Bybit Bolsters BTC Staking Returns by 50%

Bybit, the world's second-largest cryptocurrency exchange by trading volume, has upgraded its BTC staking Vault product through Bybit On-Chain Earn. The upgrade partners with Function (FBTC), raising the guaranteed annualized return from 0.8% to as much as 1.2%, a 50% increase. This enhancement comes as Bitcoin consolidates around the $80,000 level after rebounding from roughly $62,600 in August.

The new BTC staking solution offers a fixed 45-day term with no option for early redemption. A subscription cap of 200 BTC applies, and participants can opt into automatic renewal upon maturity, allowing both principal and accrued returns to roll seamlessly into the next staking cycle without requiring manual reinvestment.

The partnership with Function extends Bybit's collaboration with the DeFi and TradFi convergence space, diversifying user access to potential yield opportunities across the digital asset landscape. The upgraded exclusive BTC vault is now live on Bybit, with terms and conditions applying to eligible users.