Bybit Expands Interest-Free Borrowing to 24 Assets, Boosts Trader Efficiency

Bybit, the world's second-largest cryptocurrency exchange by trading volume, has expanded its UTA Loan Interest-Free Borrowing program to cover 24 assets. This move aims to reduce funding costs for traders using Perpetual and Futures products on Bybit's Unified Trading Account (UTA) framework.

The new mechanism balances cost efficiency and flexibility for qualified traders. It eliminates interest charges on automatic borrowing triggered by unrealized losses on Perpetual or Futures positions, as long as the amount stays within the applicable limit. This means that traders can hold and adjust positions with less drag from borrowing expenses, freeing up capital that would otherwise go toward interest payments.

The expanded UTA Loan Interest-Free Borrowing program gives traders across VIP tiers more flexibility to manage positions without added costs. The higher a trader's VIP tier, the more borrowing capacity they unlock at zero interest. Bybit's move is part of its commitment to building the New Financial Platform for all, and introducing capital-efficient trading tools that support traders' evolving risk management needs.