KEY TAKEAWAYS
- Bybit launches four new assets on its Web3 platform, enhancing user access to on-chain trading and DeFi activities.
- Users can purchase new tokens using USDT, USDC, SOL, or BBSOL directly from their Unified Trading Account.
- Web3 assets acquired through Bybit cannot be withdrawn externally but can be sold back into supported currencies.
- Bybit emphasizes the importance of understanding cryptocurrency trading risks and advises seeking independent financial advice.
Bybit has announced the launch of four new assets on its Web3 platform, enhancing user access to on-chain trading and decentralized finance (DeFi) activities. This development allows users to interact with Web3 using their Bybit Unified Trading Account (UTA), eliminating the need for external wallets or gas tokens.
The new assets available on Bybit Web3 include FWOG (FWOG), Worthless Coin (WORTHLESS), Clippy PFP Cult (CLIPPY), and nubcat (nub). Users can purchase these tokens using USDT, USDC, SOL, or BBSOL directly from their UTA balance. The contract addresses for these assets are provided on Bybit’s platform.
After purchasing, users can view their Web3 assets in the ‘Assets’ section under Trade/Web3 on the app or the ‘Holding’ section on the website. The platform also allows users to sell these tokens, with proceeds automatically converted into USDT, USDC, SOL, or BBSOL and credited back to their UTA.
It is important to note that Web3 assets acquired through Bybit Web3 cannot be withdrawn externally but can be sold back into supported currencies. This feature is designed to streamline the trading process and enhance security for users.
Bybit’s latest initiative aims to provide users with more opportunities to explore and invest in the evolving landscape of on-chain finance. The company emphasizes the importance of understanding the risks involved in cryptocurrency trading and advises users to seek independent financial advice if necessary.
For more details on the new asset launch, visit the official announcement here.
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