Crypto exchange Bybit today announced the launch of BalanceX, the first of its series of Balance Booster events, giving traders opportunities to generate risk-free annualized yield on their trading account’s wallet balance.
Flexible Terms, Maximum Returns
Bybit will release limited quantities yield vouchers of 7-, 14- and 28-day options in six separate phases. Traders can subscribe to vouchers on a first come, first served basis up to 24 hours before the start of each phrase, and hold up to one active yield voucher at a time. The maximum subscription amount is 0.25 for BTC vouchers and 10,000 for USDT vouchers.
The wallet balance used to claim yield vouchers will not be locked away and can still be used as margin. Traders can continue to trade and withdraw with zero disruption. If a trader’s daily average wallet balance falls below an active voucher’s subscription amount, however, the voucher will be forfeited. More information can be found on Bybit’s Balance Booster event page.
Surfing the Crypto Waves
As retail and institutional confidence in the crypto markets continues to surge, Bybit has registered substantial growth over the past six months. The crypto exchange recently surpassed the Chicago Mercantile Exchange (CME) to become the world’s second-largest Bitcoin futures trading platform by open interest. Its 24-hour BTC trading volume reached as high as $27 billion this year.
“As a client-centric exchange, we are always looking for ways to deliver more value to the traders using our services,” said Ben Zhou, co-founder and CEO of Bybit. “We are excited to roll out ‘Balance Booster’ and help clients earn more on their crypto assets under any market condition.”
Newly joined traders can receive up to $600 in bonuses by hitting simple milestones on Bybit. More information can be found on the exchange’s Rewards Hub.
Bybit is a cryptocurrency trading platform established in March 2018. The company provides online trading services to retail and professional clients around the world.
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