Bybit has expanded its derivatives offerings with the introduction of the NXPCUSDT perpetual contract, allowing traders to utilize up to 20x leverage. This listing follows a series of new perpetual contract additions in May 2025, including LAUNCHCOINUSDT and SKYAIUSDT, as the exchange strengthens its position in the competitive crypto derivatives market.
The new contract enables traders to speculate on NXPC’s price movements without expiration dates, using USDT as the settlement currency. Bybit’s perpetual contracts now cover over 15 altcoins in its Innovation Zone, alongside flagship products like BTCUSDT – the platform’s most-traded instrument with $1.2B daily volume.
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Bybit’s Derivatives Expansion Strategy
Bybit has listed six new perpetual contracts in the first two weeks of May 2025, demonstrating aggressive growth in its derivatives segment. The exchange’s Innovation Zone now hosts high-leverage contracts for emerging tokens while maintaining core offerings:
| Contract | Max Leverage | Listing Date |
|---|---|---|
| NXPCUSDT | 20x | May 15 |
| LAUNCHCOINUSDT | 12.5x | May 14 |
| BANKUSDT | 50x | May 8 |
Understanding NXPC Market Dynamics
While specific price data for NXPC remains unavailable on major trackers, Bybit’s listing suggests growing institutional interest in the token. The 20x leverage offering positions NXPC between conservative DeFi assets and high-risk meme coins in Bybit’s product hierarchy.
Competitive Landscape in Crypto Derivatives
Bybit’s move comes as perpetual contracts dominate crypto trading volume, accounting for 68.9% of all derivatives activity according to CoinGlass data. The exchange continues challenging market leaders Binance and OKX through:
- Frequent new contract listings
- Competitive leverage ratios
- Zero-fee trading promotions
Recent platform upgrades include enhanced risk management systems and real-time funding rate adjustments, crucial for maintaining stability with high-leverage products.
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The NXPCUSDT listing reinforces Bybit’s strategy to capture altcoin trading volume while major cryptocurrencies face regulatory scrutiny. As the derivatives market grows 42% YTD according to CCData, such niche contracts could drive the next wave of institutional crypto adoption.
