Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has launched Bybit Odds, a fixed-return price view contract product for Bitcoin and Ether. Announced on Sept. 15, 2026 and reported on Sept. 16, the product lets users take positions on future BTC and ETH price movements without leverage, liquidation risk, or margin calls.
The offering includes three contract formats: Up/Down, where traders predict whether the price will close above or below its current level; Price Target, where users choose whether the asset will expire above or below a set price; and Price Range, where traders decide whether the price will stay inside or move outside a defined range. Trading periods range from five minutes and fifteen minutes up to seven days, and positions start from 5 USDT. The amount allocated to each trade represents the maximum possible loss, with potential returns displayed before order confirmation.
Bybit Odds is integrated with Bybit’s Unified Trading Account and is available through the exchange’s web and mobile applications. Liquidity and pricing are supported by institutional market makers. The launch expands Bybit’s product suite beyond conventional leveraged derivatives. In early September, Bybit introduced 24/7 FX perpetuals with up to 100x leverage on EUR/USD, GBP/USD and USD/JPY.
The rollout also comes amid growing exchange interest in odds-based and prediction products. In July, Kalshi, Polymarket and Polymarket US recorded a combined $50.59 billion in taker notional trading volume, up 7.8% from June’s revised $46.95 billion. Bybit’s new product, however, is distinct from leveraged contracts: it keeps exposure fixed and does not subject users to liquidation or margin calls.
