According to the announcement, Lever crypto will now be on the Bybit platform with the LEVER/USDT pair enabling spot trading. With the listing news, users will also have access to perpetual contracts with up to 25x leverage.
Bybit Announces Listing of Lever Crypto – 2023
Immediately after the listing news, Lever deposits are available on the platform. However, withdrawals became available about an hour ago, as they were announced to open on October 5, 2023, at 10:00 UTC.
Two events were also announced with the listing. The first event is for new users only, while the second event is for all users on the platform.
All Details about Event 1
Starting on October 3 and ending on October 20, the first event, as mentioned above, is only for new users of the platform. Users who register and authenticate with Bybit will then need to take one of the following actions:
- Amassing a deposit volume of LEVER valued at least 100 USDT.
- Purchasing 100 USDT worth of LEVER in your first trade using your Bybit account after making a deposit of 100 USDT.
The first 1000 new users to authenticate and make one of the trades will receive 10,000 Lever.
All Details about Event 2
Starting on October 4 and ending on October 20, the other event is open to all users on the platform. The only requirement is to accumulate at least 500 USDT worth of LEVER spot trading volume to trade with LEVER and share the 35 million LEVER prize pool. The trick is that the more you trade, the bigger the share. However, rewards for individual accounts will be limited to 3.5 million LEVER.
About LeverFi
Trades can be leveraged up to 10x due to the decentralized trading system LeverFi, which also allows for yield on collateral. It is the first and only protocol on the market that enables investors to aggregate various collateral kinds while receiving interest and engaging in leveraged trading.
About Bybit
A cryptocurrency derivatives exchange with a comprehensive selection of cutting-edge trading tools is Bybit. It offers excellent security and a commitment to no downtime. With more than 16 million users since its launch in March 2018, Bybit is one of the cryptocurrency exchanges with the quickest growth.
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