Crypto exchange Bybit has expanded its derivatives lineup with the launch of the PRLUSDT perpetual contract, offering traders up to 25x leverage on the Perle (PRL) token.
The new contract now live in Bybit’s Innovation Zone, a segment typically reserved for newer or higher-risk assets. Trading is available around the clock, with settlements conducted in USDT and funding fees applied every four hours.
Bybit’s perpetual contract allows traders to take long or short positions without an expiration date, as long as margin requirements are maintained. The exchange also supports USDT- and USDC-settled perpetual contracts, where profits, losses, and margins are calculated in stablecoins, giving traders flexible options for leveraged trading.
$PRL is now trading on @Bybit_Official with PRLUSDT perpetuals now live.
PRL is now live on one of the fastest-growing global trading platforms, expanding access to the Perle ecosystem and the network behind expert-validated data for AI.
Markets and trading details:… pic.twitter.com/RS40AvDneD
— Perle Foundation (@PerleFDN) March 27, 2026
High-leverage trading meets emerging assets
The PRLUSDT contract tracks the price of Perle (PRL) and introduces a capped funding rate of 2%, alongside a tick size set at 0.0001. Bybit’s decision to list the asset in its Innovation Zone signals both opportunity and elevated risk, with higher trading fees applied compared to standard listings.
Perpetual contracts, which allow traders to speculate on price movements without expiry, remain a core product in crypto derivatives markets. The addition of PRL reflects ongoing demand for exposure to emerging tokens, particularly those gaining traction within niche ecosystems.
Flexible parameters and market positioning
Bybit noted that contract specifications, including leverage limits, margin requirements, and funding rates, may be adjusted over time in response to market conditions. This flexibility is standard practice in derivatives trading, where volatility can rapidly shift risk profiles.
The listing comes amid continued competition among exchanges to capture derivatives volume, a segment that consistently outpaces spot trading in liquidity and activity. By introducing PRLUSDT, Bybit is positioning itself to attract traders seeking higher-risk, high-reward opportunities tied to newer digital assets. Meanwhile, Bybit launched a series of new stablecoin initiatives featuring USDC and EURC to promote regulated digital asset usage across the European Economic Area.
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