With Bybit’s dual asset product, users can trade their ETH against their BTC holdings and vice versa, thereby optimizing the profits from both assets.
Dubai-based crypto exchange Bybit launched a new dual asset product including the top two cryptocurrencies Bitcoin and Ethereum allowing users to profit just by holding these crypto assets without having to convert them into stablecoins like USDT.
This ETH-BTC Dual Asset Product from Bybit will allow crypto holders to manage their investments in these two assets seamlessly while benefitting from their price appreciation in the long term. Thus, users can trade their ETH against their BTC holdings and vice versa, thereby optimizing the profits from both assets. Responding to the development, Joan Han, Sales & Marketing Director of Bybit said:
“Our ETH-BTC Dual Asset product is a revolutionary step for our users. This feature provides a seamless way for crypto holders to enhance their profits by utilizing the value movements of BTC and ETH, all while keeping their holdings within these major assets.”
The ETH-BTC pair provides users with a unique opportunity to earn more of both assets. By retaining their current BTC and ETH holdings, users can further capitalize on price fluctuations between the two assets, thereby optimizing their investments. This Dual Asset product is more suitable for crypto investors who prefer to hold major cryptocurrencies and seek returns without the need to convert to USDT.
Bybit Launches Block Trading Challenge for P2P Traders
Additionally, crypto exchange Bybit also launched a block trading challenge for P2P traders which will continue until the month-end August 30. During the campaign, traders need to finish the assigned Block Trading transactions.
Successful participants can earn a 200 USDT P2P coupon, enter a lucky draw for a chance to win up to 1,000 USDT, or secure a top position on the leaderboard to receive exclusive USDT prizes.
Bybit is currently the world’s second-largest crypto exchange by trading volumes and serves more than 37 million users globally. Earlier this week, the crypto exchange hit a major milestone of $107 billion in daily trading volumes which was four times the average daily trading volumes recorded by the exchange.
The surge in trading volume has been driven by high activity across various products, including perpetuals, futures, spot, and options. Bybit attributes this growth to its robust platform infrastructure and commitment to delivering an exceptional trading experience.
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