Bybit is one of the most popular crypto margin trading exchanges in the world. The paltform lets you trade popular cryptos like Bitcoin, Ethereum, EOS & XRP with up to 100x leverage. In this guide, we’ll be answering the question; ‘Does Bybit Have Cross Leverage?’ and showing you exactly what it is and why a lot of traders swear by it.
Bybit does have cross leverage, and they call it ‘Cross Margin’. It is used to mitigate risk on the positions open on your Bybit account.
What Is Cross Margin on Bybit?
Cross leverage/margin are the same things – just different names given by different exchanges. For the purpose of this guide, we’ll call it cross margin.
Cross margin is a risk-management tool on Bybit which allows a trader to mitigate risk by using their total account balance as collateral on their positions. For this reason, it makes liquidations less likely, as it will prevent it from happening if you have the available funds elsewhere in your account. Here are some of the pros and cons of cross margin:
- Liquidations less likely
- Great for advanced traders
- Good if you open multiple positions
- Not ideal for beginner traders
- Traders can lose more in the case of a liquidation
- Needs to be used carefully
For more information on Bybit’s cross margin, check out their detailed guide here.