Bybit Launches Fixed Rate Loan Service for Crypto Users

Bybit Introduces Fixed Rate Loan Service

Bybit, the world's second-largest cryptocurrency exchange by trading volume, has announced the launch of its Fixed Rate Loan service. This innovative offering provides users with enhanced control and predictability in managing their cryptocurrency assets. The service allows users to engage in peer-to-peer (P2P) loans with fixed interest rates and terms, marking a significant step in Bybit's commitment to delivering value to its global user community.

Key Features and Benefits

The Fixed Rate Loan service by Bybit offers several advantages to both borrowers and lenders. Borrowers benefit from predictable costs as they can lock in a fixed interest rate for the duration of their loan, eliminating concerns over fluctuating rates and hidden fees. Meanwhile, lenders enjoy steady returns with a fixed annual percentage rate (APR).

Users have the flexibility to select from a wide range of collateral options, optimizing their capital utilization. The process is streamlined with features like Auto-Repay and the upcoming Auto-Renew, simplifying loan management. Bybit manages both collateral and loaned assets securely, offering principal protection for suppliers.

Flexible Terms and Diverse Options

Bybit provides flexible loan terms with durations of 7, 30, 90, or 180 days. Users can choose from a selection of cryptocurrencies including USDT, USDC, BTC, ETH, XRP, SOL, and MNT, with plans to expand further. The Loan-to-Value (LTV) ratio starts at 80%, with a margin call at 85% and liquidation at 92%. A transparent process is ensured with a 2% repayment fee applied in case of liquidation. The minimum order amount for borrowing and lending is set at 1,000 USDT equivalent.

Why Choose Bybit?

This new service underscores Bybit's evolution as a leader in crypto finance, offering ideal solutions for both borrowers seeking predictable costs and lenders aiming for reliable returns. Bybit continues to redefine the crypto finance landscape, bridging the gap between traditional and decentralized finance.