- Summary:
- Bybit has sweetened the deal for brokers with the rebate program and a higher API key solution. We tell you all about it.
The Bybit exchange has improved upon its broker rebate scheme to offer the most generous incentives available. Starting from January 10, 2023, at 10 a.m. UTC, Bybit will offer a 100% reimbursement on all broker platform spot trading fees. The new incentives will help the exchange maintain low levels of slippage on its spot trading platform and grow its already substantial depth of liquidity.
What’s in the deal?
By participating in Bybit’s broker program, professional traders who access the platform by API key gain access to cutting-edge crypto trading solutions, increasing their chances of success in the industry. Brokers will also gain from a more robust API key security solution and the availability of a wider range of open API functionalities.
By providing this bonus, Bybit is showing its commitment to the success of both its new and existing broker partners, fostering an environment where greater liquidity can be generated for the benefit of all traders. Furthermore, Bybit has again distinguished itself from competing crypto exchanges by offering the most generous payment percentage in the industry at 100%.
“Bybit again demonstrates our commitment to supporting brokers and creating a mutually beneficial arrangement for all,” said Ben Zhou co-founder and CEO of Bybit.
Thanks to this bonus, traders on the Bybit platform can take advantage of competitive spreads and raise their trading output. Bybit’s high-frequency trading engine, which provides data pushes every 20 milliseconds and a system uptime of 99.99%, gives brokers access to more than 300 spot pairings.
Bybit is one of the most popular cryptocurrency exchanges in the world, serving a user base of over 1.6 million people. It provides access to a vast array of trading tools, including cross-trading and isolated margin trading, among others. The exchange also allows for limit orders, conditional orders, conditional limits, stop-loss orders, and advanced orders like Good till Cancelled, Immediate or Cancel (IOC order), and provides trading leverage of up to 100:1.