KEY TAKEAWAYS
- Bybit launches direct trading of global stocks using USDT, integrating traditional and decentralized finance.
- The platform now supports trading in stocks, gold, oil, indices, and forex, all powered by USDT.
- Bybit’s initiative allows users to manage diverse asset classes from a single account, enhancing trading flexibility.
- The ‘Wall Street meets Web3’ campaign offers a 50% discount on trading fees for a limited time.
In a groundbreaking development for the cryptocurrency and traditional finance sectors, Bybit has announced the launch of direct trading of global stocks using USDT. This initiative positions Bybit as the first major crypto exchange to offer such a service, integrating traditional and decentralized finance under one platform.
Bybit, recognized as the world’s second-largest crypto exchange by trading volume, has expanded its Gold & Forex (MT5) product suite to include 78 top global equities. This includes major companies such as Apple, Tesla, Meta, Nvidia, and Amazon. The new offering allows users to trade these stocks directly with USDT, eliminating the need for fiat currency onboarding and enabling seamless transitions within the crypto ecosystem.
The launch signifies a significant step in unifying crypto, stocks, and traditional assets, allowing users to manage diverse asset classes from a single account and wallet. This integration provides traders with the flexibility to respond to global market shifts, hedge exposures, or pursue earnings with crypto-native speed and simplicity.
How Bybit’s Integration Impacts Trading
Bybit’s new feature allows traders to access a wide range of global opportunities in real time. The platform now supports trading across various markets, including stocks, gold, oil, indices, and forex, all powered by USDT. This development offers a unified financial experience, enabling users to hedge crypto volatility with gold, speculate on oil or forex, or invest in tech stocks without leaving the crypto environment.
To celebrate this milestone, Bybit has launched the “Wall Street meets Web3” campaign. From June 2 to June 15, users will benefit from a 50% discount on trading fees for stock trades made through Bybit Gold & FX. This limited-time offer provides an opportunity to explore the convergence of crypto transparency and Wall Street’s legacy at reduced costs.
For more details on this announcement, visit the official press release here.
Why This Matters: Impact, Industry Trends & Expert Insights
Bybit has launched direct global stock trading using USDT, marking a significant development in the integration of cryptocurrency with traditional financial markets.
Recent industry reports indicate a growing trend of integrating cryptocurrencies into mainstream finance, supported by regulatory improvements and institutional adoption. This aligns with Bybit’s initiative, which bridges crypto with traditional stock markets, offering users a seamless trading experience.
As per a CBH report, the convergence of fintech and crypto is expected to transform the market, driven by diversification and regulatory clarity. This supports Bybit’s move to unify diverse asset classes, allowing users to manage them from a single platform.
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