Bybit, the second largest cryptocurrency exchange in the world by volume, has introduced the spot margin trade for European platform users with an leverage of up to 10 times, which meets the markets of the region in cryptographic assets (Mica) regime.
The service, announced on Monday, allows BYBIT EU users, based in Austria, to borrow funds against their existing cryptographic holdings, using them as a guarantee to buy or sell more active than their wallet balance would allow otherwise.
For example, a user with $ 100 can borrow additional funds to execute a $ 1,000 operation using 10 × leverage, amplifying the potential profits and losses of small market movements, Bybit said in a press release.
The bedding of the Mica in Europe regime has seen regulated companies explore a broader range of cryptographic products. For example, Bitpanda, which is also regulated by the Austrian financial market authority (FMA)He introduced the Margen Spot 10x trade, at the end of last month.
The Bybit EU spot margin has built -in safeguards, such as liquidation controls to prevent losses from accumulating and real -time interest rates, margin requirements and collateral relationships, the asset per active, the exchange said.
“Margen Spot trade is a powerful tool, but only when combined with transparency, risk education and user control,” said Mazurka Zeng, CEO of Bybit EU in a statement.
