Bybit’s Zero Fees Fiesta campaign leads to a EUR trading volume surge 

Bybit, one of the top three crypto exchanges by trading volume, has reported a significant surge in EUR trading volume following the launch of its EUR Zero Fees Fiesta campaign in April this year, according to the information shared with Finbold on May 30. 

The campaign highlights Bybit’s dedication to expanding the European market and offering a competitive and cost-effective platform for European traders.

Bybit climbs to #2 in the Netherlands 

Since the launch of the EUR Zero Fees Fiesta campaign, Bybit has seen a 13% average daily increase in trading volume for EUR pairs. 

Picks for you

Did McDonald's just reveal the real inflation rate? 11 mins ago
AI revises Shiba Inu price prediction for end of 2024 28 mins ago
How rich is the longest-sitting Republican senator: Chuck Grassley's net worth revealed 59 mins ago
Crypto trader makes $488k in 5 hours trading Jenner token 1 hour ago

This surge solidified Bybit’s status as a major player in the European crypto market, and the exchange is now ranked number two in the Netherlands, testifying to its influence in the region.

Joan Han, Sales & Marketing Director of Bybit, remarked on the importance of democratizing access to the crypto market in Europe, stating:

“By eliminating EUR trading fees, we’re making it easier and more affordable for European users to participate in the cryptocurrency market. We view Europe as one of the key growth markets and are dedicated to offering a streamlined experience for European traders.”

— Joan Han, Sales & Marketing Director of Bybit

The growth of the European crypto market

Bybit’s commitment to fostering a vibrant and accessible crypto ecosystem in European goes beyond fee elimination — the EUR Zero Fees Fiesta campaign also eradicates hidden costs, simplifying user participation without unexpected charges. 

Combined with the seamless one-click purchase option via Google Pay across 35 currencies, Bybit enables European users to buy and trade crypto with ease. 

Bybit’s focus on innovation and user-centric services underscores its position as an increasingly more popular platform among European traders, fostering a convenient and efficient crypto trading experience.

Bybit’s community engagement strategies

In addition to the EUR Zero Fees Fiesta campaign, Bybit prepared additional community engagement initiatives.

The Bybit Trader of 2024 initiative, launched with the slogan “Ignite Your Trades, Seize the Crowns,” aimed to equip traders with advanced tools and essential knowledge to improve their market performance.

Additionally, Bybit plans to host numerous events throughout the year. 

Monthly trading competitions will be held, allowing participants to demonstrate their skills and strategies, thereby recognizing and rewarding active community members.

Comments

Post a Comment

Popular posts from this blog

Dogecoin Price Prediction: DOGE Plunges 7% As Experts Say Consider This Innovative Staking Meme Coin For 100X Gains

Image
The Dogecoin price plunged 7% in the last 24 hours to trade at $0.1922 as of 2.20 a.m. EST on trading volume that plummeted 23% to $7.56 billion. After surging over the past two days during the US election, the Dogecoin price climbed to $0.21, only for it to then correct back under the resistance at $0.20. The project only reached this height twice in the past year — once in March, and once again in April. However, with the election now officially over, the hype has died down, and prices have corrected. But Dogecoin might prove to be a special case given Trump’s plans to create a new crypto-related department and put Elon Musk — a major DOGE supporter — in charge of it. Recent mentions of the so-called Department of Government Efficiency, or DOGE, have fired Dogecoin higher, and so many are likely to keep DOGE in expectation of much greater gains in months and years to come. Dogecoin Price Prediction The Dogecoin price correction in the last 24 hours was fa...
Read more

Elon Musk Dogecoin Joke Fails To Ignite DOGE Price Even As Donald Trump Considers Tesla Titan For Public Office

Image
A Dogecoin joke by Tesla and SpaceX founder Elon Musk failed to stem a DOGE slump even as former President Donald Trump said he’d offer him a cabinet post if he re-takes the White House. In an Aug. 20 post on X, Musk said he’s “willing to serve,” along with a picture of him standing at a podium with the words “D.O.G.E. – Department of Government Efficiency.” Following the post, the price of Dogecoin registered a slight 24-hour loss to trade at $0.1046 as of 2:50 a.m. EST, perhaps signaling Musk’s waning influence on the price of the biggest meme coin by market capitalization. Trump Willing To Offer Elon Musk A Cabinet Position Musk’s post came in response to Trump saying that he would offer the Tesla and SpaceX founder a Cabinet position or an advisory role if he gets elected, and assuming Musk was interested. In an interview with Reuters, the Republican nominee said that he would approach Musk for such a position “i...
Read more

Bitcoin miner Phoenix Group’s $370m IPO overwhelms with massive subscription rate

Image
Phoenix Group, a major bitcoin mining service provider based in Abu Dhabi, recently announced the successful completion of its Initial Public Offering (IPO), securing a substantial $370 million in capital.  In a statement released this week, Phoenix Group revealed the IPO, initiated on the Abu Dhabi Securities Exchange (ADX), witnessed an overwhelming response, with subscriptions exceeding the initial offering price 33 times over. Notably, the enthusiasm among retail investors was particularly striking, with subscriptions surpassing expectations by 180 times. You might also like: WSJ: Changpeng Zhao to step down, plead guilty as part of Binance-DoJ settlemen Phoenix Group IPO details The public offering, which commenced on Nov. 16 and concluded on Nov. 18, involved the sale of 907 million shares. This represented 17.64% of the company’s stakes, with the aim of raising 1.3 billion UAE dirhams, approximately $370 million. The shares are scheduled to start trading ...
Read more