Bybit sweetens broker program with 100% rebate

abdelaziz Fathi

Singapore-based cryptocurrency exchange Bybit is revamping its broker rebate program as it aims to deepen liquidity and maintain minimal slippage on its spot trading platform.


This particular campaign is unique in that it incentivizes both new and current brokers with returning all spot trading fees generated by the broker via a 100% rebate. The move will increase pressure to lower fees for other crypto exchanges, which will have to trim fees as competition heats up.

Brokers can get competitive rebates based not only on their trading volume, but also the types of users acquired. Rebates will be settled on a monthly basis and brokers who have an agency relationship will receive all commission income minus affiliate fees and counterparty fees.

The move allows Bybit’s broker partners to pass onto these savings to their end customers and take advantage of competitive spreads to raise their trading turnover.

“With this best-in-market, 100% rebate offer for our spot trading platform, Bybit again demonstrates our commitment to supporting brokers and creating a mutually beneficial arrangement for all. This incentive enables traders to benefit from the best spreads and boosts their performance on our platform,” said Ben Zhou co-founder and CEO of Bybit.

It is understood that Bybit’s broker program is open to two types of brokers: API brokers (which is more relevant to asset managers and bot users) and exchange brokers like aggregators and wallet providers. API brokers can simply connect customers with Bybit’s brokerage services by using  its integrated API. Independent brokers can also leverage Bybit’s infrastructure, stability, security, and liquidity to expand their business with a one-time integration.

Meanwhile, Bybit has overhauled broker services to provide better technical and market support for each broker to achieve mutual benefits and co-development.

The move comes shortly after Bybit set up a $100 million fund to help restore confidence in the industry and support institutional investors within its ecosystem.

As the collapse of FTX sent shockwaves through the crypto space, market makers and high-frequency trading (HFT) institutions are eligible to access up to $10 million in credit facility. The offer is available to both existing and new clients on Bybit, as well as dedicated account managers at other exchanges.

The exchange explains that the initiative aims to protect the strong industry players who might just be hurt short term. The move also comes a week after Bybit has publicly provided its proof of reserves.

  • Read this next

    Retail FX

    eToro revives IPO plans after failed $10B SPAC merger

    Israeli social trading network eToro is actively exploring options for a public market listing, according to CEO Yoni Assia in an exclusive interview with CNBC.

    Digital Assets

    Meme Coin Communities Gear Up for the CoinMarketCap Crypto Awards

    CoinMarketCap’s Crypto Awards 2024, the first edition of a new annual event, is captivating the global crypto community. This is especially true for the Meme Coin Of The Year category, where voting has become a battleground for the most passionate and vibrant communities in the crypto space.

    Digital Assets

    Sui Recognized as 2024 Blockchain Solution of the Year at AIBC Eurasia Awards

    The Layer-1 Received the Top Honor at the Eurasia Awards While Experiencing a Period of Unprecedented Growth and Recognition

    Crypto Insider

    Vitalik Buterin, Sandeep Nailwal Lead Decentralized AGI Summit, Address Centralized AI Risks at ETHDenver

    Sentient and Symbolic Capital’s Decentralized AGI Summit will feature leading Decentralized AI authorities like Vitalik Buterin and Sandeep Nailwal.

    Digital Assets

    Aethir Unveils Its First Decentralized AI Node Sale

    Aethir, a leader in decentralized GPU cloud infrastructure, has announced its highly anticipated Node Sale.

    Market News

    Weekly data: Oil and Gold. How they might be affected in the short term?

    This preview of weekly data looks at USOIL and XAUUSD where economic data coming up later this week are the main market drivers for the near short-term outlook.

    Digital Assets

    BitForex goes offline after mysterious $57 million withdrawal

    BitForex, the Hong Kong-based cryptocurrency exchange, abruptly went offline following a mysterious withdrawal of $57 million from its hot wallets. Blockchain detective ZachXBT was among the first to spotlight this, revealing that BitForex has ceased withdrawal transactions and its team appears to be unresponsive.

    Digital Assets

    Should the largest Bitcoin trade be priced in BTC or USD?

    Three days ago, the Bitcoin network witnessed a staggering transaction of 26,139 BTC, valued at $1.347 billion. This recent transaction contrasts sharply with a notable event from 2011, where 500,000 BTC were moved, then valued at around $1.13 million.

    Market News

    EURUSD volatility abound as more Americans buy houses whilst Europe lags behind

    EURUSD volatility has been on the rise, reflecting contrasting trends between the United States and Europe, particularly in the housing market.