Bybit Unveils a Fee-Free Model for P2P Trading in Response to Soaring Memecoin Interest

Cryptocurrency exchange Bybit Bybit has launched a zero-cost framework for its peer-to-peer (P2P) trading service. This groundbreaking step wipes out fees for both buyers and sellers, with the goal of maximizing savings and boosting profits for traders around the globe.

This zero-cost arrangement applies to every fiat trading pair available on Bybit's P2P platform, enabling traders to perform transactions without facing any financial barriers. This ensures that costs do not interfere with the trading activities of takers responding to advertisements or makers setting up new trade opportunities.

As a major player in the cryptocurrency space, boasting a 99.99% anti-fraud success rate, the exchange emphasizes its dedication to safety through continuous updates, risk management strategies, and robust user assistance.

Founded in 2018, Bybit With over 20 million users, Bybit ranks as one of the leading cryptocurrency exchanges by trading volume. The platform supports cryptocurrency transactions through a vast array of over 570 payment methods and caters to more than 60 local currencies, ensuring a seamless trading experience with a simple three-step process.

Bybit Makes Moves as Memecoin Trading Activity Surges

The launch of this feature on Bybit's trading platform coincides with a wider resurgence in the cryptocurrency market, especially as more investors turn their attention to meme coins.

In the past week, the trading frenzy around memecoins on the Solana (SOL) blockchain has propelled on-chain volumes to a record high in USD terms.
Fueling activity on Solana The latest trending token, Book of Meme (BOME), has garnered significant attention, debuting on the Binance exchange and skyrocketing in value by around 1500% shortly after its launch just days ago.

"According to the creator of the popular Book of Meme (BOME) token, this memecoin is more than just a currency; it's an art piece. Today alone, Bybit users traded a staggering $150 million worth of this coin. The underlying message of memecoins is clear: if central banks can print worthless currency from thin air, so can we,\" remarked Nathan Thompson, the chief tech writer at Bybit to Cryptocurrencylistings.

In parallel, presales have seen impressive growth recently. An artist under the name Kero started a presale, sharing a wallet address that rapidly gathered funds, reportedly amassing nearly 55,000 SOL, equivalently close to $10.66 million at today's exchange rates. Additionally, dog-themed Solana-based memecoins like (BONK) continue to thrive, generating substantial trading activity amid the real-time launch of new memecoins. Dogwifhat (WIF) and Bonk With this fee-free initiative for its P2P trading platform, Bybit seeks to elevate the trading experience for its users in light of the increasing interest and activity spurred by the memecoin phenomenon.

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