In continuation of its mission to be innovative, Bybit, one of the largest crypto exchanges, has done it again in refinement by launching its newly revamped broker rebate program to create new rewards for the crypto industry.
Per a press release, the reward, which is an increase from the previous reward systems, will boost the exchange’s deep liquidity and maintain minimal slippage on its spot trading platform.
Details On The ByBit’s Revamped Broker Program Reward System
The rewards are generated from Bybit’s spot trading fees generated from the broker platform. They are given back to users via a 100% rebate which is the highest ever percentage for any cryptocurrency exchange in the market today.
By providing an incentive just like this, Bybit stated that it’s supporting new and current brokers in the industry to create a mutually beneficial arrangement, which pushes for more liquidity and benefits for all traders.
In addition, given the high percentage payout of 100%, Bybit has stood out from other crypto exchanges in terms of rewards and incentives.
Ben Zhou, co-founder, and CEO of Bybit noted, “with this best-in-market, 100% rebate offer for our spot trading platform, Bybit again demonstrates our commitment to supporting brokers and creating a mutually beneficial arrangement for all.” Adding that, the incentive enables traders to benefit from accurate spreads and boosts their performance on the Bybit platform.
Furthermore, Bybit’s broker program provides expert traders utilizing the use of API key to trading the opportunity to leverage crypto trading solutions and gain some advantage in a competitive marketplace.
Brokers will benefit from open API functions that will provide their desired needs with a higher API key security solution. Brokers can also access more than 300 spot pairs using Bybit’s high-frequency trading engine, which provides data every 20 milliseconds and has experienced 99.99% system uptime.
