On July 1, 2026, Bybit, the world’s second-largest cryptocurrency exchange by trading volume, announced two major new features designed to boost capital efficiency for both retail and institutional traders. The exchange now accepts its native yield-bearing token BYUSDT as margin collateral on the Bybit TradFi platform, while simultaneously launching a Bank Triparty service that offers regulated custody for institutional investors.
BYUSDT Collateral on Bybit TradFi
BYUSDT, a token exclusively available on Bybit and backed 1:1 by users’ USDT Flexible Easy Earn balances, can now be used to trade a wide range of traditional financial instruments. This integration covers forex, gold, crude oil, global indices, and stock CFDs, allowing traders to earn yield on the same capital used as margin. Previously, only USDT was accepted. By consolidating yield generation and trading margin into a single account balance, Bybit eliminates the need to choose between passive income and active trading. To celebrate the launch, a 150,000 USDT bonus APR prize pool is available for eligible traders until July 31, 2026. New users can receive an APR multiplier based on daily net trading volume, while existing users enjoy tiered boosts – stock CFD volume is weighted at 4x to reach higher tiers more easily. Additionally, Bybit TradFi currently offers zero commission and zero overnight fees for over 380 stock CFDs.
Bank Triparty Service for Institutions
Separately, Bybit introduced its Bank Triparty framework, a regulated custody solution aimed at institutional clients who require separation of counterparty risk from trading access. Eligible institutions deposit USD or U.S. Treasury Bills with designated, well-established banking partners, who hold the collateral in independent custody. Based on this, Bybit provides approved borrowing capacity in the form of USDT loans directly credited to the institution’s Unified Trading Account (UTA). Institutions thus retain yield on their Treasury Bill collateral while immediately accessing liquidity across spot, margin, perpetual, and options markets, without transferring or restructuring assets. The collateral-to-loan ratios are prudently set, with collateral exclusively in cash and U.S. government securities. This addresses a critical institutional demand: mitigating counterparty risk while preserving full trading functionality.
Both initiatives underscore Bybit’s strategy to bridge traditional and decentralized finance, offering enhanced yield opportunities and capital deployment tools. The BYUSDT upgrade brings triple-yield stacking for retail users, while the Bank Triparty product answers growing institutional calls for secure, capital-efficient market access.
