Bybit and Uquid have announced a promotion offering up to 50% cashback on purchases made through the Bybit platform. This event will run from April 25 to May 15, 2025.
Key Details of the Promotion
Bybit Pay has partnered with Uquid to provide users with up to 50% cashback for their purchases. The promotion includes major cryptocurrencies such as BTC, ETH, USDT, and USDC, aiming to enhance the real-world utility of cryptocurrencies.
Potential Market Impact
The cashback campaign is expected to increase transactional volume on both platforms. Historical data suggest that such promotions typically enhance user interest in cryptocurrencies without causing significant price fluctuations in major coins.
Significance of Previous Promotions
Bybit's historical cashback events have ranged from 10% to 50%. Offers of this magnitude are rare and generate interest in user engagement and adoption of cryptocurrencies.
The collaboration between Bybit and Uquid highlights a crucial step towards increasing the practical utility of cryptocurrencies, promoting their integration into everyday purchases.
