{"id":72591,"date":"2022-10-10T11:21:26","date_gmt":"2022-10-10T11:21:26","guid":{"rendered":"https:\/\/pr.asianetpakistan.com\/?p=99596"},"modified":"2022-10-10T11:21:26","modified_gmt":"2022-10-10T11:21:26","slug":"bybit-users-to-make-the-most-of-their-capital-with-new-loans","status":"publish","type":"post","link":"https:\/\/jordannewsgazette.com\/bybit-users-to-make-the-most-of-their-capital-with-new-loans\/","title":{"rendered":"Bybit Users to Make the Most of Their Capital With New Loans"},"content":{"rendered":"
VICTORIA, SEYCHELLES –\u00a0Media OutReach<\/strong><\/a>\u00a0– 10 October 2022 – Bybit, the world\u2019s third most visited crypto exchange, today launched its Crypto Loans service, which provides the platform\u2019s 10 million users access to collateralized loans allowing them the freedom to manage their own capital efficiency.<\/a><\/p>\n Bybit\u2019s Crypto Loans allow users to access liquidity without needing to sell their cryptocurrency. Instead, they can use their digital assets as collateral to borrow popular coins like BTC, ETH, and or XRP, as well as stablecoins like USDT and USDC.<\/p>\n Bybit Crypto Loans come with a host of advantages: loaned funds are available immediately and can be repaid at any time with no penalties; they come with excellent interest rates and there are even preferential rates available. Finally, paying back the loan is a matter of a few simple clicks.<\/p>\n The ability to take out loans against idle funds allows investors to make their capital work harder, go further,\u00a0 and maximize opportunity costs. It also provides the ability to hedge portfolios and take out short, and delta-neutral positions.<\/p>\n For example, Bybit users who don\u2019t want to sell their assets can take out a loan to perform a short-term trade, buy a passive income product from Bybit Earn that earns a higher rate of interest than the cost of the loan, or even withdraw the funds to spend elsewhere. In particular, USDT Perpetual traders can increase their Position Margin by collateralizing their assets and borrowing USDT to add to their margin.<\/p>\n \u201cThere are vast opportunities for our investors in this bear market,\u201d said Ben Zhou, co-founder and CEO of Bybit. \u201cBybit Crypto Loans provide maximum flexibility. Savvy users can now put their stablecoin and crypto stacks to work to increase their crypto asset holdings, and take advantage of the many trading and passive income opportunities available on Bybit and beyond.\u201d<\/p>\n About Bybit<\/strong><\/p>\n Bybit is a cryptocurrency exchange established in March 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 racing team, Oracle Red Bull Racing, esports teams NAVI, Astralis, Alliance, Virtus.pro, Made in Brazil (MIBR), City Esports, and Oracle Red Bull Racing Esports, and association football (soccer) teams Borussia Dortmund and Avispa Fukuoka.<\/p>\n For more information please visit: https:\/\/www.bybit.com\/<\/a><\/p>\n For updates, please follow Bybit’s social media platforms on<\/p>\n https:\/\/discord.com\/invite\/bybit<\/strong><\/a>
\n<\/u><\/strong>https:\/\/www.facebook.com\/Bybit<\/strong><\/a>
\n<\/u><\/strong>https:\/\/www.instagram.com\/bybit_official\/<\/strong><\/a>
\n<\/u><\/strong>https:\/\/www.linkedin.com\/company\/bybitexchange\/<\/strong><\/a>
\n<\/u><\/strong>https:\/\/www.reddit.com\/r\/Bybit\/<\/strong><\/a>
\n<\/u><\/strong>https:\/\/t.me\/BybitEnglish<\/strong><\/a>
\n<\/u><\/strong>https:\/\/www.tiktok.com\/@bybit_official<\/strong><\/a>
\n<\/u><\/strong>https:\/\/twitter.com\/Bybit_Official<\/strong><\/a>
\n<\/u><\/strong>https:\/\/www.youtube.com\/c\/Bybit<\/strong><\/a><\/p>\n