Auzzi Shopping

Men's Weekly

.

Bybit Introduces a New Era of Hassle-Free Crypto Lending

  • Written by Auzzi Shopping

DUBAI, UNITED ARAB EMIRATES - Media OutReach - 2 May 2023 - Bybit, the third most visited crypto exchange in the world, has announced the launch of its new lending service: Bybit Lending.

This cutting-edge product lets users earn high-interest payouts on their idle crypto assets.

Bybit Lending offers a high APR, making it a convenient and lucrative way for users to earn passive income. Interest is paid hourly and users can deposit and redeem their funds anytime, allowing them to make the most of market fluctuations. The product also benefits from Bybit's state-of-the-art risk management systems, ensuring users' assets are secured throughout the lending process.

By following four straightforward steps, users can embark on their lending journey with Bybit via the website or Bybit App version 4.16, making the lending product accessible for new and experienced clients alike. Lenders simply contribute their idle crypto assets to a pool to earn interest payouts.

Borrowers can utilize loans for multiple earning strategies, such as trading Bybit's perpetual contracts or capturing a spread using Bybit Earn. All borrowers will post collateral greater than/equal to the loan amount to ensure the safety of lenders' capital.

Bybit Lending is an intermediary, bridging the gap between borrowers and lenders in the crypto environment. And with Bybit's enhanced KYC, AML, and proof of reserves, the process is as transparent as it is seamless.

"At Bybit, we believe in offering our users multiple avenues to generate passive income," said Ben Zhou, co-founder, and CEO. "Bybit Lending allows users to utilize strategies such as borrowing from liquidity providers, carry trading, and taking advantage of high APR, giving our users various new options to grow their wealth."

"By offering attractive returns on idle cryptocurrencies, we are again bringing next-level opportunities to our users in the area of capital efficiency," said Zhou. "This is another step on our mission to making the world of Web3 more accessible and uncomplicated."

More From Bybit


Hashtag: #Bybit #NextLevelProducts

The issuer is solely responsible for the content of this announcement.

About Bybit

Bybit is a cryptocurrency exchange established in 2018 that offers a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service and multilingual community support. Bybit is a proud partner of Formula One's reigning Constructors' and Drivers' champions, the Oracle Red Bull Racing team, esports teams NAVI, Astralis, Alliance, Made in Brazil (MIBR), and Oracle Red Bull Racing Esports, and association football (soccer) team Borussia Dortmund.

For more information please visit:

For updates, please follow:










Today's Features at Auzzi

Executive Recruitment Melbourne: Connecting Top Talent with Leading Organisations

In a competitive business landscape, leadership defines success. The right executive team can transform an organisation’s performance, drive innovation, and shape long-term strategy. How...

Property Advisory Services: Expert Guidance for Smarter Real Estate Decisions

Property investment is one of the most powerful ways to build wealth, but it also comes with complexities that require informed decisions. From market analysis to portfolio management, eve...

Everything You Need to Know About Australian Pinot Noir

Pinot Noir, pronounced "pee-noe-nwarh," is one of the most loved red wine varieties that wine lovers appreciate. Enough about the bold Australian Shiraz that everyone keeps raving about. If ...

The Rise of 'Sober-Gifting': What to Buy Your Friend Who's Not Drinking

So your best friend has stopped drinking alcohol, and now your usual gift of fancy wine seems about as useful as a chocolate teapot. Welcome to the exciting world of sober gifting! Whether t...

Common Liquid Filling Challenges and How to Solve Them

Liquid filling plays a critical role in industries such as food and beverage, pharmaceuticals, cosmetics, and chemicals. Precision, speed, and product integrity are all key — but achievi...

Elevate Your Space with Premium Shutters and Blinds in Sydney

Windows play a vital role in defining the look, comfort, and functionality of any home. Investing in quality window coverings not only enhances the aesthetic appeal of your interiors but als...

Design Freedom Without Fragmentation: Structuring Content for Flexibility

Brands in the digital age need to balance stability and freedom. Designers want the capability to explore layouts, imagery, and narrative methods to attract attention. Businesses require t...