Cryptocurrency exchange Bybit has announced the launch of an updated version of its Web3, providing users with simplified access to trading and DeFi opportunities.
Bybit Web3 Update
Bybit, the world's second-largest cryptocurrency exchange by trading volume, has announced the launch of an updated Web3. This follows a hiatus back in May this year, as part of its restructuring, with the new version aimed at unlocking access for millions of users worldwide.
Simplified Access to DeFi
The updated Web3 introduces new features that allow users to conduct trading based on DeFi without the need for complex setups. Users can now trade on the platform using a single account, eliminating the need to manage multiple wallets and gas tokens.
Prize Pool for Web3 Users
Until September 7, 2025, eligible Bybit Web3 users can participate in two events with a total prize pool of 200,000 USDT. In the first option, users can earn lottery tickets by completing simple tasks, while the second offers the chance to compete in trading volume challenges.
The Bybit Web3 update provides users with a user-friendly interface for accessing DeFi, while also expanding opportunities through the prize pool. This is another step in enhancing trading in the cryptocurrency space.
