TL;DR
- Bybit launches the ETH-BTC Dual Asset product, allowing users to trade BTC and ETH without converting to USDT.
- The new product is designed to enhance investment management in BTC and ETH, providing an efficient way to leverage value movements without converting to stablecoins.
- Bybit has also initiated a block trading campaign for P2P traders until August 30, offering USDT prizes for completing transactions.
Bybit, one of the largest cryptocurrency exchanges in the world, has announced the launch of an innovative product called ETH-BTC Dual Asset. This new product is designed to enable users to manage and trade Bitcoin (BTC) and Ethereum (ETH) without the need to convert these assets into stablecoins like USDT. The feature allows trading ETH against BTC and vice versa, giving investors the opportunity to benefit from price fluctuations between these two significant crypto assets.
The ETH-BTC Dual Asset product aims to provide a smooth and efficient way for users to maximize their returns by keeping their investments in BTC and ETH. According to Joan Han, Sales and Marketing Director at Bybit, this feature represents a breakthrough for users, offering a continuous way to leverage value movements between the assets while keeping investments within major cryptocurrencies.
Bybit works diligently to improve the trading experience for users and strengthen its position in the crypto market. The product is specifically targeted at investors who prefer to hold large amounts of cryptocurrencies and wish to optimize their returns without the hassle of converting to stablecoins. Bybit expects this new product to attract users seeking a more dynamic and efficient investment management approach.
ByBit Quadrupled Its Daily Trading Volume
In parallel, the exchange has also launched a block trading campaign for P2P traders, which will run until August 30. During this campaign, participants will have the opportunity to complete assigned transactions to earn 200 USDT coupons, enter a draw to win up to 1,000 USDT, or secure a top position on the leaderboard to receive exclusive USDT prizes.
Bybit, currently the second-largest exchange by trading volume, recently reached a daily transaction volume of $107 billion, representing a fourfold increase over the previously recorded average. The company attributes this growth to its robust platform infrastructure and commitment to delivering an exceptional trading experience.
