Leading crypto exchange Bybit launches spot trading

By: Daniela Kirova
Daniela Kirova
Daniela was born in Bulgaria, grew up in Chicago, and then moved to Michigan to attend the University of… read more.
on Jul 15, 2021
  • Spot trading platform supports BTC/USDT, ETH/USDT, XRP/USDT, EOS/USDT, more coming
  • Bybit delivers reliability and world-class liquidity to spot trading
  • Buyers and sellers transfer ownership of crypto assets directly on the spot market

Bybit, the biggest derivatives crypto exchange in the world, is launching crypto spot trading, Invezz learned from a press release. The exchange’s spot trading platform will go live today at 6 AM UTC and supports BTC/USDT, ETH/USDT, XRP/USDT and EOS/USDT. Bybit will add more trading pairs in the future. Maker fees are set at zero.

A stable, reliable, world-class exchange

Bybit is proud to deliver reliability and world-class liquidity to spot trading. It has proven to be a highly reliable and user-friendly exchange in all market conditions. It was one of the few to experience neither downtime nor overload throughout cryptocurrencies’ recent bull run. For asset exchanges, liquidity is one of the most significant aspects without a doubt. Bybit’s derivatives trading platform has the tightest spread and best liquidity in the world. Users get the best market execution and quotes at all times, even under the most volatile conditions. Bybit CEO and cofounder Ben Zhou assures:

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“It has been Bybit’s utmost privilege to have enjoyed the ardent support of our community and partners as we continue to grow and improve. We are excited to bring with us to spot trading the world class liquidity and reliability derivatives clients have come to associate with Bybit.” 

Spot trading enables direct ownership transfer

Spot trading allows users to purchase and sell assets at the current market rate once an order is filled. This happens on the spot, hence the name. Buyers and sellers transfer ownership of crypto assets directly on the spot market. Crypto spot trading facilitates derivatives traders’ hedging strategies on a more advanced level. It’s also a basic starting point for new market entrants.

Laser-sharp focus on customer service  

Bybit’s customer support focused services and retail focused products make crypto trading more accessible to all kinds of users around the world, guaranteeing an enjoyable and seamless trading experience. The professional platform delivers community support in multiple languages, great customer service, and a super-fast matching engine. The company provides cloud mining products, novel online trading services, and API support to retail and professional clients worldwide.  

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