Digital Assets: Bybit P2P Crypto Trading Provides Instant On-Chain Deposits to Clients’ Web3 Wallets

Bybit, which claims to be one of Coingecko’s top-five cryptocurrency exchanges, is pleased to announce that users can now “buy crypto on-chain using Bybit’s peer-to-peer (P2P) trading service.”

The P2P enhancement currently “allows for the purchase of USDT using more than 62 fiat currencies, with users receiving crypto on Ethereum and BNB blockchains.”

Users can receive USDT directly in their secure Bybit Wallet — “with more cryptocurrencies to come.”

Bybit claims that it intelligently “displays the most favorable offers, considering factors such as country/region, preferred payment method, desired coins, and compatible providers.”

Connecting buyers and sellers of crypto is part of Bybit’s commitment to the industry.

And Bybit Web3’s P2P functionality “ensures secure, peer-to-peer transactions using an escrow system to ensure each trade is performed with ease and integrity.”

Ben Zhou, co-founder and CEO, stated:

“At Bybit, we continuously strive to democratize access to financial services using decentralized blockchain technology. To break down the difficulty barrier, we have invented Bybit’s Web3 Wallet, which allows users to interact with decentralized finance apps while their assets and keys and kept safe by Bybit. By connecting this service with our P2P system we are again throwing open the doors for anyone to come and take advantage of the next-level opportunities offered by the blockchain revolution.”

As noted in the update, Bybit claims that it is known “for its commitment to offering competitive rates, low fees, and steady conversion rates.”

With this new function, users will reportedly be able to “look forward to advantageous pricing and the freedom to choose from a wide range of payment options.”

As covered, Bybit, which claims to be the world’s “third most visited” crypto exchange, is pleased to announce that it has successfully obtained a license to operate a crypto exchange and provide custody services in Cyprus.

This milestone demonstrates Bybit‘s commitment “to working within regulatory frameworks and providing its users with secure and compliant trading solutions.”

Bybit‘s newly acquired license from the regulatory authorities in Cyprus “allows the company to offer a full suite of services, including trading between crypto pairs and fiat currency pairs, financial services related to crypto assets, and custody solutions tailored to clients in Cyprus and E.U. member states.”

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