Bybit took to Twitter to announce that it was taking Xana or $XETA live for Spot Trading on July 20, 2022. $XETA is the primary native taken of the Xana ecosystem. Xana is a blockchain infrastructure based on EVM and custom-built specifically for the metaverse.
Bybit was founded in 2018 with headquarters in Singapore and a registered office in the British Virgin Islands. The focus is to endeavor for the best user experience in a cryptocurrency derivatives exchange.
Cryptocurrencies supported by Bybit include ETH, BTC, and EOS, to mention a few. One can use more than 20 fiat currencies on the platform with an option to access trading pairs like BTC/USD, ETH/USD, and BTC/USDT, among many others.
Operations of Bybit are supported in restricted countries only. North America, Russia, Europe, South Korea, Japan, and Southeast Asia are select regions where Bybit operates under the regulations of the relevant authorities.
One can access the crypto derivatives exchange platform on Android & iOS with 24/7 customer support.
Allowing 100x leveraged trading options is one of the core features of Bybit to its users, who can increase their leverage to match the margin requirement. The feature is more beneficial for traders with an experience of certain years and now looking to enter sizable positions.
Interested traders are not required to go through the KYC process, making it easier to start their trading journey as new traders or expand their base as experienced traders. Besides the mobile application, traders who are more comfortable with a PC can also access the website for trading purposes.
Bybit mitigates the loss of funds by ensuring enough insurance funds. The platform lacks regulations in various countries and has a limited number of trading pairs; however, the trading fee is far more attractive for anyone to ignore participating on the crypto derivatives exchange platform. Check the Bybit review to know more about its features.
A new user can register on Bybit through the website by visiting the official web page, clicking the Sign-Up button, entering all the necessary details, and agreeing to terms & conditions.
One can also use a mobile application to register on the platform. Download the mobile application of Bybit and navigate to the Register section to create an account through email or phone. Complete the registration process by confirming the code sent via Email or mobile.
Traders can expand their horizons and earning windows by registering with Bybit as an affiliate under its affiliate program. This gives them the chance to pocket a passive commission-based income of up to 30% on the trading fees of Bybit.
Affiliates are provided with customized marketing material and market activities for better performance. Affiliates have only to promote the products and services of Bybit to ensure that the referral registers on Bybit and generates revenue for the platform. Xana ($XETA) goes live on July 20, 2022. More details are awaited.