Dubai, United Arab Emirates, January 7th, 2025,
Chainwire
Bybit, the world’s second-largest cryptocurrency
exchange by trading volume, proudly announces the launch of its
Fixed Rate Loan service
empowering users with greater control and predictability in
managing their crypto assets.
For the first time ever at Bybit, users
can access a peer-to-peer (P2P) loan service with fixed interest
rates and terms. This latest offering reflects Bybit’s ongoing
commitment to delivering unparalleled value to its global
community.
“With the launch of Fixed Rate Loan, Bybit is
introducing a fresh way for users to lend and borrow in the crypto
space. It’s designed to provide stability, flexibility, and
efficiency, catering to the diverse needs of our customers,” said
Joan Han, Sales and Marketing Director at Bybit. “This product is
an exciting milestone for us, reinforcing our dedication to making
crypto finance accessible and reliable.”
What Sets Bybit’s Fixed Rate
Loan Apart?
Bybit offers several advantages for
both borrowers and lenders:
- Predictable Costs: Borrowers lock in a fixed
interest rate for the loan’s duration, avoiding fluctuating rates
and hidden fees.
- Steady Returns: Lenders receive a fixed APR,
ensuring stable returns.
- Flexible Collateral: Users can choose from a
wide range of collateral options, maximizing capital
utilization.
- Streamlined Process: Features like Auto-Repay
and Auto-Renew (coming soon) simplify management.
- Secure Management: Bybit directly manages both
collateral and loaned assets with principal protection for
suppliers.
Bybit's loan terms offer flexibility and a wide selection of
cryptocurrencies, including USDT, USDC, BTC, ETH, XRP, SOL, and
MNT, with more to be added. Loan durations are available for 7, 30,
90, or 180 days. The Loan-to-Value (LTV) starts at 80%, with a
margin call at 85% and liquidation at 92%. The minimum order amount
for borrowing and lending is set at 1,000 USDT equivalent. In the
event of liquidation, a 2% repayment fee applies, ensuring a
transparent and secure process for all participants.
Why Choose Bybit’s Fixed Rate
Loan?
This new service represents Bybit’s
continued evolution as a leading innovator in the crypto finance
space. Whether the user is a borrower seeking predictable costs or
a lender aiming for steady returns, Fixed Rate Loan offers the
ideal solution to navigate the dynamic world of cryptocurrency.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest
cryptocurrency exchange by trading volume, serving a global
community of over 60 million users. Founded in 2018, Bybit is
redefining openness in the decentralized world by creating a
simpler, open, and equal ecosystem for everyone. With a strong
focus on Web3, Bybit partners strategically with leading blockchain
protocols to provide robust infrastructure and drive on-chain
innovation. Renowned for its secure custody, diverse marketplaces,
intuitive user experience, and advanced blockchain tools, Bybit
bridges the gap between TradFi and DeFi, empowering builders,
creators, and enthusiasts to unlock the full potential of Web3.
Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please
visit Bybit Press
For media inquiries, please contact:
media@bybit.com
For updates, please follow: Bybit's Communities and Social
Media
Contact
Head of PR
Tony
Au
Bybit
tony.au@bybit.com