Dubai, United Arab Emirates, January 7, 2025, PakGazette
Bybit, the world’s second largest cryptocurrency exchange by trading volume, proudly announces the launch of its fixed rate lending service that gives users greater control and predictability in managing their crypto assets.
For the first time on Bybit, users can access a peer-to-peer (P2P) lending service with fixed interest rates and terms. This latest offering reflects Bybit’s continued commitment to delivering unparalleled value to its global community.
“With the launch of fixed rate lending, Bybit introduces a new way for users to lend and borrow in the crypto space. It is designed to provide stability, flexibility and efficiency, catering to the diverse needs of our customers,” said Joan Han, director of sales and marketing at Bybit. “This product is an exciting milestone for us, reinforcing our dedication to making cryptocurrencies accessible and trustworthy.”
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 life of the loan, avoiding fluctuating rates and hidden fees.
- Constant returns: Lenders receive a fixed APR, which guarantees stable returns.
- Flexible warranty: Users can choose from a wide range of collateral options, maximizing capital utilization.
- Simplified process: Features like Auto-Repay and Auto-Renew (coming soon) simplify administration.
- Secure management: Bybit directly manages both collateral and loaned assets with primary protection for providers.
Bybit’s lending terms offer flexibility and a wide selection of cryptocurrencies, including USDT, USDC, BTC, ETH, SOL, and MNT, with more to come. Loan durations are available for 7, 30, 90 or 180 days. The loan-to-value (LTV) ratio starts at 80%, with a margin of adjustment of 85% and a payoff of 92%. The minimum order amount for loans and loans is set at the equivalent of 1000 USDT. In case of liquidation, a 2% refund fee applies, ensuring a transparent and secure process for all participants.
Why choose Bybit fixed rate loan?
This new service represents Bybit’s continued evolution as a leading innovator in the cryptocurrency space. Whether the user is a borrower looking for predictable costs or a lender looking for consistent returns, fixed rate lending offers the ideal solution to navigate the dynamic world of cryptocurrencies.
#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, more open and equal ecosystem for everyone. With a strong focus on Web3, Bybit strategically partners 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, allowing builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details on Bybit, visit Bybit Press
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