DUBAI, UAE, Aug. 19,
2024 /PRNewswire/ -- Bybit, the world's
second-largest cryptocurrency exchange by trading
volume, is bolstering user protection against Bitcoin
price fluctuations. The platform has introduced new tools to
safeguard BTC positions from market volatility and extreme price
movements. To encourage adoption, Bybit P2P users can now activate
BTC price protection and earn rewards by simply signing up on the
event page until September 16,
11:00 PM UTC.
Price protection is a valued tool for prudent investors looking
to mitigate volatility risks. Offering protection against irregular
market conditions, the Bybit P2P BTC price protection feature
helps users anchor in their starting position despite price
movements against downside risks.
Bybit P2P users may register for the campaign before making a
first-time deposit of more than 100 USDT in order to trade in BTC
through Bybit's Spot exchange. Users must hold the BTC until the
end of the event to be eligible for the potential subsidy of up to
100 USDT.
Upon successful completion of the task, users can sit back and
enjoy instant BTC price protection: should the BTC price drop below
the initial average purchase price on the final day of the event,
Bybit will subsidize the difference up to 100 USDT based on the
amount of BTC held.
"Whether it is platform stability, product variety, or
protection mechanism, Bybit is committed to supporting our
community the best we can. And our P2P BTC Price Protection is one
of our latest features to help our customers achieve peace of mind
in trading," said Joan Han, Sales
and Marketing Director of Bybit.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world's second-largest cryptocurrency
exchange by trading volume, serving over 40 million users.
Established in 2018, Bybit provides a professional platform where
crypto investors and traders can find an ultra-fast
matching engine, 24/7 customer service, and multilingual community
support. Bybit is a proud partner of Formula One's reigning
Constructors' and Drivers' champions: the Oracle Red Bull Racing
team.
For more details about Bybit, please visit Bybit Press.
For media inquiries, please contact: media@bybit.com
For more information, please visit: https://www.bybit.com
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SOURCE Bybit