Bybit Launches Spot Trading Platform
Cryptocurrency exchange Bybit stated in its blog that the cryptocurrency exchange is launching spot trading on its platform with zero commission.
Bybit offers and provides spot trading in Bitcoin, Ethereum, XRP and EOS. In the future, the crypto exchange will expand the list of traded cryptocurrencies. Fiat exchange, margin trading and futures contracts are also available to users.
The exchange specializes in trading perpetual derivative contracts for cryptocurrencies. The maker's commission will be 0% and the taker's commission will be 0.1%. Traders are not limited to withdrawing cryptocurrency to third-party wallets.
Ben Jow, co-founder and CEO of the firm, said: -
“We are delighted to provide customers with the liquidity and reliability associated with Bybit in the spot market. Our goal is to transform Bybit into a one-stop cryptocurrency platform. Spot trading is the backbone of the cryptocurrency market and is also suitable for novice traders. "
Bybit is a cryptocurrency exchange headquartered in Singapore, registered in the Virgin Islands, founded in 2018. During its existence, the crypto exchange has provided services to more than 2.5 million users. For the first quarter of 2021, the total turnover of the exchange exceeded $ 1 trillion, and this rightfully made it possible to one of the leading places among cryptocurrency exchanges.
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