Bybit Unreported Change to HOLOUSDT Funding Rates

Recent reports indicate a supposed change to the funding rate intervals for HOLOUSDT perpetual contracts on Bybit. However, no official statements or announcements have been made by the exchange or its executives about these changes. As noted by Ben Zhou, Co-founder and CEO of Bybit, – “No official statements regarding HOLOUSDT funding interval changes have been published.”

The situation involves Bybit, a cryptocurrency exchange platform known for its perpetual contracts, including HOLOUSDT. Despite rumors, Bybit’s official channels lack any information confirming the adjustment of funding intervals for this specific contract.

HOLOUSDT perpetual contract holders are left uncertain due to the absence of an official announcement. Market participants are cautious, as clarity from Bybit is necessary for any significant trading decisions.

No financial, regulatory, or technological consequences are evident without confirmation of the funding rate change. Historically, changes in funding rates could affect the trading costs and liquidity of the impacted contracts.

While past adjustments to perpetual contracts on Bybit have been documented, there is no precedent for HOLOUSDT. Caution is advised as such changes can significantly alter trading dynamics.

Experts from Kanalcoin stress the need for official data to assess the future implications. Historical analysis suggests that transparent communication by exchanges is vital for maintaining market stability.