tl;dr
Bybit launched Bybit TradFi, a platform enabling users to trade gold, forex, stock CFDs, global indices, and commodities within its app, marking the first such offering by a major crypto exchange. The platform allows management of crypto and traditional assets from a single account, simplifying cros...
Bybit launched Bybit TradFi, a pioneering platform that enables users to trade gold, forex, stock CFDs, global indices, and commodities directly within its app, marking the first such offering by a major crypto exchange. This new service allows traders to seamlessly manage both crypto and traditional assets from a single account, simplifying cross-market strategies and reducing reliance on multiple intermediaries.
The platform features major stock CFDs from companies like Apple, Amazon, Tesla, and Google, aiming to bridge the divide between traditional and emerging financial markets. Bybit’s introduction of TradFi reflects a broader industry trend of crypto-native firms expanding into traditional finance, driven by growing demand for portfolio diversification amid economic uncertainty.
Bybit's Gold & FX pilot service set a daily trading volume record of $24 billion in April 2024, demonstrating strong market interest. To further encourage adoption, Bybit is offering a 50% fee discount on stock CFD trades through June 23 for eligible users. The service is powered by Infra Capital and operates under a Mauritius FSC license, though it is unavailable in certain regions such as the European Economic Area.
The company’s 2025 roadmap focuses on scaling back some Web3 services while expanding legacy finance products. Planned initiatives include integrating traditional finance offerings like Treasury bills into Bybit Earn, launching new restaking and DeFi tools, enhancing wallet security and usability, and introducing a Web3 Points rewards program. Bybit also aims to strengthen on-chain asset management and deepen synergy between centralized and decentralized platforms.
Bybit experienced exceptional growth in 2024, tripling its user base to over 60 million and achieving an average daily trading volume of $36 billion, underscoring its expanding influence as a hybrid finance hub.