Bybit Migrates to Tether to Boost Liquidity. Here’s Why Best Wallet Presale Can 100x
16 Febbraio 2025 - 11:29AM
NEWSBTC
Bybit is now moving its options and future contracts to Tether
(USDT) and will not issue new USDC contracts from February 26 in an
effort to increase liquidity on the platform. In times when the
crypto landscape is gradually moving towards USDC, Bybit seems to
be doing the opposite. This is because most of the traffic on Bybit
comes from the Russian Federation. USDT is still the most liquid
stablecoin with a supply of $145.2B. USDC is second on the list
with a supply of $54.9B. It’s worth mentioning that Bybit posted
good numbers ($22.2B in daily trading volume) on the back of the
2024 bull run. Unsurprisingly, $BTC and $ETH are the most active
pairs of derivatives on the platform. The current shift will affect
SOLUSC and ETHUSDC futures. Bybit will ensure that the expiry of
USDC and UDST contracts are on different dates so as not to
fragment liquidity. Bybit’s European Dream May Soon Become a
Reality Despite being restricted in countries like Canada, France,
China, the USA, and the UK due to regulatory reasons, Bybit has not
given up hope on becoming a force to reckon with in Europe.
Recently, the exchange was removed from the French AMF blacklist
after more than 2 years of working with the regulators. The
platform is now working towards getting a MiCA license, as
confirmed by CEO Ben Zhou himself. As the crypto landscape becomes
more inclusive with pro-crypto regulations, a large number of new
investors will join in to benefit from the upcoming bull run. If
you’re looking for the best crypto to invest in, consider rallying
behind the success of the most popular crypto wallet, Best Wallet,
by purchasing Best Wallet Token ($BEST). What Is the Best Wallet
Token ($BEST)? $BEST is the in-house altcoin of the Best Wallet
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allowing you to manage your entire crypto portfolio from a single
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This makes it very beginner-friendly and easy to use. Since its
launch in November 2024, the wallet has amassed more than 500K
total users, including 250K daily active users. That’s further
proof of its utility and user-friendliness. Check out our detailed
Best Wallet review for more info. Holding $BEST, though, will put
the Best Wallet App on steroids, unlocking cool exclusive perks.
For starters, you get access to the best crypto presales much
before they go out on sale for the general public. This allows you
to identify potential 100x meme coins and altcoins before they
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these cryptos directly on the Best Wallet App and at a lower fee
than on any other crypto wallet. More good news comes in the form
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$BEST’s growth potential, it’s important to dig into the goals of
Best Wallet. Firstly, the non-custodial wallet market sits at a
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end of 2026. Secondly, the developers also have plans to launch a
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Best Wallet App gains more traction and becomes the go-to for
crypto investors worldwide, it’ll be the $BEST token that will
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last 5 months, the community has seen a 7,000+ strong airdrop user
base with over 75,000 quests. You can join its 48.8K-strong X
community or stay updated through its Discord and Telegram
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The next price increase is set to take place in less than 12 hours,
so this might be your last chance to buy $BEST for such a low
price. However, it’s best to do your own research before putting
your hard-earned money in crypto, as the markets can be notoriously
volatile. Also, this article isn’t a substitute for financial
advice, so consider consulting a professional before making any
decisions.
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