• Bybit Exchange is offering its users a one-of-a-kind high USDT yield savings product.
• The trading platform also has a product fit for its VIP and Pro clients.

Bybit, a Dubai-headquartered cryptocurrency exchange has rolled out a range of new products for its users. This lucrative suite of passive income products is targeted toward helping new investors weather tough market storms. This Bybit offering to new users is an exclusive 7-day Fixed-term USDT Savings Product with an impressive 15% Annual Percentage Rate (APR). 

At the end of the period, the yield is doubled with extra bonuses paid in United States Dollar-pegged stablecoin USDT, bringing it to a total APR of 30%.

Notably, this is a major improvement for Bybit’s passive income products which include savings-style products with high APYs for cryptocurrencies. There are also some intermediate-level products like Dual Asset mining where VIP-level deals are open to all and this is scheduled to take place every Friday. 

Bybit has been conducting some revamping exercises for some of its products in recent times, including adjusting its VIP and PRO tiers. The exchange’s co-founder and Chief Executive Officer (CEO) Ben Zhou acknowledged that these products exist to help Bybit’s loyal customers and community boost their returns during the harsh market.

“Bybit was built in the 2018 bear market and we are building even more intensively this time. To help our loyal community and users enhance their returns during the current bear market, we are revamping Bybit Earn with simple, safe opportunities to earn yield while waiting for the next bull run,” Zhou explained. 

Bybit Offers Unparalleled Services to VIP and PRO Clients

At the same time, Bybit exchange has also been putting more effort into beating close competitors by lowering its taker fee rates while increasing the maker fee rates. As it stands, Bybit is one of the crypto exchanges offering unparalleled or customized services to its VIP and PRO customers.

It is worth noting that Bybit has opened the door to its exclusive VIP tier by throwing a 50% discount for interested parties. Therefore, any new user who deposits up to $25,000 or more during the campaign period, will be given VIP access. In addition, they will also be eligible for the VIP-only Fund Pool which has a rate of 4.5% APR. 

Just like the newly launched 7-day Fixed Term USDT Savings Product, the VIP-only Fund Pool doubles the accrued interest at the end of the 30-day period and this gives a total 9% APR return for new VIPs. 

To make it more engaging for users, a bonus reward has been promised to clients who share the campaign message with their community. Precisely, users who invite friends to join this campaign will earn a 5 USDT bonus reward for each referee. Noteworthy, there is a cap on the number of people one user can invite. Each user is only entitled to 20 slots for eligible referees which will bring a total bonus reward of 100 USDT. 

As conditions get more favorable on Bybit, it is likely to attract several projects looking to list on the platform. To showcase this tendency, the world’s largest digital racing media network Veloce, recently launched its governance and utility token, VEXT, exclusively on ByBit a few days ago.