Bybit introduces stock trading using USDT for a global assortment of 78 equities.
In a groundbreaking move, Bybit, a leading cryptocurrency exchange, has launched a service that simplifies the trading process, allowing users to access a wide range of digital and traditional assets from a single platform. This integration aims to provide traders with the same flexibility they enjoy when trading crypto, but now extended to economic shifts, earnings releases, or broader market volatility in the traditional markets.
Bybit's innovative setup eliminates usual delays and requirements when moving between fiat and crypto markets. Users can now trade digital assets, tokenized stocks, gold, oil, indices, and forex with the same ease and speed as they trade crypto on Bybit. This convergence of digital and traditional finance tools positions Bybit as a significant step in the merging of the two worlds.
The platform allows traders to manage all assets, including crypto, stocks, gold, oil, indices, and forex, under one wallet and one login. The power of stablecoins, particularly USDT, is leveraged to access a full spectrum of global opportunities in real time. Bybit's USDT-based trading feature simplifies the process for crypto-native traders by allowing them to use USDT, a widely held and familiar crypto asset in the industry, as a universal base currency across various asset classes.
Tokenized stocks available with USDT pairs include Apple, Tesla, Coinbase, and others. Eight new Web3 tokens tradeable directly with USDT have also been added. Gold and forex can also be traded with USDT, including up to 500x leverage using MetaTrader 5.
Bybit's unified account system and one-click trading interface further streamline order execution and portfolio management, catering well to users comfortable with crypto assets while expanding access to traditional markets. The platform's approach reduces friction by leveraging USDT as a stable, broadly accepted crypto asset, creating a simpler, consolidated trading experience for those well-versed in crypto environments.
In an industry first, Bybit is now the major crypto exchange to offer direct global stock trading through USDT. This move aligns digital and traditional finance tools, making Bybit a go-to platform for traders seeking a seamless trading experience across various asset classes.
Bybit's platform now enables users to invest in a diverse range of assets, including stocks, gold, oil, indices, and forex, using USDT as a universal base currency, marking a significant step in merging traditional finance with technology. This integrated approach to trading simplifies the process for investors who are already comfortable with cryptocurrency investments, as they can now manage all their assets under one wallet and login.
