Bybit Launches Hassle-Free Crypto Lending for Passive Income Generation

Bybit, the third most visited crypto exchange globally, has unveiled its latest offering, Bybit Lending. With an attractive Annual Percentage Rate (APR), users can now earn high-interest payouts on their idle crypto assets effortlessly. Bybit's cutting-edge risk management systems ensure asset security throughout the lending process. Users can deposit and redeem their funds anytime, making the most of market fluctuations. Bybit Lending is a transparent and convenient platform for borrowers to utilize loans for various earning strategies, such as trading perpetual contracts or capturing a spread using Bybit Earn, while lenders can contribute their idle crypto assets to a pool for interest payouts. Bybit aims to make Web3 more accessible and uncomplicated with this new product.