News Daily

The Times

News from Asia

  • Written by Media Outreach
DUBAI, UNITED ARAB EMIRATES - Media OutReach - 23 March 2023 - Bybit, the world's third most visited crypto exchange, is proud to list the Arbitrum (ARB) token — along with a massive prize pool of $400K to celebrate. Today, users will be able to deposit ARB and trade newly created ARB spot pairs, perpetual contracts, and trading bot pairs.

Arbitrum is the biggest player in Ethereum's layer 2 scaling landscape, designed to boost Ethereum's speed and scalability while adding additional privacy features. The release of ARB (which includes "airdropping" 12.75% of the entire supply to the chain's early users) is one of the most highly-anticipated events in the cryptocurrency industry this year.

To celebrate this occasion, Bybit has launched a series of campaigns that offers ARB traders a chance to win part of its massive $400K prize pool.

Firstly, all users who deposit 250 ARB will receive a gift of 25 USDT, and new users who have used the Arbitrum-native trading platform GMX, can claim a further 0.5 GMX with a deposit of 500 ARB. Also, Bybit's official Twitter account will be giving away GMX and USDT in a lucky draw to 400 users who like or retweet its tweets, or follow the official Twitter account.

Bybit offers a range of trading bots, which allow users to automate strategies, backtest them, and trade the markets 24/7. Their bots are easy to configure, so even beginners can benefit from automated trading.

As part of the ARB celebration, users who trade ARB via Bybit's spot grid bots will share in a $20K prize pool. Another launchpool campaign for ARB subscribers will unlock a total of $150K in rewards. Finally, a high APY ARB fixed-term product is available via Bybit Earn, allowing traders to earn even more rewards from their investments.

"At Bybit, we recognize our responsibility to provide forward-thinking opportunities for our users and lead the way in supporting the proliferation of cryptocurrency and blockchain technology," said Ben Zhou co-founder and CEO of Bybit. "I am delighted to see that we are offering an ARB token listing, which promises unique rewards for those who make use of it. We are eager to see how our users leverage this powerful new asset and await their feedback with enthusiasm."

Further Information and Resources

Hashtag: #Bybit #NextLevelOpportunities

The issuer is solely responsible for the content of this announcement.

Read more

7 Situations Where GPR Scanning Can Prevent Costly Construction Mistakes

Construction projects often rely on accurate information before excavation, drilling, coring or demolition begins. While plans, utility records and visual inspections provide valuable guidance, they don't always reveal what's hidden beneath the surface. Unknown utilities, reinforcement, voids or buried structures... Read more

Key Terms to Review Before Signing a Business Lease

A business lease can be a large financial commitment, and the terms buried in the fine print can affect your operation for years. It can be tempting to skim past the legal detail once you’ve found premises you like, but... Read more

When Should You Speak to Bankruptcy Lawyers About Debt Problems?

Debt problems rarely appear without warning, yet many people wait far longer than they should before seeking legal advice about their situation. By the time the decision is made to consult with bankruptcy lawyers, the available options are often more... Read more

Top Electrical Safety Tips from Inner West Sydney Electricians

While it may not be the most exciting subject to discuss, having an electrically safe home is definitely one of the most critical. Knowing the basics could help you avoid accidents and ensure your home remains in good condition, whether... Read more

When to Escalate a Debt Recovery Matter to Legal Action

Knowing when to transition from informal debt collection efforts to formal legal proceedings is a decision that many creditors find difficult to navigate. Acting too early can damage commercial relationships, while waiting too long can reduce the likelihood of recovery... Read more

Why Slurry Hose Systems Are Essential for Handling Abrasive Industrial Materials

Transporting abrasive mixtures is a common challenge in industries such as mining, dredging, and construction. These mixtures, known as slurry, consist of solid particles suspended in water or other liquids. Moving slurry through pipelines requires specialised equipment that can withstand... Read more