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Market Analysis Report (13 May 2021)

Date:

Crypto exchange Bybit announced the launch of BalanceX, the first of its series of Balance Booster events, which allows traders to generate risk-free annualized yield on their trading account’s wallet balance. 

Bybit will release yield vouchers of 7-, 14- and 28-day options in six different phases from 8:00AM UTC on April 15, 2021 to 8:00AM UTC on June 17, 2021. Traders can subscribe to vouchers on a first come, first served basis up to 24 hours prior to the beginning of each phrase, and hold up to one active yield voucher at a time. The subscription amount is capped at 0.25 for BTC vouchers and 10,000 for USDT vouchers.    

The wallet balance used to claim yield vouchers will not be locked away and can still be used as margin. Traders can continue their regular activities — such as trading and withdrawals — on Bybit. If a trader’s daily average wallet balance falls below his subscription amount, however, the voucher will be forfeited. 

Established in March 2018, Bybit provides online trading services to retail and professional clients around the world. The exchange has registered explosive growth over the past six months. It recently surpassed the Chicago Mercantile Exchange (CME) to become the world’s second-largest bitcoin futures trading platform by open interest. Its 24-hour BTC trading volume reached as high as $27 billion this year. 

Newly joined traders can receive up to $600 in bonuses by hitting simple milestones on Bybit. More information can be found on the exchange’s Rewards Hub.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.cryptocompare.com/email-updates/daily/2021/may/13/

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