Bybit to List PayPal’s PYUSD Stablecoin for Spot Trading!

Author: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Sep 20, 2023 17:20

Cryptocurrency derivatives platform Bybit has added PayPal’s US dollar-backed stablecoin PYUSD to its list of tradable assets. The company has launched spot trading for PYUSD and will provide the PYUSD/USDT trading pair. Bybit is the latest crypto exchange to list the stablecoin, following in the footsteps of Coinbase, Kraken, Gate Cryptocom, Huobi, and others. CoinGecko data shows that PYUSD’s market value is about $44.38 million with a 24-hour trading volume of only $1.1 million.