Bybit Unveils Fixed Rate Loan Service, Offering Stability, Flexibility, and Sustainable Returns

Cryptocurrency exchange Bybit Bybit has officially rolled out its Fixed Rate Loan service, enabling users to exercise better control over and achieve predictability in their cryptocurrency management.

“With the introduction of the Fixed Rate Loan feature, Bybit is pioneering a new avenue for individuals to lend and borrow within the crypto ecosystem. This innovation aims to ensure stability, adaptability, and efficiency, meeting the varied demands of our clientele,” stated Joan Han, Bybit’s Sales and Marketing Director, in an official release. “This offering represents a significant advancement in our quest to make cryptocurrency finance more accessible and dependable.”

For the first time, Bybit gives its users access to a peer-to-peer (P2P) lending service with fixed interest rates and clear terms. This development underlines Bybit’s commitment to providing real value to its diverse global audience.

What Distinguishes Bybit’s Fixed Rate Loan?

Bybit provides numerous advantages for both borrowers and lenders, including predictable costs that allow borrowers to secure a fixed interest rate throughout the loan period, which removes uncertainties associated with rate volatility and hidden charges. Lenders can benefit from stable annual percentage rates (APR), ensuring consistent earnings. Additionally, flexible collateral options enable users to choose from a variety of options, enhancing capital efficiency. Features like Auto-Repay and Auto-Renew make loan management hassle-free. Notably, Bybit oversees both collateral and loaned assets directly, securing principal protection for lenders.

The loan terms are designed with user flexibility in mind, featuring a wide selection of cryptocurrencies, including USDT, USDC, BTC, ETH, XRP, SOL, and MNT, with plans for more to be added later. Loan durations can be selected for periods of 7, 30, 90, or 180 days, with a Loan-to-Value (LTV) ratio starting at 80%. A margin call occurs at 85%, while liquidation happens at 92%. The minimum amount for borrowing and lending is set at the equivalent of 1,000 USDT, and should liquidation occur, a 2% repayment fee is enforced, ensuring a transparent and secure process for all involved.

This service marks a progressive stride in Bybit's journey as a prominent player in the cryptocurrency finance arena. Whether you're looking for stable costs as a borrower or consistent returns as a lender, the Fixed Rate Loan service presents an ideal avenue for navigating the fast-changing cryptocurrency landscape.

Bybit Renowned for its significant trading volumes and a customer base exceeding 50 million, Bybit caters to both cryptocurrency traders and investors. The platform is equipped with an array of features, including a state-of-the-art matching engine, 24/7 customer support, and multilingual options to guarantee a seamless experience for its global clientele.

Recently, Bybit has released a report On cryptocurrency derivatives analysis, a report produced in collaboration with Block Scholes—a firm specializing in crypto-asset derivatives tools—offers valuable insights into trends associated with open interest and marketplace behavior leading up to the expiration of year-end options for Bitcoin (BTC) and Ethereum (ETH).