Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has announced the launch of its new ETH-BTC Dual Asset product, as per the latest updates shared with Finbold on August 8.
The new product is set to empower users to maximize their earnings by holding and trading their Bitcoin (BTC) and Ethereum (ETH) directly, without the need to convert to Tether (USDT).
ETH-BTC Dual Asset
The ETH-BTC Dual Asset product helps investors capitalize on price movements between the two cryptocurrencies by allowing them to trade ETH against their BTC holdings and vice versa.
Joan Han, Sales & Marketing Director at Bybit, called the launch of the product a ‘a revolutionary step’ for the platform users, stating:
“Our ETH-BTC Dual Asset product is a revolutionary step for our users. This feature provides a seamless way for crypto holders to enhance their profits by utilizing the value movements of BTC and ETH, all while keeping their holdings within these major assets.”
Taking advantage of market movements
The ETH-BTC pairing opens some new opportunities for users looking to grow their holdings in both BTC and ETH.
By simply holding and trading BTC and ETH, investors can take advantage of market movements and optimize their portfolios without having to convert their assets to stablecoins such as USDT.
This new feature not only improves the trading experience on the platform but also solidifies Bybit’s commitment to innovation and user-centric solutions.