Dubai, United Arab Emirates, November 1st, 2024, Chainwire

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is excited to launch the Bybit On-Chain Earn feature, expanding user access to Proof-of-Stake earning models with additional benefits. This staking-as-a-service feature simplifies the staking process, eliminating complex technical hurdles and granting more users direct access to staking opportunities on the Bybit platform. Starting October 30, Bybit users can explore a new avenue for earning crypto rewards through On-Chain Earn.

One significant challenge for beginners in staking is managing multiple technical layers and gas fees. This resource-intensive task also necessitates advanced technical knowledge from individual stakers, who need proper hardware and an understanding of managing and deploying staking nodes.

> “Bybit On-Chain Earn will redefine the staking experience, stripping away complexity and opening doors for an influx of CeFi users to participate in the decentralized future. This launch marks a step toward a revolution in how people interact with blockchain technology, blending simplicity with opportunities. At Bybit, we are committed to creating an inclusive space and empowering users to become active contributors to blockchains they take part in,” said Joan Han, Sales and Marketing Director of Bybit.

> “With the launch of On-Chain Earn, our goal is to bridge the gap between decentralized experiences and centralized users. We are eager to collaborate with a wider range of projects within the ecosystem, creating a ‘Crypto Ark’ that serves as a robust gateway to the world of digital assets,” stated Jerry Li, Head of Financial Products at Bybit.

Feature Highlights:

• Navigating: staking with ease: Users can leverage Bybit’s advanced platform and infrastructure to stake leading cryptocurrencies from ETH to SOL effortlessly, without micromanaging technical aspects.
• Contributing to decentralization with potential gains: Users will benefit from market gains while enhancing the safety and decentralization of the blockchain through their participation in Bybit On-Chain Earn.
• CeFi x DeFi opportunities: The product facilitates centralized finance (CeFi) users' transition to decentralized finance (DeFi), allowing them to explore DeFi in a user-friendly Bybit environment, presenting more diversification opportunities along with competitive APRs and rewards such as airdrops.

#Bybit / #TheCryptoArk

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Founded in 2018, Bybit offers a professional platform for crypto investors and traders featuring an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit proudly partners with Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle (NYSE:ORCL) Red Bull Racing team.

For more details, visit Bybit Press.

For media inquiries, contact: media@bybit.com

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Contact
Head of PR
Tony Au
Bybit
tony.au@bybit.com

This article was originally published on Chainwire.