Bybit Boosts Borrowing Capacity with Collateral Ratio Increases
Bybit, a leading cryptocurrency exchange, has increased collateral ratios across its Unified Trading Account (UTA) Loans. This move is expected to expand borrowing capacity for traders, particularly those holding significant positions in major assets such as ETH, SOL, BNB, DOGE, XRP, ADA, LINK, LTC, TRX, SHIB, PEPE, and DOT.
The updated collateral ratios will significantly increase the recognized value of collateral, allowing large single-asset holdings to make the most of their positions. For supersized positions, the top tier will now carry a collateral ratio of approximately 10% to 80%, depending on the asset, effectively removing the ceiling of potential collateral value.
The change is expected to benefit institutional clients in particular, as they will be able to pledge more of their holdings as effective collateral and access greater borrowing capacity for trading. Bybit's Vice President, TradFi-RWA, Yoyee Wang, stated that this update reflects the company's broader transformation towards building a comprehensive New Financial Platform.
The updated collateral ratios will apply automatically when calculating collateral value, and no user action is required to access the benefits. The change does not affect base-tier collateral ratios, which remain unchanged across all supported assets.