KEY TAKEAWAYS
- Bybit expands its P2P trading ecosystem with new initiatives to attract merchants and experienced advertisers.
- The exchange introduces merchant referral rewards and a fast-track verification program to enhance P2P market accessibility.
- Bybit’s efforts aim to strengthen its position in the global P2P trading landscape amid growing crypto adoption.
Bybit, recognized as the world’s second-largest cryptocurrency exchange by trading volume, is expanding its peer-to-peer (P2P) trading ecosystem with new initiatives aimed at attracting merchants and experienced advertisers. As the demand for crypto-based financial solutions continues to grow globally, Bybit is introducing merchant referral rewards and a fast-track verification program for high-volume traders. These efforts are part of Bybit’s commitment to creating a more accessible and efficient P2P market. The announcement was made here.
Crypto Adoption Fuels P2P Trading Growth
With increasing regulatory shifts and economic uncertainties in traditional finance, P2P crypto trading has gained traction as a reliable alternative for users seeking direct transactions without intermediaries. Bybit’s latest initiatives aim to expand its merchant network and onboard high-liquidity advertisers, strengthening the exchange’s P2P marketplace.
“The P2P market is evolving rapidly as more users seek flexible and direct trading solutions,” said Joan Han, Sales and Marketing Director at Bybit. “We are seeing a surge in demand for peer-to-peer transactions, and these initiatives reflect our commitment to making Bybit the go-to platform for merchants and high-volume traders.”
Bybit P2P Merchant Referral: Rewards for Growth
To encourage more traders to join its expanding P2P ecosystem, Bybit is offering a 10 USDT airdrop to existing merchants who successfully invite new users to become P2P merchants. The referred merchants will also receive 10 USDT upon meeting key engagement criteria, which include staying online for at least five days with a minimum of four hours per day, completing trades with at least three different users, and maintaining a 90%+ order completion rate.
Additionally, new merchants can earn an extra 20 USDT through the Bybit P2P Starter Challenge by achieving a designated trading volume.
Fast-Track Verification for High-Volume P2P Advertisers
Bybit is also launching an expedited verification process for experienced advertisers looking to join its platform. Until February 15, 2023, Verified or VIP advertisers from other exchanges can apply for priority verification by demonstrating their status as a Verified, VIP, or Super Merchant/Advertiser on another exchange and a minimum 30-day P2P trading volume of 200,000 USDT.
Approved applicants will receive their Verified Advertiser benefits within three working days, allowing them to access Bybit’s high-liquidity P2P marketplace without delays.
Bybit’s dual approach of incentivizing new merchants and streamlining onboarding for professional advertisers aligns with the exchange’s long-term vision of enhancing P2P liquidity and accessibility. With the growing role of crypto in emerging markets, these initiatives reinforce Bybit’s position as a key player in the global P2P trading landscape.
Why This Matters: Impact, Industry Trends & Expert Insights
Bybit is enhancing its peer-to-peer (P2P) trading ecosystem by introducing new incentives aimed at attracting merchants and experienced advertisers, in response to the growing global demand for crypto-based financial solutions.
Recent industry reports indicate that P2P crypto trading is expected to gain traction due to increased security concerns with centralized exchanges. This aligns with Bybit’s initiatives to expand its P2P marketplace, offering a more secure and direct trading alternative for users.
A recent expert opinion highlights that the P2P market is gaining traction due to its decentralized nature and lower fees, making it attractive for those seeking privacy and autonomy. This supports Bybit’s efforts to enhance its P2P trading ecosystem by offering incentives to merchants and streamlined onboarding for advertisers.
Explore More News:
Disclaimer: The views expressed in this article are those of the authors and do not necessarily reflect the official policy of CoinsHolder. Content, including that generated with the help of AI, is for informational purposes only and is not intended as legal, financial, or professional advice. Readers should do their research before taking any actions related to the company and carry full responsibility for their decisions.
