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, one of the newest products on our Spot platform!

With Crypto Loans, enjoy a seamless loan process with a high loan-to-value (LTV) of 75%, and interest rates as low as 0.0002%. Not only can you use these funds across the Bybit ecosystem, but you can also withdraw them for trading on external platforms.

This presents a unique opportunity for traders — crypto yield arbitrage!

To make things even more exciting, we're launching the Crypto Loans Fest! With three (3) events, a 20,000 USDT prize pool and 200 NFTs for the taking, you don't want to miss out on this. 

Event period: Nov 9, 2022 – Nov, 22, 2022

But first, hit the register button below to sign up for the event.

💰 Event 1: Borrow and Win (20,000 USDT Prize Pool)

Accumulate an effective loan volume of 100 USDT or more over a period of 24 hours, to share a 20,000 USDT prize pool. Check out the prize pool tiers — the more crypto loans you take, the higher your share of the prize pool! 

Note: Effective loan volume is calculated based on a user's loan value pro-rated over a period of 24 hours. For example, if a user takes a loan of 1,000 BIT and repays the loan within 30 minutes, their effective loan volume is calculated as 1,000 USDT * 1h/24h = 41.67 USDT.

💰 Event 2: Be a Collateral Expert (200 Mystery NFTs)

Accumulate an effective collateral volume of $1,000 or more. The higher your loan amount and the longer the period, the greater your chances if winning a mystery NFT! 

Note: Effective collateral volume is calculated based on a user's collateral amount pro-rated over a period of 24 hours. For example, if a user puts up a collateral of 1,000 BIT and repays the loan within 30 minutes, their effective collateral volume is calculated as 1,000 USDT * 1h/24h = 41.67 USDT.

During the event period, three (3) lucky winners will be chosen at random to enjoy interest-free crypto loans!

Learn more about Bybit Crypto Loans here:

With Crypto Loans, enjoy a seamless loan process with a high loan-to-value (LTV) of 75%, and interest rates as low as 0.0002%. 

Crypto Loans Fest: 20,000 USDT Prize Pool and 200 NFTs Up for Grabs!

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