Bybit Enhances MNT Features for Institutional Traders Globally
Bybit Expands MNT Capabilities for Institutional Clients
Bybit, a leading cryptocurrency exchange known for its trading volume, has made a significant move to enhance trading experience for institutional clients. The platform has announced a new initiative focused on providing exclusive benefits to holders of Mantle (MNT). This development is a strategic step in the evolution of MNT, transitioning from an ecosystem token to a versatile asset, specifically tailored for institutional trading.
MNT’s Enhanced Utility for Institutions
The integration of MNT into Bybit's institutional services represents a transformative shift in how these clients engage with digital assets. With this update, institutional clients will enjoy enhanced leverage, longer loan terms, and premium trading features. This is aligned with Bybit's broader roadmap to deepen the utility of MNT within the evolving landscape of cryptocurrency trading.
The Benefits of MNT for Institutional Clients
For institutional clients pledging MNT, the advantages are substantial. They gain access to significantly increased leverage across various trading products. For instance, spot margin trading can go up to 8x leverage while institutions utilizing perpetual trading pairs can experience enhanced leverage levels reaching as high as 5x on USDT trading pairs. This allows institutions to capitalize on market movements more effectively.
Longer Fixed-Rate Loan Options
Another remarkable feature of the program is its extended loan terms. Institutional players committing to MNT can benefit from longer fixed-rate loans depending on the amount pledged. For example, clients pledging 500K MNT can access a 2-month loan term, while those pledging 1M and 1.5M MNT will have 3-month and 4-month loan terms respectively. This flexibility provides greater financial stability and planning opportunities for institutions.
Streamlined Activation for Institutional Clients
Bybit has designed a straightforward activation process specifically for institutional efficiency. Clients can acquire MNT through Bybit’s various trading services and notify their relationship manager after pledging to unlock their benefits swiftly. This quick activation ensures that institutional clients can leverage their MNT holding efficiently and gain immediate access to the expanded range of features.
The Technical Backbone of MNT
MNT is built on Mantle's innovative Layer-2 architecture, which is built on the Ethereum network to deliver high-performance capabilities with reduced gas fees. This evolution from a basic ecosystem token to a critical infrastructure component within the blockchain domain showcases MNT's growing significance. Bybit’s initiative to integrate MNT not only emphasizes its value in DeFi and GameFi sectors but also highlights its bridging potential between institutional finance and decentralized technology.
About Bybit
Bybit stands proudly as one of the world's largest cryptocurrency exchanges, serving a vibrant community of over 70 million users worldwide. Since its inception in 2018, Bybit has been pioneering a more open and equitable ecosystem by partnering with top blockchain protocols. The exchange is notable for offering secure custody, diverse marketplaces, and an intuitive user experience. Bybit is committed to bridging the gap between traditional finance (TradFi) and decentralized finance (DeFi), empowering creators and innovative thinkers to explore the potential of Web3.
Frequently Asked Questions
What is Bybit's new institutional benefits program?
Bybit's new program provides institutional clients with exclusive features such as enhanced leverage and extended loan terms for MNT holders.
How does MNT improve trading for institutions?
MNT enhances trading capabilities by offering higher leverage on margin trades and facilitating access to longer fixed-rate loans.
What makes MNT valuable in the crypto ecosystem?
MNT is built on a high-performance Layer-2 architecture, evolving from a simple token to critical blockchain infrastructure that supports various applications.
What steps must institutions take to activate the new features?
Institutions can activate the benefits by acquiring MNT on Bybit’s platform and notifying their account manager to unlock their benefits, ensuring a smooth experience.
How is Bybit bridging the gap between TradFi and DeFi?
Bybit is focused on creating a secure and innovative platform that allows traditional finance users to exploit the advantages of decentralized finance through partnerships and technology.
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