On-chain entertainment escalates with the arrival of Bybit's new Web3 platform, offering adrenaline-pumping excitement and a whopping $200,000 in prizes.

On-chain entertainment escalates with the arrival of Bybit's new Web3 platform, offering adrenaline-pumping excitement and a whopping $200,000 in prizes.

Bybit Web3 Launches, Simplifying On-Chain Trading and DeFi

Bybit, the second-largest cryptocurrency exchange by trading volume, has relaunched its Web3 platform, offering a barrier-free on-chain experience and bridging the gap between TradFi and DeFi.

The latest iteration of Bybit Web3 introduces several new features designed to simplify and enhance the on-chain trading and DeFi experience. Key features include:

1. Unified Trading Account (UTA): Bybit Web3 removes the need for users to manage multiple external Web3 wallets and gas tokens (crypto fees for transactions). Instead, users operate through a UTA that uses familiar stablecoins (USDT, USDC) and tokens like SOL and bbSOL for seamless trading and DeFi activities—all within one user-friendly interface.
2. Integration of DeFi and TradFi: The platform bridges Centralized Finance (TradFi) and Decentralized Finance (DeFi), allowing users to trade both centralized and decentralized assets easily, underpinned by secure, integrated tools aimed at democratizing access to DeFi for a broad user base worldwide.
3. Expanded Asset Universe: The launch added eight new tokens such as Ava AI (AVA), TROLL, The Spirit of Gambling (Tokabu), Housecoin, unstable coin (USDUC), Uranus, PYTHIA, and Illusion of Life (SPARK). These can be traded directly using USDT, USDC, SOL, and BBSOL through the UTA, with proceeds automatically credited back to the unified account.
4. Seamless Switching Between CEX and Web3: Users can easily navigate between Bybit's centralized exchange and the Web3 ecosystem to trade popular on-chain assets on the Solana network.
5. User Incentives and Rewards: To encourage usage, a limited-time prize pool of 200,000 USDT is offered to eligible users until September 7, 2025, via task-based incentives and trading competitions.

Bybit Web3's benefits lie in removing technical barriers, offering a unified and streamlined platform for on-chain and DeFi trading, expanding token choices, and bridging centralized and decentralized finance to make Web3 accessible to millions of users globally with improved usability and incentives.

For traditional businesses new to crypto, Bybit Web3 simplifies DeFi interactions with no technical setup hurdles, leveraging the UTA for on-chain asset trades without requiring blockchain expertise or complex wallet management.

Access Bybit Web3 at Bybit.com and step into a future of simplified on-chain trading and DeFi.

[1] Bybit Web3: A New Era for On-Chain Trading and DeFi. (n.d.). Bybit Blog. Retrieved from https://blog.bybit.com/bybit-web3-a-new-era-for-on-chain-trading-and-defi/

[2] Bybit Web3: Unified Trading Account (UTA) and Expanded Asset Universe. (n.d.). Bybit Blog. Retrieved from https://blog.bybit.com/bybit-web3-unified-trading-account-uta-and-expanded-asset-universe/

[3] Bybit Web3: Task-Based Incentives and Trading Competitions. (n.d.). Bybit Blog. Retrieved from https://blog.bybit.com/bybit-web3-task-based-incentives-and-trading-competitions/

[4] Bybit Web3: Simplifying DeFi for Traditional Businesses. (n.d.). Bybit Blog. Retrieved from https://blog.bybit.com/bybit-web3-simplifying-defi-for-traditional-businesses/

[5] Bybit Web3: A Simplified Approach to Web3. (n.d.). Bybit Blog. Retrieved from https://blog.bybit.com/bybit-web3-a-simplified-approach-to-web3/

1. The unified trading account (UTA) in Bybit Web3 revolutionizes crypto trading by simplifying the management of multiple Web3 wallets and gas tokens, allowing users to operate and engage in DeFi activities with stablecoins like USDT, USDC, SOL, and bbSOL for seamless transactions, all housed within a user-friendly interface.
2. Bybit Web3 fosters an accessible bridge between traditional finance (business and finance) and decentralized finance (DeFi), as it provides a simplified approach to on-chain trading, enabling users to easily trade both centralized and decentralized assets, relying on secure, integrated tools that are designed to democratize access to DeFi for a broad user base worldwide.
3. In addition to enhancing the user experience, Bybit Web3's expansion of its asset universe now includes new tokens like Ava AI (AVA), TROLL, and SPARK, which can be traded directly using USDT, USDC, SOL, and bbSOL through the UTA, further solidifying Bybit's position as a leading cryptocurrency exchange by fostering growth in the crypto trading, finance, and technology sectors.

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