Bybit is now moving its options and future contracts to Tether (USDT) and will not issue new USDC contracts from February 26 in an effort to increase liquidity on the platform.
In times when the crypto landscape is gradually moving towards USDC, Bybit seems to be doing the opposite. This is because most of the traffic on Bybit comes from the Russian Federation.
USDT is still the most liquid stablecoin with a supply of $145.2B. USDC is second on the list with a supply of $54.9B.
It’s worth mentioning that Bybit posted good numbers ($22.2B in daily trading volume) on the back of the 2024 bull run. Unsurprisingly, $BTC and $ETH are the most active pairs of derivatives on the platform.
The current shift will affect SOLUSC and ETHUSDC futures. Bybit will ensure that the expiry of USDC and UDST contracts are on different dates so as not to fragment liquidity.
Bybit’s European Dream May Soon Become a Reality
Despite being restricted in countries like Canada, France, China, the USA, and the UK due to regulatory reasons, Bybit has not given up hope on becoming a force to reckon with in Europe.
Recently, the exchange was removed from the French AMF blacklist after more than 2 years of working with the regulators. The platform is now working towards getting a MiCA license, as confirmed by CEO Ben Zhou himself.
As the crypto landscape becomes more inclusive with pro-crypto regulations, a large number of new investors will join in to benefit from the upcoming bull run.
If you’re looking for the best crypto to invest in, consider rallying behind the success of the most popular crypto wallet, Best Wallet, by purchasing Best Wallet Token ($BEST).
What Is the Best Wallet Token ($BEST)?
$BEST is the in-house altcoin of the Best Wallet App, which is hands down the best crypto wallet available right now.
Best Wallet gives you access to more than 60 crypto chains, allowing you to manage your entire crypto portfolio from a single place.
The wallet is also non-custodial and decentralized and does not require you to complete any lengthy KYC process to get started. This makes it very beginner-friendly and easy to use.
Since its launch in November 2024, the wallet has amassed more than 500K total users, including 250K daily active users. That’s further proof of its utility and user-friendliness.
Check out our detailed Best Wallet review for more info.
Holding $BEST, though, will put the Best Wallet App on steroids, unlocking cool exclusive perks. For starters, you get access to the best crypto presales much before they go out on sale for the general public.
This allows you to identify potential 100x meme coins and altcoins before they skyrocket. Plus, as a $BEST token holder, you’ll be able to buy these cryptos directly on the Best Wallet App and at a lower fee than on any other crypto wallet.
More good news comes in the form of security. All the tokens will be vetted by the in-house $BEST team, meaning you won’t have to worry about falling prey to hoax or scam crypto projects.
Why Should You Invest in $BEST?
To understand $BEST’s growth potential, it’s important to dig into the goals of Best Wallet.
- Firstly, the non-custodial wallet market sits at a massive $11B, and Best Wallet aims to capture 40% of it all by the end of 2026.
- Secondly, the developers also have plans to launch a Best card and Best DEX (a native decentralized exchange).
As the Best Wallet App gains more traction and becomes the go-to for crypto investors worldwide, it’ll be the $BEST token that will benefit big time.
Moreover, $BEST aims to build a strong community of crypto investors with rich learning resources. Token holders can complete daily or weekly quests to get free airdrops.
During the last 5 months, the community has seen a 7,000+ strong airdrop user base with over 75,000 quests. You can join its 48.8K-strong X community or stay updated through its Discord and Telegram channels.
Analysts expect a 13,000% surge in $BEST’s value by the end of 2025, which would drive up its price to $3.25. This bullish momentum is expected to continue in 2026, where $BEST can hit highs of $6.47.
The next price increase is set to take place in less than 12 hours, so this might be your last chance to buy $BEST for such a low price.
However, it’s best to do your own research before putting your hard-earned money in crypto, as the markets can be notoriously volatile.
Also, this article isn’t a substitute for financial advice, so consider consulting a professional before making any decisions.
