Bybit, the world's second-largest cryptocurrency exchange by trading volume, has announced two significant initiatives aimed at expanding its services and user engagement. The first is the launch of an "AED Fiat Referral Boost" campaign, offering a 7,500 USDT prize pool to incentivize deposits in UAE Dirhams (AED). The second is the listing of a new CLUSDT Perpetual Contract, allowing traders to speculate on crude oil futures with up to 50x leverage.
The AED promotion, running from March 26 to April 26, 2026, is designed to boost fiat deposits through Bybit's local rails. New users depositing at least AED 500 receive a 10 USDT bonus, while referrers earn 5 USDT per qualified new user. The campaign also features tiered deposit rewards up to 30 USDT for deposits of AED 10,000 or more, and a leaderboard competition where the top three referrers can win 300, 200, and 100 USDT, respectively. This initiative is available to users registered under Bybit's UAE Capital Market Authority (CMA) license obtained in 2025.
Separately, Bybit has launched trading for the CLUSDT Perpetual Contract, which tracks Crude Oil Futures (CL) and settles in USDT. The contract features a 1% initial margin rate, a maximum leverage of 50x, and a capped funding rate of 1%, with settlements every four hours. It is available for trading 24/7 and integrates with Bybit's advanced trading tools like Futures Grid and Martingale strategies. This listing follows recent additions of gold (XAUUSDT) and silver (XAGUSDT) perpetual contracts, broadening the exchange's suite of commodity-based derivatives.
