Bybit adds simulator, unlocks VIP crypto yields for all in Dual Asset upgrade
- Bybit's new simulator previews both Dual Asset settlement outcomes clearly.
- Redesigned interface reduces steps needed to compare terms and place orders.
- VIP-tier products with enhanced APR rates open to all users every Friday.
Bybit said on Friday that it had upgraded its Dual Asset product with a new investment simulator, a simplified interface and broader access to products carrying VIP-tier annual percentage rates.
The Dubai-based company, which describes itself as the world's second-largest cryptocurrency exchange by trading volume, said the changes are intended to make the short-term structured investment product easier to understand and use.
Bybit Dual Asset is a non-principal-protected product that allows users to set a target price for buying or selling cryptocurrency.
Investors earn APR rewards on their principal at settlement, regardless of whether the selected target price is reached.
A simulator for settlement outcomes
The main addition is a simulator that lets users preview potential outcomes before placing an order. Traders can choose a token from a searchable list, enter their investment amount and select from the available durations.
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