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Tether (USDT) is the world's most traded cryptocurrency, ahead of even the market flagbearer Bitcoin (BTC). Launched in 2014, USDT is the oldest surviving stablecoin in the crypto industry. It acts as a go-to asset for on-ramping, off-ramping and numerous other use cases where its stable rate based on the US dollar is useful. Most importantly, USDT is the top choice for spot and derivatives operations at many exchanges.
Bybit offers you a broad selection to use USDT for your crypto trading. From basic swap operations to the most advanced forms of automated derivatives trading, you can use USDT on Bybit to derive profit. USDT offers the most complete set of trading options on the exchange, making it ideal for traders of all experience levels.
This article will cover all the primary ways you can utilize USDT for crypto trading on Bybit, depending upon your preferred risk profiles and preferences. If you think that USDT is for asset value preservation only, these trading alternatives may very well change your opinion.
Key Takeaways:
Bybit offers you a diverse selection of products and markets to put your USDT funds to active use, depending upon your risk preferences.
The key choices for USDT trading on Bybit include Spot, Bybit TradFi multi-asset class trades, Pre-Market Spot, Copy Trading, Perpetuals and Options contracts, Pre-Market Perpetuals and Spread Trading.