Bybit opens up crypto loans

• Bybit users can now earn interest payments on unused cryptocurrency assets.
• Das Bybit Lending offers interest and no deposit periods for returns and deposits.
• The loan service will act as an intermediary between lenders and lenders.

The popular cryptocurrency exchange by BYBIT Lending has introduced your credit service branch, which enables users to earn high -interest payments for their unused cryptocurrency systems.

The new product offers users an additional way to capitalize from their cryptoinvestitations and generate passive income.

Bybit now joins Binance, OKX and Kucoin to offer credit services. The Coinbase stock exchange based in the USA gave plans for the introduction of credit services after the US stock exchange supervisory authority (SEC) had submitted the offer of a securities.

Passive income options for Bybit users

Bybit Lending offers a high effective annual interest and offers users the opportunity to achieve a passive income with the crypto-assets they have kept instead of letting them sit on the stock exchange inactive.

Interestingly, interest on the crypto-assets deposited for rental are paid every hour, whereby the users have flexibility to deposit and redeem their assets at any time. This makes it easy for users to take advantage of the fluctuations in the cryptom market.

The stock exchange made the loan service accessible to both beginners and experienced customers thanks to a simple four -stage process. Thanks to the advanced risk management systems of the stock exchange, the stored assets remain secure throughout the lending process.

In addition to the advantages for lenders, borrowers also have the option of absorbing crypto loans for various earnings strategies, including trading with permanent contracts and the capitalization of spreads on Bybit Earn. However, borrowers have to deposit collateral that are at least as high as the loan they want to take out.