The product allows crypto traders to access crude oil futures through a perpetual contract.

Bybit has launched a CLUSDT perpetual contract, giving users exposure to crude oil futures with leverage of up to 50x. The contract tracks crude oil futures and is settled in USDT, trading 24 hours a day, seven days a week. The product includes a minimum price increment of 0.001, an initial margin rate of one percent and a capped funding rate of one percent, with funding fees settled every four hours. The launch follows Bybit’s earlier introduction of gold (XAUUSDT) and silver (XAGUSDT)