Bybit has officially adjusted the Max. Open Interest for the FORMUSDT Perpetual Contract to enhance trading experience and manage risk, implemented under CEO Ben Zhou’s leadership.
The adjustment is poised to optimize market integrity and risk management, but no significant asset price impacts or institutional shifts have been observed yet.
Bybit, a leading cryptocurrency exchange, has updated its Max. Open Interest for the FORMUSDT Perpetual Contract. This aims to enhance trading experiences and manage risk more effectively for users.
Founder and CEO Ben Zhou confirmed Bybit’s decision to adjust the open interest. The change impacts FORMUSDT, aligning with Bybit’s risk policy for non-BTC contracts. As Ben Zhou stated, “To enhance the trading experience for our users, Bybit has adjusted the Max. Open Interest for selected Perpetual Contracts.” Bybit Announcement
Insufficient Data on FORMUSDT Contract Changes’ Financial Impact
Insufficient information exists on direct financial impact, yet the change aligns with standard industry practices. Open interest updates could indirectly affect liquidity but no concrete data confirms this.
Technological advancements and regulatory reactions remain unaddressed with official details yet to be released. The dual purpose of risk management and market integrity is evident, supporting such contractual amendments.
Bybit Strategy Reflects Previous Perpetual Contract Adjustments
Bybit’s decision mirrors prior adjustments for perpetual contracts, citing protection against excessive risk. Recent changes to ALUUSDT and HOOKUSDT followed a similar rationale.
Experts suggest long-term stability benefits from these updates based on past patterns. Similar moves help bolster market integrity, reducing instances of potential manipulation.
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