Bybit, recognized as the world’s second-largest cryptocurrency exchange by trading volume, has introduced a new rewards program aimed at new users of its TradFi platform. The initiative, which offers up to $10,000 in trading credits, is designed to enhance user engagement and expand access to traditional financial markets.

The program, announced here, features a $500,000 grand prize pool. It is available to eligible new users who can earn tiered rewards based on their net deposits and trading volume within the first 15 days of trading on Bybit TradFi. The reward structure is designed to be accessible to both beginners and experienced traders, with entry-level participants able to earn $10 in credits with a minimum $100 deposit.

The rewards program operates on a six-tier system, where higher deposits and trading activity unlock progressively larger credits. The credits can be used as margin for TradFi products, and users are allowed to withdraw profits earned from trades funded by these credits. The distribution of rewards is on a first-come, first-served basis, adding an element of urgency to the program.

Expanding Access to Traditional Financial Markets

Bybit TradFi aims to provide users with exposure to traditional financial markets, including stock CFDs, commodities, and global indices. This expansion is part of Bybit’s broader strategy to offer a comprehensive range of financial products, catering to investors seeking diversified portfolios that include both traditional and digital assets.

The program is available until the end of the year or until the rewards are exhausted. Interested participants must register and adhere to the terms and conditions outlined by Bybit. The service is powered by Infra Capital, licensed by the Mauritius Financial Services Commission, and is accessible through the Bybit app and website. However, it is not available to residents of the European Economic Area and other restricted regions.

For more details on eligibility and regional limitations, users are encouraged to visit the official Bybit TradFi page. As always, trading involves risks, and participants should consider these before engaging in trading activities.

Why This Matters: Impact, Industry Trends & Expert Insights

Bybit has launched a $500,000 reward program to attract new users to its TradFi platform, offering up to $10,000 in trading credits. This initiative is designed to increase user engagement and expand access to traditional financial markets.

A recent report highlights the evolving nature of crypto reward programs, which have become key tools for exchanges to attract and retain users. Bybit’s new program aligns with this trend by offering tiered rewards to incentivize trading activity and broaden engagement with traditional financial instruments.

According to industry experts, the diversity and strategic use of reward programs are crucial for exchanges aiming to bolster user participation. Bybit’s approach of integrating TradFi with crypto products underscores this strategy, potentially increasing its market share and offering users diversified portfolio options.

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