Updated · Jun 24, 2022
Bybit Enters The Spot Trading Market
Updated · Feb 21, 2022
One of the biggest crypto futures exchanges, Bybit, announced on the 15th of July, the launch of a spot trading platform with zero maker fees. It currently offers BTC/USDT, ETH/USDT, XRP/USDT, and EOS/USDT, with more options to follow soon.
Bybit is finally entering the crypto spot trading market.
"Now that we are comfortably at the top of the derivatives-only lane, and managed to stay operational throughout the bull run as virtually all our peers experienced overload and downtime, we feel it is time that we brought the same level of reliability Bybit has embodied in derivatives to spot,” said CEO Ben Zhou.
Spot trading is now available on both the app and the browser version.
Zero Maker Fees
Traders won’t have to pay any maker fees. Zhou announced that this is not a limited offer, but a life-long one.
The platform’s taker fees are 0.1% of the trading volume. Taker orders are immediately matched against an order that’s already on the book, which removes liquidity and so, the fees are usually higher.
To ensure the liquidity of the spot trading offering, Bybit has an incentive program in place for market makers. According to Zhou, all market makers have access to the testing environment.
The CEO also revealed that the platform will launch options trading. While he did not specify a date, it will be by the end of the year.
Citizens of restricted jurisdictions won’t have access to spot trading. Locations include:
- Mainland China
- North Korea
For a limited time, Bybit users can enjoy a 10% discount on all trading pairs for a month. Start trading today!
Teodora devoted her whole life to words – reading, writing and trying to be original on social media. She got certified in digital marketing but still feels she’s not cool enough to be an influencer. (We all disagree – she influences the team pretty well.) She finished a master’s degree focused in Literature, Publishing, Mass Media. Her hobbies include traveling, and reading. Teddy hopes that yoga will be the thing to finally teach her some patience and show her the path toward world domination. Maybe modern tech can also help her with that.
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