Comprehending the distinctions between proof of work and proof of stake is crucial for those interested in cryptocurrencies, as it underscores the varied approaches to transaction verification and their respective merits and demerits. As the crypto ecosystem continues to evolve, new consensus mechanisms may emerge, further improving the security, efficiency, and environmental impact of transaction verification.

Popular Cryptocurrencies and Their Unique Features

Several cryptocurrencies have gained popularity and widespread adoption, with Bitcoin, Ethereum, and 

 being some of the most widely used. Each of these cryptocurrencies has unique features and use cases that drive their adoption and value. Bitcoin, for example, is a secure and decentralized currency that serves as a store of value, akin to gold. Its pioneering status and widespread recognition have solidified its position as the most valuable cryptocurrency in the market.

Ethereum, on the other hand, is the cryptocurrency of the Ethereum blockchain, enabling developers to create financial applications without relying on a third-party financial institution. This flexibility and versatility have attracted a large community of developers and users, making Ethereum the second most valuable cryptocurrency. Meanwhile, Litecoin is a cryptocurrency designed to be faster and more efficient than Bitcoin, offering faster transaction times and lower fees.

Cryptocurrencies are typically created through a process known as mining, wherein complex puzzles are solved to authenticate transactions on the network. The owners of computers used for mining can receive newly created cryptocurrency as a reward. This is an incentive to keep them mining. It is essential to understand the differences between coins and tokens within the cryptocurrency market, as they represent distinct types of digital assets. Coins are associated with their own blockchain, while tokens are based on an existing blockchain and may be employed as currency or to signify asset ownership.

As cryptocurrencies continue to become more popular and widely adopted, it becomes more important to understand these digital assets’ unique features and use cases. This knowledge can help users make informed decisions about:

Obtaining cryptocurrency requires buying it through exchanges or through mining. To purchase cryptocurrency, users typically need to set up an account on an exchange, verify their identity, and fund their account through bank transfers, credit cards, or other payment methods. It’s important to take into account possible deposit and withdrawal transaction fees, along with trading fees, which may differ based on the selected payment method and platform.

Selecting a platform to purchase cryptocurrency requires careful consideration of factors such as the available cryptocurrencies, associated fees, security features, storage and withdrawal options, and any educational resources. Popular cryptocurrencies available for purchase include Bitcoin, Ethereum, Dogecoin, Tether, USD Coin, and Uniswap.

Once you’ve obtained cryptocurrency, it’s important to store it in a secure manner. Cryptocurrencies are maintained in digital wallets, which can be either physical devices or online software. These wallets store the private keys associated with your cryptocurrencies, allowing you to store cryptocurrency and manage your digital assets safely in your digital wallet. In the next subsection, we will discuss the differences between hot wallets and cold wallets, as well as their respective advantages and disadvantages.

Hot wallets and cold wallets are the two main methods for 

, each with its own set of pros and cons. Hot wallets are online storage solutions with greater accessibility but a higher risk profile, whereas cold wallets are offline storage solutions that provide enhanced security but less convenience. When choosing a wallet, it is crucial to balance your needs for accessibility and security, as well as to consider the potential risks associated with each storage option.

For example, hot wallets are more vulnerable to hacking and theft due to their online nature, while cold wallets may be more secure but less convenient for frequent transactions. It is also essential to safeguard the private keys associated with your wallet, as losing these keys can result in the loss of your cryptocurrency holdings. By understanding the differences between hot and cold wallets, you can make an informed decision about the most suitable storage solution for your digital assets.

Investing in Cryptocurrency: Risks and Rewards

Investing in cryptocurrency may present potential rewards, but it’s important to be cognizant of the risks tied to market volatility, regulatory uncertainty, and technological challenges. As with any investment, it is crucial to conduct thorough research and consider various factors before diving into the world of cryptocurrencies. Understanding the influence of supply and demand on the value of a cryptocurrency can provide valuable insights into its potential for growth.

Many Bitcoin enthusiasts view it as a significantly improved monetary system compared to our current one and would prefer it to be utilized as a regular form of payment, such as businesses that accept bitcoin. However, investing in cryptocurrency carries a certain degree of risk.

Some factors to consider before investing in less established crypto products include:

It is important to thoroughly research and assess these factors before making any investment decisions.

It is also essential to understand the unique features and use cases of different cryptocurrencies, as this knowledge can help investors make informed decisions about which digital assets to invest in or support. As the cryptocurrency market continues to evolve, new opportunities and challenges will emerge, making it crucial for investors to stay informed and adapt their strategies accordingly.

In sum, investing in cryptocurrency presents potential rewards but also comes with risks due to market volatility, regulatory uncertainty, and technological challenges. By understanding these risks and conducting thorough research, investors can make informed decisions and potentially capitalize on the opportunities presented by this rapidly evolving digital landscape.

Navigating the Crypto Marketplace: Exchanges and Trading Platforms

Crypto exchanges and trading platforms are pivotal in the cryptocurrency ecosystem, enabling the purchase, sale, and trade of digital assets. These platforms offer a range of services and features, including support for various cryptocurrencies, user-friendly interfaces, and advanced trading tools. When selecting a platform, it’s important to take into account the available cryptocurrencies, related fees, security features, storage and withdrawal options, and any educational resources.

One of the most popular cryptocurrency exchanges and trading platforms is Bybit.

Bybit has its own unique features and services, catering to different types of users and investors, it is essential to develop a sound trading strategy and stay informed about the latest market trends and news. By understanding the unique features of each platform and making informed decisions about which cryptocurrencies to trade, investors can navigate the crypto marketplace with greater confidence and success.

Legal and Tax Implications of Cryptocurrency

Cryptocurrency’s legal and tax implications differ greatly from one country to another, with some treating it as legal tender and others taxing it as property or implementing regulations. In the United States, for example, cryptocurrencies are treated as property for taxation purposes, meaning that any gains or losses from trading or using cryptocurrencies are subject to capital gains tax.

It is essential for cryptocurrency users and investors to understand the legal and tax implications of their activities in their respective jurisdictions. This includes knowing:

Understanding these factors can help navigate the complex legal landscape surrounding cryptocurrencies.

Securities, such as stocks and bonds, represent ownership in a public company or debt owed to the bondholder. The classification of cryptocurrencies as securities depends on various factors, including their use cases, the level of centralization, and the rights and obligations conferred to holders. Understanding the legal classification of cryptocurrencies in your jurisdiction is crucial for ensuring compliance with relevant laws and regulations.

By staying informed about the legal and tax implications of cryptocurrency in your jurisdiction, you can avoid potential pitfalls and ensure that your cryptocurrency activities are carried out in a compliant manner. This knowledge is essential for protecting your investments and navigating the complex world of digital currencies.

Real-World Applications of Cryptocurrency

Cryptocurrency has a range of practical uses that go beyond just serving as a speculative investment. One of the most prominent uses of cryptocurrency is for purchasing goods and services from retailers that accept digital currencies as a form of payment. Notable companies that accept cryptocurrency include:

Another significant advantage of cryptocurrency is its ability to facilitate cross-border transactions with greater speed, security, and cost-efficiency compared to traditional banking systems. By utilizing blockchain technology to remove intermediaries and enable direct peer-to-peer transfers, cryptocurrencies can provide a more efficient and accessible means of conducting international transactions. This has the potential to revolutionize global trade, remittances, and financial inclusion for underserved communities.

Cryptocurrency can also play a crucial role in providing financial access to underserved populations by offering an alternative to traditional banking systems. This enables individuals in remote or underserved areas to:

As cryptocurrency adoption continues to grow, its real-world applications and impact on society are likely to expand and evolve, paving the way for a more decentralized and inclusive financial future.

As the crypto ecosystem continues to develop, a number of emerging trends are influencing its future direction and potential influence on the broader economy. One such trend is the rise of 

, which leverages cryptocurrency and blockchain technology to create financial systems that operate without intermediaries like banks or traditional financial institutions. By providing transparency, security, and accessibility to financial transactions, DeFi has the potential to revolutionize the way we conduct business and manage our financial lives.

Another emerging trend in the crypto sphere is the growing popularity of non-fungible tokens (NFTs), which are digital assets that represent the ownership of a unique digital file. Unlike cryptocurrencies, which are fungible and can be exchanged on a one-to-one basis, NFTs are non-fungible and cannot be exchanged in the same manner. The rise of NFTs has sparked a surge of interest in digital art, collectibles, and other unique digital assets, opening up new possibilities for creators, collectors, and investors.

Finally, the increasing adoption of blockchain technology by businesses and governments is another trend shaping the future of the crypto sphere. As more organizations recognize the potential of blockchain to enhance security, efficiency, and transparency, its applications are expanding beyond the realm of cryptocurrencies and into various industries, including:

This widespread adoption of blockchain technology has the potential to transform the way we conduct business, govern, and interact with one another, further solidifying the importance of cryptocurrencies and blockchain in the global economy.

 out there and some new ones on the scene. 

Bitcoin was the first cryptocurrency to be created in 2009 and is the biggest by market cap. It remains the most likely contender to take over the fiat-based centralized monetary systems we see today. You can trade BTCUSD and BTCUSDT perpetual contracts on Bybit.

, the second-largest cryptocurrency by market cap and the most well-known and one of the 

 in existence. It runs on an open-source blockchain using smart contracts, which supports DApps. With the demand for ETH on the rise, and the hard fork rolling out, the 

is predicted to soar in the upcoming months too. You can trade ETHUSD and ETHUSDT perpetual contracts on Bybit.

Although it can be used for transactions, the primary use for XRP is to facilitate payments through its centralized Ripple network. It is the third biggest cryptocurrency by market cap. You can trade XRPUSD perpetual contracts on Bybit.

USDT, also known by its parent company, Tether, is the most well-known 

. Its value is pegged to the US dollar, which keeps it immune from the volatility that other cryptocurrencies can face. It took over Bitcoin’s mantle as the most prominent cryptocurrency by trading volume in 2019. You can trade BTCUSDT, ETHUSDT, LINKUSDT, LTCUSDT, and XTZUSDT perpetual contracts on Bybit. 

EOS is another cryptocurrency running on a smart contract platform, which supports Dapps. These Dapps have a variety of functions, including gaming, social, and DeFi. You can trade EOSUSD perpetual contracts on Bybit.

Litecoin was part of the first wave of cryptocurrencies, having originated in 2011. Technically, it is practically identical to Bitcoin. However, its Lightning Network can process transactions much faster than Bitcoin originally could. 

What Is Cryptocurrency? (Cryptocurrency for Dummies)

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards