DUBAI, United Arab Emirates, Dec. 19, 2024 (GLOBE NEWSWIRE) – Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has released its latest crypto derivatives analytics report in partnership with Block Scholes. The report provides an in-depth analysis of the current crypto market, focusing on macroeconomic events and trading signals across spot and derivatives markets, including futures, options, and perpetual contracts.

Key Findings:

Bitcoin (BTC) Reaches All-Time High, Derivatives Markets Show Cautious Optimism

While Bitcoin has hit a record-high spot price, the derivatives market reflects a more cautious stance compared to previous highs seen this quarter. This suggests a potential reset in leverage after last week’s de-leveraging activity, leading to normalized funding rates, slower futures yield growth, and a reduced preference for call options. Interestingly, futures exposure is still heavily concentrated in the December-end BTC contracts, with limited growth observed during the recent spot price surge. Additionally, perpetual swap markets have seen funding rates return to neutral levels following a period of excessive leverage.

Ethereum (ETH) Options Market Indicates Bullish Sentiment

In contrast to the cautious derivatives activity around BTC, the options market for ETH presents a more bullish outlook. Open interest in ETH call options is notably higher than that in out-of-the-money (OTM) puts, signaling a continued optimistic sentiment among options traders.

Bybit Research commented on the market dynamics, stating, “This week’s market activity reveals an intriguing interplay between soaring spot prices and shifting derivatives sentiment. While the record BTC price showcases bullish momentum, the measured approach in the derivatives market reflects healthier leverage practices compared to previous rallies. Meanwhile, the sustained dominance of ETH call options points to continued optimism about Ethereum’s future.”

Access the Full Report:

To gain deeper insights and explore the potential implications for your crypto trading strategies, download the full report here: Bybit x Block Scholes Crypto Derivatives Analytics Report – Dec. 18, 2024

DUBAI, UAE, Dec. 9, 2024 /CNW/ – Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has enhanced the digital payment experience for Bybit Card holders. Starting now, users in Brazil can add their Bybit Card to Apple Pay and make secure payments in seconds, utilizing Apple Pay’s built-in security features.

Bybit Card Now Available on Apple Pay in Brazil

Since its launch in September 2024, the Bybit Card has seen a remarkable 342% growth in its user base in Brazil in less than a quarter. Brazil, with one of the highest crypto adoption rates globally, has a vibrant crypto economy and growing demand for mature crypto on and off-ramp solutions.

Bybit’s advanced crypto offerings, combined with the global reach of the Mastercard network and the added security and privacy standards of Apple Pay, provide a seamless and borderless crypto payment experience for Brazilian users. The Bybit Card now supports contactless payments, allowing purchases in-store, in-app, and online across all Apple devices.

To set up the Bybit Card on Apple Pay, users simply need to add it to their Apple Wallet and enjoy the convenience of crypto payments anytime, anywhere with their mobile devices.

This Apple Pay integration enables Bybit Card holders to use and purchase crypto, bridging mainstream cryptocurrencies with numerous fiat currencies at competitive rates. The process is secure, using Apple’s Face ID, Touch ID, or passcodes, alongside dynamic security codes for authentication. Apple Pay is known for its security, using unique Device Account Numbers that are encrypted and stored in a Secure Element chip, ensuring card details remain private and safe.

The Bybit Card is packed with regular cashback, flash rewards, and other benefits, making it an attractive option for everyday crypto payments:

• Zero fees for card issuance and delivery
• No annual or hidden fees
• 2-10% cashback in USDT, BTC, and ETH on eligible purchases
• Up to 8% APY
• Instant virtual and physical cards for immediate access to funds

The welcome offer for Bybit Card remains available for users in Brazil: Deposit 100 USDT, Unlock 150 BRL!

DUBAI, UAE, Dec. 20, 2024 /PRNewswire/ – Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is extending the holiday excitement with exclusive virtual gifts for Bybit Card holders. From December 20, 2024, to January 31, 2025, users who make eligible purchases with their Bybit Card will have a chance to unwrap mystery gift boxes, including rewards like 1,000 USDT and airdrops of DOGE, BTC, and more—all with no strings attached.

Surprises Guaranteed: Bybit Card Offers Rewards in Holiday Giveaway

With every 100 USDT spent on qualifying purchases using the Bybit Card, users will receive a lucky draw ticket to claim a gift box on Bybit. Each gift box contains a crypto reward, including airdrops of DOGE, SOL, ETH, XRP, and BTC, as well as the grand prize of 1,000 USDT. To participate, registration is required, and the special Holiday Giveaway runs until the end of January 2025.

For those seeking a simple way to use their crypto assets for everyday purchases, it’s not too late to apply for the Bybit Card. The application and verification process is quick, and a virtual card is issued as soon as approval is granted. This allows seamless payments on Apple and Android devices in applicable regions.

“The Bybit Card eliminates the hassle of converting crypto for everyday use while adding rewards and benefits to regular spending. Along with standard cashback, we’re offering extra perks as a token of appreciation to wrap up an exciting year in crypto,” said Joan Han, Sales and Marketing Director at Bybit.

The Bybit Card has made significant global progress in 2024, as cryptocurrency adoption has grown. As demand for trusted, frictionless crypto payment solutions rises worldwide, Bybit is a key player in serving crypto-native consumers. From Buenos Aires to Amsterdam, the Bybit Card community continues to grow, along with its benefits:

• Up to 10% cashback in USDT, BTC, and ETH on eligible purchases
• No fees for instant virtual card issuance
• No annual or hidden fees
• Up to 8% APY

Celebrate this festive season with style. Eligible Bybit Card holders from all regions are invited to participate—terms and conditions apply: Bybit Card Holiday Giveaway: Swipe, Spend & Sparkle!

Bybit, a global cryptocurrency exchange, has announced that it will suspend withdrawal and custody services for French users starting January 8, 2025, at 8:00 AM UTC, in response to increasing regulatory scrutiny from French financial authorities.

The company has urged affected users to withdraw their funds before the deadline to avoid issues with account access or fund transfers.

For users with unclaimed assets exceeding 10 USDC, Bybit plans to transfer them to Coinhouse, a licensed cryptocurrency custodian in France. To access their funds, users will need to undergo a verification process with Coinhouse. For accounts with balances under 10 USDC, Bybit will charge a termination fee of 10 USDC, which will be deducted from the available assets.

This move highlights the growing regulatory pressure on global crypto exchanges, as many jurisdictions are tightening their regulations on cryptocurrency.

What will happen after the deadline?

Bybit stated that Coinhouse transfers will begin after January 8, 2025, with withdrawals temporarily paused during the process, which is expected to last until January 16, 2025.

French users with a verified Coinhouse account will have their assets credited soon after January 16, provided their account details match those on Bybit.

Users without a Coinhouse account will need to register and complete a full Know Your Customer (KYC) verification process to access their funds.

Asset Management and Custody Fees

Bybit clarified that there will be no fees for converting assets to USDC or transferring funds to Coinhouse.

However, unverified Coinhouse accounts will incur a custody fee of 0.16% of the asset value or 1 USDC per month, whichever is higher, until successful KYC verification.

The custody fee will be applied monthly, on the first day of each month, but the first fee will be charged on the day the assets are transferred to Coinhouse.

Users with a verified Coinhouse account that matches their Bybit identity will not incur a fee on the transfer day and should see their assets reflected in their account shortly after the transfer.

France’s Increasing Crypto Regulation

France has been tightening its regulatory framework for cryptocurrency service providers, focusing on consumer protection and financial stability.

In December 2022, the French Senate’s finance commission proposed expediting the mandatory licensing process for crypto firms. This initiative seeks to eliminate the ability to operate crypto financial services without full authorization from the Autorité des Marchés Financiers (AMF) until 2026. This move was partly a response to global market disruptions and aims to ensure that all crypto firms are fully licensed.

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is enhancing the experience for newcomers to crypto trading with an exciting new campaign offering generous rewards. This exclusive event, available to selected customers only, gives first-time depositors the chance to win prizes ranging from 5 USDT up to 0.1 BTC through specific payment gateways.

For a limited time, users can start their crypto journey with Bybit One-Click Buy by making a first deposit to unlock exclusive rewards. After registering for the event and making an eligible deposit of at least $100, participants will receive a lucky draw ticket. Each ticket guarantees a 100% chance of winning, with USDT prizes ranging from 5 USDT to 500 USDT, plus the grand prize of 0.1 BTC.

Event Details:

• Event Period: Now until Jan. 16, 2025, 10:00 AM UTC
• Rewards: A chance to win up to 0.1 BTC
• Eligible Payment Methods: Visa, Mastercard, Google Pay, or Apple Pay via card
• Note: Rewards are distributed on a first-come, first-served basis. Terms and conditions apply.

“The appeal of the crypto economy is undeniable, especially with the ongoing market rally,” said Joan Han, Sales and Marketing Director at Bybit. “Starting strong is essential when building wealth, and taking that first step doesn’t have to be difficult. We hope this giveaway provides the push many of our users need to start a rewarding journey at Bybit.”

Bybit’s One-Click Buy feature is part of the platform’s continuous effort to simplify crypto trading and improve accessibility to digital assets for retail users. By connecting users with opportunities in the emerging digital economy, Bybit aims to enhance the crypto trading experience and redefine accessibility, helping individuals easily incorporate cryptocurrencies into their daily lives and portfolios.