Bybit, the world's second-largest cryptocurrency exchange by trading volume, announced the launch of Manual Borrowing on its Unified Trading Account (UTA) for margin trading. This new feature introduces a greater level of control and flexibility for leveraged trading strategies. Manual Borrowing allows traders to proactively borrow assets and hold them in advance of their trading activity, complementing the existing Automatic Borrowing mechanism.
Enhanced Trading Control and Capital Efficiency
Manual Borrowing is designed to address common challenges in margin trading by enabling users to secure borrowable assets before periods of market volatility or high utilization. With this new feature, users can proactively lock in leverage early based on their specific needs. This proactive approach helps prevent missed trading opportunities that can arise due to asset unavailability or liquidity constraints in fast-moving markets, ensuring that trading strategies remain executable even during periods of high market activity.
The Manual Borrowing feature is integrated seamlessly into the existing Spot trading interface through a dedicated "Borrow" tab. Traders can select their desired tokens and amounts, confirm their borrowing requirements, and receive the assets directly in their UTA, making them available for immediate use in margin trades.
Key Advantages of Manual Borrowing
- •Locking in liquidity for planned trades.
- •Protection against liquidity shortages during volatile market conditions.
- •Proactive borrowing to prevent the failed execution of trading strategies.
Powering Up Trades with Bybit UTA
This enhancement is a significant step in Bybit's ongoing commitment to building a comprehensive trading solution that caters to the evolving needs of Bybit UTA users at every stage of their trading journey.
Bybit UTA now supports both Manual and Automatic Borrowing options, offering flexibility to accommodate diverse user preferences and trading approaches. While Automatic Borrowing continues to provide one-click leverage at the time of trade execution, Manual Borrowing offers strategic planning capabilities for users who prefer more sophisticated and personalized trading strategies.
The Manual Borrowing feature is now available to all eligible UTA users on Bybit. For more detailed information about borrowing on UTA, users can visit the Bybit help center.
About Bybit
Bybit is the world's second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is committed to redefining openness in the decentralized world by creating a simpler, open, and equal ecosystem for everyone. With a strong focus on Web3, Bybit strategically partners with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Bybit is recognized for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, effectively bridging the gap between TradFi and DeFi. The exchange empowers builders, creators, and enthusiasts to unlock the full potential of Web3. Further details about Bybit can be found on Bybit.com.