Bybit Unveils Newly Revamped VIP Program, Set to Redefine Trading Experience

Key Highlights

• Leading crypto company, Bybit revamps its VIP program in a bid to improve user satisfaction and optimize trading opportunities.
• With the VIP Program Upgrade, Bybit has revised fee rates for takers and makers across different VIP tiers, and also extended its PRO levels from three to five tiers.

Following efforts to redefine the trading experience for crypto enthusiasts and investors alike, world’s leading cryptocurrency exchange, Bybit is setting new standards in cryptocurrency trading with the unveiling of its newly revamped VIP program.

According to an official announcement today, Bybit’s revamped VIP program introduces a host of innovative features and benefits designed to enhance user satisfaction and optimize trading opportunities.

Ben Zhou, co-founder, and CEO of Bybit expressed their dedication to equip traders worldwide with the means necessary to navigate the contemporary crypto market successfully. He described the revamped VIP Program as a substantial stride toward realizing this vision, promising key service improvements for the platform’s clientele.

Bybit Initiates Competitive Fee Structure Via Newly Revamped VIP Program

As part of the remarkable VIP program upgrade, Bybit has updated its fee structure, promising traders a more lucrative and exciting trading environment. Following this development, the company revised the fee rates for takers and makers across different VIP tiers by strategically lowering taker fee rates while increasing maker fee rates.

In addition to this, Bybit has also expanded its PRO levels from three to five tiers. This move aligns with the platform’s aim to boost customer engagement on the platform. This update will see existing VIP users on Bybit enjoy an instant upgrade to PRO Level when the proportion of their API transactions exceeds 20%. More interestingly, the platform will provide them with access to a more favorable maker rate when they become PRO users. This advancement is set to provide them with a competitive edge in their trading activities.

Notably, the level thresholds have been adjusted with the PRO levels now catering to varying transaction volume ranges. This will see PRO3 encompassing a volume of 500M to 1B, PRO4 spanning 1B to 2B, and PRO5 designed for volumes exceeding 2B. The move aims for the level thresholds to better align with user activity.

Nonetheless, Bybit’s VIP program update brings further benefits to traders with fine-tuned fee rates. The changes include reducing the rates from 0.035% to 0.03% for PRO3, from 0.0325% to 0.0275% for PRO4, and from 0.03% to 0.025% for PRO5. Apparently, these updates promise enhanced trading advantages to traders.

Bybit’s commitment to making notable advancements within its ecosystem is an attribute of its remarkable growth in the crypto space. The company had revealed an incredible boom in its global user base a few months ago. The company had sought for an extensive global office while also expanding its suite of products. Currently, Bybit record shows $ 794.43M in trading volume over the last 24 hours.