What are Bybit futures contracts?

Bybit futures contracts are financial derivatives that allow traders to speculate on the future price of various cryptocurrencies without actually owning the underlying digital asset. These contracts enable traders to leverage their positions, magnifying both potential gains and losses. Bybit offers perpetual futures contracts which do not have an expiry date, unlike traditional futures contracts. This means that traders can hold onto their positions for as long as they desire, providing flexibility in terms of trading strategy and timing. The platform also ensures high liquidity and real-time trade execution, making it a popular choice for those looking to engage in the cryptocurrency futures market.