Bybit’s Upgraded Flexible Savings: Earn More with Integrated Lending Features

On March 6, 2024, Bybit, a leading cryptocurrency exchange with over 20 million users, announced the integration of its Lending product into its Flexible Savings platform, creating a streamlined way for users to earn interest on their crypto assets. This update, detailed in a PRNewswire release, aims to enhance user experience by combining the flexibility of savings with lending features, catering to diverse investment strategies and risk tolerances. The consolidation, effective from January 31, 2024, automatically transferred all existing Lending assets to Flexible Savings, ensuring a seamless transition for users.

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The enhanced Flexible Savings product introduces several key features. First, it offers a dynamic annual percentage rate (APR) calculated hourly, allowing earnings to adjust to real-time market conditions for optimal returns. Second, users benefit from hourly yield accrual, enabling faster reward accumulation compared to traditional daily updates. Third, for assets like BTC, ETH, USDT, USDC, DAI, and MNT, Bybit provides “Platform Rewards APR” alongside Real-Time APR, effectively doubling earning potential on these plans. Finally, the platform simplifies participation by allowing users to subscribe directly from their Funding, Spot, or Unified Trading Accounts, eliminating the need to navigate multiple interfaces.

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8.6

Users

Users Worldwide៖​ 10 Million users

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Users

Users Worldwide៖​ 72 Million users

Welcome bonus

Claim 30,050 USDT Rewards

Get reward

Bybit’s CEO, Ben Zhou, emphasized that this integration empowers users to tailor their strategies and capitalize on market opportunities, reinforcing Bybit’s commitment to a comprehensive suite of crypto solutions. The platform’s user-friendly design, backed by a robust matching engine and 24/7 multilingual support, positions it as a top choice for crypto investors. As a partner of Oracle Red Bull Racing, Bybit continues to build trust and credibility in the crypto space.

This update reflects Bybit’s response to the evolving cryptocurrency landscape, offering a flexible, high-yield savings option that aligns with market dynamics. By combining lending and savings, Bybit ensures users can maximize returns while maintaining ease of use and adaptability.