KEY TAKEAWAYS
- Bybit Alpha introduces two new assets, enhancing on-chain trading capabilities.
- Users can trade directly on-chain without external wallets or gas tokens, simplifying the process.
- The upgrade supports trading of The Blue Whale and The Black Whale using USDT, USDC, SOL, or BBSOL.
- Bybit aims to make DeFi more accessible through innovative trading solutions.
Bybit Alpha has announced an upgrade, introducing two new assets for on-chain trading. This development allows users to trade directly on-chain without the need for external wallets or gas tokens, offering a streamlined experience.
Through Bybit Alpha, users can engage in decentralized finance (DeFi) and on-chain activities using their Bybit Unified Trading Account (UTA). This integration provides a secure and straightforward method for trading, eliminating the need to switch platforms or manage external wallets.
New Assets Available for Trading
The newly listed assets on Bybit Alpha are The Blue Whale (BlueWhale) and The Black Whale (BlackWhale). These assets can be purchased using USDT, USDC, SOL, or BBSOL directly from the UTA. After purchasing, users can view their on-chain assets under the ‘Trade/Alpha’ section on the app or the ‘Holding’ section on the website.
Users have the flexibility to sell these tokens at any time using the same interface. The proceeds from these sales, in the form of USDT, USDC, SOL, or BBSOL, will automatically appear in the user’s UTA. However, it is important to note that on-chain assets purchased via Bybit Alpha cannot be withdrawn externally but can be sold back into supported currencies.
Enhancing On-Chain Finance
Bybit Alpha’s latest upgrade aims to enhance user access to on-chain finance, providing a more accessible entry point into the DeFi space. This initiative is part of Bybit’s broader strategy to shape the future of on-chain finance by offering innovative trading solutions.
For more details on the new asset listings and Bybit Alpha’s offerings, visit the official announcement here.
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