Bybit Introduces Zero Trading Fee, Celebrates 10 Million Users

One of the largest derivatives exchanges, Bybit, has launched a free-trading feature for all spot trading. Investors are unsure if they are rebalancing profits elsewhere because this move seems too good to be true. The website, which just hit the milestone of ten million users, claims that waiving fees is in the best interests of its users. Bybit announced on its website, “Celebrate 10 million Users With 0 Fees on Spot and More Amazing Perks. The past eight months have been rocky for the crypto industry, but amid the doom and gloom, we continue to buckle down and BUIDL.” Bybit Announces More Benefits As a thank-you for signing up, the news, perceived by some as a marketing ploy to draw in more clients, would also provide new clients looking to use the spot trading option up to $600. The company has also introduced benefits, including a zero-fee promotion, but this won’t apply to fees for pending orders paid before the rise, which starts on September 6. Zero Trading Fee But what do customers mean by zero trading fees? Through the consolidated margin account, trading customers can trade USDT perpetual and USDC options contracts simultaneously without moving assets back and forth between different accounts. Additionally, it will total the gains and losses to prevent liquidation. Bybit is not the only one. A week ago, Binance declared celebrating its fifth anniversary, it would waive spot trading commissions for 13 BTC trading pai...