Bybit Expands Interest Free Borrowing to 24 Major Crypto Assets

Bybit has significantly updated its Unified Trading Account program. The exchange now allows interest free borrowing for 24 different assets, adding 22 new tokens to the existing support for Tether and USDC. This update aims to lower costs for traders managing Perpetual and Futures positions.

The list of supported tokens now includes major assets like Bitcoin, Ethereum, Solana, and Dogecoin, as well as newer projects like Sui and Mantle. This interest free benefit kicks in when unrealized losses on futures trades trigger automatic borrowing. As long as the borrowed amount remains within specific limits, traders will not pay any interest fees.

It is important to note that this perk only applies to automatic borrowing. Manual loans, Spot Margin trades, and Options borrowing are not included. If a trader exceeds their personal limit for a specific asset, interest will apply to the entire balance.

Borrowing limits are tied to a user's VIP tier, meaning active high volume traders get higher ceilings for interest free borrowing. Each account is calculated individually, so traders with multiple subaccounts get separate limits for each. Traders should keep an eye on these limits, as they are based on real time dollar values and may shift depending on market conditions.