News
Public · Published
Bybit's UTA Loan program now covers 24 assets as interest-free borrowing widens
Bybit expanded its Unified Trading Account (UTA) Interest‑Free Borrowing program to include 24 crypto assets, adding 22 new assets to the existing USDT and USDC coverage, so traders can borrow without interest when unrealized futures losses trigger automatic borrowing.
Published:
Updated:
What happened
Bybit expanded its Unified Trading Account (UTA) Interest‑Free Borrowing program to include 24 crypto assets, adding 22 new assets to the existing USDT and USDC coverage, so traders can borrow without interest when unrealized futures losses trigger automatic borrowing.
Confirmed
Global impact / market context
The interest‑free borrowing lowers the cost of funding for traders who hold Perpetual or Futures contracts, making it cheaper to keep positions open and potentially encouraging more trading activity on Bybit.
Analyst inference
Bybit is the world’s second‑largest crypto exchange by volume, so its new cost‑saving feature could push other platforms to add similar programs, affecting how margin (borrowed) financing is priced across the market.
Analyst inference
What to watch
- The volume of automatic UTA borrowing for the new assets will show how much traders value the zero‑interest benefit and whether it drives higher trading activity. Proposed
- Competing exchanges may launch comparable interest‑free loan programs, which would reveal how the feature influences market share and competitive pressure. Proposed
- Regulators could examine the interest‑free borrowing model for potential risks, such as encouraging larger leveraged positions, leading to possible new compliance rules. Proposed
Affected assets
- HYPE — Hyperliquid
- ETH — Ethereum
- BTC — Bitcoin
- USDC — USD Coin
- XRP — XRP
- DOGE — Dogecoin
- SOL — Solana
- USDT — Tether