Bybit Introduces 20x Leverage for IRYSUSDT

Bybit has introduced the IRYSUSDT Perpetual Contract in its Innovation Zone, allowing up to 20x leverage. This move enhances trading options for the IRYS token, which is settled in USDT.

Bybit and Binance Futures have both introduced IRYSUSDT perpetual contracts around November 26–27, 2025, reflecting a growing interest in derivative trading for the IRYS token. Bybit's Announcement Team stated, "We are excited to announce the listing of the IRYSUSDT perpetual contract in our Innovation Zone, enabling traders to engage with a new derivative trading option with up to 20x leverage." This listing could indicate increased adoption of new token trading options.

IRYSUSDT Liquidity Boost Expected on Bybit

The introduction of the IRYSUSDT perpetual contract on Bybit may boost liquidity for the IRYS token. Traders can now engage in high-leverage trading, which may alter the dynamics of the token's market activity.

Speculations suggest a potential increase in trading volume, but the actual financial impact is yet to be realized. Future data monitoring and community feedback will be essential to understand longer-term market effects.

Short-term Volume Surge from Derivatives Listings

In previous cases, such derivative listings, like Binance’s recent IRYSUSDT contracts, often led to short-term volume increases. These listings can contribute to volatility but depend on broader market trends for lasting price effects.

Experts from Kanalcoin identify this as an opportunity for increased IRYS engagement via derivatives. Observers suggest tracking liquidity patterns and market responses to evaluate upcoming market shifts.