Catenaa, Tuesday, September 22, 2026- Crypto exchange Bybit has introduced Bybit Odds, a fixed-return trading product that lets users take views on future Bitcoin and Ether prices while defining their maximum loss before entering a trade.
Users allocate USDT to a chosen price outcome and are shown the potential return before confirming the position.
If the selected outcome is correct at settlement, the user receives the displayed return. If it is wrong, the allocated amount is lost.
The product does not use leverage, meaning positions do not face margin calls or forced liquidation.
Bybit Odds initially offers three contract formats.
Up/Down contracts allow traders to predict whether an asset will finish above or below its entry price.
Price Target contracts ask whether the settlement price will finish above or below a specified level.
Price Range contracts allow users to take a position on whether the price will remain within or move outside a predetermined range.
Available periods range from five minutes to seven days.
Users can start with 5 USDT, and the amount committed to a contract represents the maximum possible loss.
The service is integrated into Bybit’s Unified Trading Account and is available through its website and mobile app.
Bybit said institutional market makers supply liquidity for the contracts.
The launch adds another type of defined-outcome product to a crypto market traditionally dominated by spot trading, perpetual futures and options.
Fixed-return contracts simplify the trading decision by replacing open-ended profit and loss with predetermined outcomes.
That structure also changes the risk profile.
Removing leverage eliminates liquidation risk, but a trader can still lose the entire amount allocated to an unsuccessful contract.
Products based on short-term yes-or-no price outcomes can also face different regulatory treatment across jurisdictions.
Bybit itself advises users to confirm whether fixed-return contracts are permitted in their country before trading. Such products face restrictions for retail customers in some markets.
Bybit has expanded its product range rapidly this year as centralized exchanges compete to keep more financial activity within a single platform.
The company recently launched an artificial intelligence assistant and has expanded into products linked to traditional financial markets alongside its existing spot and derivatives businesses.
Bybit Odds extends that strategy by targeting traders seeking exposure to crypto price movements without managing leverage or margin.
Its longer-term uptake will depend on whether traders prefer the simplicity of fixed outcomes over conventional futures and options, and how regulators classify the product in different markets.
