Bybit Expands UTA Loan Interest-Free Borrowing to 24 Major Crypto Assets

Bybit, the world's second-largest cryptocurrency exchange by trading volume, has expanded its UTA Loan Interest-Free Borrowing program to include 22 additional major crypto assets. This brings the total number of supported assets to 24, including USDT and USDC.

The expansion aims to reduce funding costs for traders using Perpetual and Futures products, giving them greater flexibility in capital management under Bybit's Unified Trading Account (UTA) framework.

Under the new framework, asset coverage for interest-free loans now supports 24 assets, including BTC, ETH, SOL, XRP, ADA, OP, NEAR, DOT, DOGE, LINK, SUI, LTC, UNI, MNT, AAVE, BCH, HYPE, XLM, ETC, FIL, APT and AVAX.

Bybit's UTA Loan Interest-Free Borrowing program now offers lower borrowing costs for traders, as they no longer need to absorb interest charges on automatic borrowing triggered by unrealized losses on Perpetual or Futures positions. The zero-interest rate applies for eligible borrowing under this scenario, as long as the amount stays within the applicable limit.

The new mechanism balances cost efficiency and flexibility for qualified traders on Bybit, allowing them to hold and adjust positions with less drag from borrowing expenses. This frees up capital that would otherwise go toward interest payments.