Crypto Exchange ByBit Introduces 10x Spot Margin Trading in Europe
Bybit, the world’s second-largest cryptocurrency exchange by volume, has introduced spot margin trading for European users of the platform at up to 10x leverage, compliant with the region’s Markets in Crypto Assets (MiCA) regime.
The service, announced on Monday, allows users of Austria-based Bybit EU, to borrow funds against their existing crypto holdings, using them as collateral to buy or sell more assets than their wallet balance would otherwise allow.
For example, a user with $100 can borrow additional funds to execute a $1,000 trade using 10× leverage, amplifying both potential gains and losses from small market movements, Bybit said in a press release.
The bedding in of Europe’s MiCA regime has seen regulated firms explore a…
