World News – GB – Bybit Adds New Trading Pairs As Trading Volume Rises


To promote the launch of four new trading pairs, Bybit is offering users a discount on trading fees and running a lottery program to entice them to participate

Bybit has added support for several new trading pairs to its derivatives exchange, bringing the number of cryptocurrencies it supports to seven Perpetual contracts for USDT with ETH, LTC, XTZ and LINK have been added to the derivatives platform, which continues to strengthen

The introduction of new markets, at a time when other derivatives exchanges are mired in trouble, bodes well for Bybit and for the traders who have flocked to the platform this year following the first World Series of Trading contest The event put Bybit on the map, not only within the crypto community, but sparked interest from the trading world at large, including poker pros and forex veterans Bybit’s addition of new trading pairs adds more weapons to its arsenal and more possibilities for traders

Bybit’s perpetual swap contracts are paired with USDT, which serves as the base currency. New markets, ETH / USDT, LINK / USDT, LTC / USDT and XTZ / USDT, were added on October 21, giving traders the ability to make buy or sell trades with leverage BTC remains the dominant market on Bybit, with around 73% of total volume, followed by ETH at 18%

The introduction of LINK will be particularly welcome for Bybit traders; Chainlink’s native token is a favorite among futures pros, and sees robust volume on other derivatives exchanges, including Binance Futures.It was also recently added to BitMEX, but news was lost in the middle larger events that saw the incorporated exchange in Seychelles make headlines The indictment of its founders and management team, and the arrest of technical director Samuel Reed, sent shockwaves through across the industry – and saw the cold BitMEX wallet exhausted as users pulled out at the earliest available opportunity

BitMEX isn’t the only centralized exchange that has been going through a scorching spell lately; days before indictments were handed down by US prosecutors, KuCoin was hacked by $ 150 million Then this week the industry woke up to learn that OKEx was unable to process withdrawals because that one of its founders was in the custody of Chinese authorities investigating allegations of money laundering Derivatives exchanges Binance Futures and Bybit are likely to be the earliest beneficiaries of their rivals’ misfortune – with decentralized exchanges In the hours following the announcement of withdrawal issues from OKEx, the native UNI token of Uniswap increased by 10%

To promote the launch of four new trading pairs, Bybit is offering users a discount on trading fees and running a lottery program to encourage participation It has also rolled out a $ 10 BTC bonus until the end of the month, awarded to users who recommend friends to join, in addition to the 10-20% discount on trading fees already in place

With over $ 600 million traded daily on Bybit and support for 20 new fiat currencies added in August, the exchange is booming

Graduated in Intercultural Communication, Julia continued her studies by pursuing a Masters in Economics and Management Becoming captured by innovative technologies, Julia became passionate about exploring emerging technologies believing in their ability to transform all spheres of our life

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World News – GB – Bybit Adds New Trading Pairs As Trading Volume Grows



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