Bybit TradFi is bringing traditional markets to the Bybit App, with advanced tools and competitive fees. This guide shows you how to get started, what assets are available and how to trade — no third-party apps required.

 (formerly Bybit Gold & FX) now enables users to trade traditional financial assets, including gold, forex, commodities and stock CFDs, directly from the 

Whether you're looking to diversify beyond crypto or explore leveraged positions in traditional markets, Bybit TradFi brings it all together in one place, with advanced tools and competitive fees. This guide shows you how to get started, what assets are available and how to trade — no third-party apps required.

 is the newly rebranded version of Bybit Gold & FX. It offers crypto users seamless access to traditional financial markets. Built with the same user-first ethos that shaped its crypto offerings, Bybit TradFi bridges the gap between digital assets and real-world finance.

Bybit TradFi traders can access over 100 global markets, including forex pairs, commodities, indices and 78 stock CFDs, all using USDT as collateral. This lets crypto-native traders diversify their portfolios without converting funds into fiat or using third-party tools.

, offering advanced charting, algorithmic trading via 

 (EAs) and deep liquidity. Whether you’re trading manually or using automated strategies, the platform delivers a flexible, pro-grade experience.

In May 2025, Bybit expanded its TradFi platform by 

. This update introduced 78 major US stock 

The offering allows traders to speculate on stock price movements without owning the underlying shares. With up to 5x leverage, and the ability to use USDT as collateral, it’s designed to meet the needs of crypto-native users looking to diversify into traditional markets.

Bybit TradFi brings global markets to the Bybit App

On Jun 13, Bybit TradFi announced a major update — users can now trade global assets (forex, gold, stocks, commodities and indices CFDs) directly on the 

. Previously, Bybit TradFi users are required to install the MetaTrader 5 (MT5) app to trade traditional markets. Now, traders can access TradFi trading contracts alongside Spot crypto pairs, Perpetual futures trading pairs, crypto options and more — all on the powerful and feature-rich Bybit App (update the app to 

Bybit’s TradFi interface makes accessing forex markets simple and intuitive. With USDT as margin, you can open positions on popular currency pairs such as NZDUSD+ directly from the Bybit App.

Bybit TradFi brings everything together: crypto, forex, gold, oil, indices and stocks CFDs, all in one powerful platform. With USDT as margin, you can seamlessly transition between asset classes without needing to switch apps or accounts. The experience is fast, intuitive and built for crypto natives who want to use institutional-grade tools and leverage to explore traditional markets.

Whether you're trading AAPL, XAUUSD+ or EURUSD, the Bybit App offers simplicity, speed and flexibility — all from the palm of your hand.

Beginner

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Bybit TradFi: How to trade gold, stocks, FX & more on the Bybit App

USDC is now live on the XRP Ledger, expanding its native support to 22 blockchains.

Daily top performer — Solv Protocol (SOLV)

The S&P 500 rose 0.38% and is on track for weekly gains, as cooling inflation boosts Fed rate cut hopes, despite new tariff concerns. Gold surged above $3,425 amid rising Middle East tensions and growing expectations of Fed rate cuts, as investors seek safe-haven assets. The Coindesk Indices, which tracks the broader crypto market, fell 7.20%, with Bitcoin and Ether down 1.79% and 6.13%, respectively in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today’s top performer is SOLV, up 5.9% after SolvBTC unlocks DeFi liquidity with new USD1 lending market on Lista DAO.

Solv Protocol (SOLV), founded in October 2020, is an on-chain Bitcoin reserve that lets BTC holders earn yield by swapping BTC or WBTC for SolvBTC, which can be used in DeFi or staked via liquid staking tokens across chains. With $2.7B TVL, it bridges Bitcoin and DeFi for over 590K users. 

, enabling SolvBTC holders to use their tokens as collateral to borrow USD1, a stablecoin on BNB Chain. This unlocks new liquidity and utility for SolvBTC without requiring users to sell their BTC, enhancing DeFi opportunities for both Solv and Lista communities.

Check out the latest prices, charts, and data of 

, expanding its native support to 22 blockchains. Circle highlights its use for enterprise B2B payments, DeFi liquidity, and financial infrastructure apps, offering faster, more transparent settlement options.

Yesterday, BTC spot ETFs saw total net outflows of $202 million, with GBTC posting a small inflow of $5.9 million while non-GBTC ETFs recorded $207.9 million in outflows.

TAC, a Layer-1 TON Adapter enabling EVM dApps on Telegram, is 

 its Genesis Soulbound NFT collection on June 17–18. The 10,000-supply mint is priced at 30 TON and is non-transferable. Eligible EVM contributors can check and whitelist their wallets for potential perks, possibly including a future airdrop.

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USDC expands to XRP Ledger, unlocking new use cases in payments and DeFi

In this article, we’ll explore how you can participate in the TON DeFi ecosystem and earn with Ethena.

The idea of earning passive income with crypto is always popular — and for a good reason. With Ethena now live on the TON blockchain, users can tap into a new world of yield opportunities. From staking to liquidity provision, Ethena's integration with TON creates multiple ways to grow your digital dollars. In this article, we’ll show you how to participate in the TON DeFi ecosystem and start earning with Ethena.

How to participate in the TON DeFi ecosystem

Before you begin earning rewards with Ethena, let’s first look at how you can participate in the TON DeFi ecosystem.

To begin, you’ll need a TON-compatible wallet that supports USDe and tsUSDe. Popular options include:

There are three ways to get USDe into your TON wallet:

Make sure you withdraw USDe to a TON wallet address that you control, and keep some TON in your wallet to cover transaction fees.

Once you have USDe, you can stake it to receive tsUSDe, the yield-bearing version of USDe on TON. Here’s how to do it in each wallet:

: Open the Wallet bot on Telegram, and tap on 

: Search for the MyTonWallet App bot on Telegram and launch the mini app.

: Launch the Tonhub app on your mobile device.

, and scan the QR code with your Tonkeeper wallet.

: Upon successful connection of your wallet, click on 

: Input the amount of USDe you would like to stake for tsUSDe. 

: The tsUSDe you receive from staking will automatically show up in your Tonkeeper wallet without any additional interactions.

How to earn with Ethena in the TON DeFi ecosystem 

Now that you’ve obtained USDe or tsUSDe, follow our guide below to find out how you can earn with either of these tokens in the TON DeFi ecosystem.

The simplest way to earn is by holding tsUSDe in major TON wallets. The Ethena protocol distributes dollar-based rewards to tsUSDe holders every eight hours, with a current APY of around 8%.

But that’s not all. You can also earn up to an extra 10% in Toncoin (TON) if you follow in-wallet instructions for boosted rewards, bringing your total potential yield to 15–20% APY.

: Stake USDe for tsUSDe in your wallet via 

: Follow any additional steps for boosted APY within the wallets.

You can also earn rewards using USDT by staking it into an Ethena-powered vault within the Telegram Wallet.

: Locate the Wallet feature on Telegram, either by typing @Wallet in the search bar or by tapping on the 

: Stake your USDT into the Ethena-powered vault and earn rewards regularly.

Alternatively, you can pair USDe or tsUSDe with USDT on major 

 (DEXs), such as STON.fi and DeDust, in order to earn swap fees, Ethena rewards and potential TON rewards.

: Add equal values of both tokens (USDe/tsUSDe and USDT) to minimize 

Ethena’s integration with TON is a powerful combo for anyone looking to earn steady yield in crypto. Whether you’re holding tsUSDe, staking USDT or contributing to DEX liquidity, there’s a strategy for every type of user. Start today and let your crypto dollars work for you!

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How to earn with Ethena in the TON DeFi ecosystem

Ethena has launched on TON and introduced tsUSDe, a reward-bearing, TON-native version of sUSDe, in order to bring passive earning opportunities to Telegram’s massive user base.

As Telegram’s ecosystem rapidly grows, so too does the opportunity to bring 

 (DeFi) to a wider global audience. The recent launch of Ethena on TON is a prime example, unlocking new ways for users to earn dollar-based yields while seamlessly tapping into Telegram’s enormous user base. In this article, we’ll learn about Ethena and TON, explore how they work together and show you how to earn with tsUSDe across the TON DeFi ecosystem.

Ethena is a synthetic dollar protocol that offers a crypto-native alternative to traditional stablecoins through its USDe and sUSDe assets.

Ethena enables users to hold and earn with USDe, a stable asset backed by a delta-neutral hedging mechanism, and sUSDe, which adds a yield-bearing layer. Now, with its integration into the TON blockchain, Ethena is expanding its reach beyond Ethereum to tap into Telegram’s billion-strong community.

 blockchain initially developed by Telegram and now maintained by the TON Foundation.

. Its native token, Toncoin (TON), powers transactions and staking. Thanks to its close integration with Telegram, TON is positioned as one of the most user-accessible blockchains today.

What sets TON apart is its direct access to Telegram’s user base. Since early 2025, Telegram has officially designated TON as its exclusive blockchain partner, solidifying a collaboration that began in 2023 with the rollout of TON-based mini apps.

Telegram’s distribution power, with over 1 billion monthly active users, gives any project built on TON instant visibility and scale. This makes the network a unique gateway to onboard Web 2.0 users into web3, especially in regions with high Telegram adoption.

Ethena’s integration with TON is more than just a technical milestone — it’s a strategic move to democratize access to DeFi and dollar-denominated yields. By launching on TON, Ethena makes it possible for users to interact with USDe natively within the Telegram ecosystem without needing to bridge across blockchains.

Users on Bybit can also withdraw USDe directly into any TON-compatible wallet, making it even easier to participate.

As part of the launch, Ethena introduced a new token: tsUSDe (TON-staked USDe). This is a TON-native version of sUSDe, meaning it carries the same reward-bearing mechanism, but is minted on the TON blockchain.

To obtain tsUSDe, users can simply stake USDe via Ethena’s staking interface with their selected TON networks. This unlocks earning opportunities directly within TON, without needing to interact with Ethereum or other chains.

The benefits of tsUSDe include the following:

How Ethena is powering the TON DeFi ecosystem

Ethena’s entry into TON marks one of the most important integrations in the network’s DeFi growth to date. As tsUSDe spreads across the ecosystem, users can already interact with it across a range of platforms — from wallets to lending apps. 

These integrations create a web of earning opportunities from staking and liquidity provision to lending and borrowing, all accessible through Telegram’s familiar interface.

The launch of Ethena on TON is more than just another chain expansion; it’s a step toward bringing stable DeFi opportunities to the masses, especially through the convenience of Telegram. With tsUSDe, users can now earn passively while exploring the TON ecosystem’s fast-growing 

If you're looking to diversify your earning strategies, or simply want an easier way to access DeFi, this integration is worth checking out. As more platforms begin to support tsUSDe, Ethena is well-positioned to become a core building block in the TON DeFi landscape.

Intermediate

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Ethena on TON: Boosting rewards for users

Bybit Learn

Crypto

Trading

Ethereum’s Dencun Upgrade is the next major update to the network that core developers have chosen to work on. Learn more about it in this article.

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Even after countless upgrades to the Ethereum blockchain, we’re only 

 in 2022, Ethereum’s post-Merge upgrade schedule is likely to follow its original road map, which 

, which allowed Ether stakers to finally withdraw their deposited ETH, we’re seeing Ethereum’s core developers resume their post-Merge road map now that the way forward has been paved.

Known as the “Dencun” Upgrade (a portmanteau of “Deneb” and “Cancun”), the Ethereum blockchain’s upcoming upgrade aims to improve the network’s overall scalability and security. In total, the upgrade comprises five Ethereum Improvement Proposals (

) that will supposedly increase data storage and lower costs. 

Curious as to how the team will set out to accomplish this? From 

, here’s all you need to know about the Ethereum Dencun Upgrade and how it might impact ETH prices once it’s fully implemented this year.

Ethereum’s Dencun Upgrade is the next major step forward for the network that core developers have chosen to work on. Labeled the “Surge” portion of the 

’s road map, Dencun aims to improve the blockchain’s maximum number of transactions per second (

) without sacrificing concerns like security and ease of development for Layer 2 decentralized applications (

It's important to note that the Ethereum Dencun Upgrade isn’t merely a software update, but rather a significant milestone for Ethereum. In a nutshell, Dencun aims to improve the network's 

 and security, and to lower transaction fees — which could attract more users to the network. According to 

 of the Ethereum Foundation, October 2023 was a feasible goal for Dencun's activation. However, the upgrade was later 

, a possibility that had been discussed by core developers. The launch for the Ethereum Dencun Upgrade will likely be in the first quarter of 2024, and will include the following EIPs:

If you would like to check the progress of the update, you can do so 

Proto-Danksharding & Blob Carrying Transactions

As a new transaction format that’s introduced by 

, a binary large object (BLOB) refers to large data packets integrated into Ethereum’s network to boost overall transaction throughput. These “blobs” consist of additional information temporarily stored on the Ethereum consensus layer, which facilitates a more cost-effective and affordable solution for reducing overall gas fees.

Blob-carrying transactions essentially allow a transaction sender to attach a large chunk of data, akin to how large files are attached to emails prior to sending them. This ultimately frees up more space for transaction data on 

 protocols, which will make transactions more affordable in the long run as it reduces the fees for posting data to Ethereum.

What Is the Deneb Upgrade, and How Does It Differ From the Cancun Upgrade?

If you’re just getting started within the Ethereum ecosystem, you may be curious about the term "Cancun" being thrown around by some crypto enthusiasts. Essentially, this is a reference to the upcoming Ethereum network upgrade, which will involve updates to both the 

. The Cancun Upgrade specifically pertains to the update of the Ethereum execution layer, while the Deneb Upgrade focuses on the network’s consensus layer. 

These upgrades will be taking place simultaneously, so there's no need to worry about any potential delays in the execution of either one. It's worth noting that both updates are being implemented to improve the overall efficiency and security of the Ethereum network, which is exciting news for anyone involved in the Ethereum ecosystem. Whether you're a seasoned user or just starting out, this upgrade is definitely something to watch for.

 will be implemented primarily to provide data availability support for the highly awaited EIP-4844, known as Proto-Danksharding. That aside, Deneb will also include the following EIPs:

Why Is Everyone Talking About the Ethereum Dencun Upgrade?

Like The Merge, the Ethereum Dencun Upgrade represents yet another step in the right direction for the Ethereum Foundation and its core developers as they strive to complete the 

 portion of their road map. The execution of Dencun for the Ethereum blockchain marks the first significant step toward overall project progress, since Proto-Danksharding is a key EIP that must be executed to enhance transaction throughput. 

This has once again sparked interest in the long-term value of investing in Ethereum. It continues to become the most widely adopted smart contract platform to deliver on fulfilling the promises of its road map. With Dencun being imminent, interest is peaking in the potential upcoming volatility to come from the execution of this major network upgrade.

The Ethereum Dencun Upgrade has already gone live on the Goerli and Holesky testnets and the Sepolia testnet faucet, and users are anticipating its mainnet launch.

What Does the Ethereum Dencun Upgrade Aim to Achieve?

From scalability to better security, here are some of the most talked-about improvements to come with the Ethereum Dencun Upgrade.

The temporary storage and retrieval of off-chain data via Ethereum nodes will resolve the key issue of scalability for the Ethereum blockchain. Proto-Danksharding will significantly increase transaction throughput, which can improve the overall user experience as transactions are processed at a greater rate without fear of congestion or being bogged down by traffic demands. 

The introduction of Proto-Danksharding and related EIPs is expected to address the issue of high gas fees on the Ethereum network. By optimizing transaction processing and reducing the burden on network resources, the upgrade may lead to transaction costs as low as a fraction of a cent. This remarkable fee reduction would be particularly beneficial for investors who frequently engage with the Ethereum ecosystem and its related DApps. From 

, this could lead to even greater adoption of the Ethereum network in the future.

The Dencun Upgrade also incorporates various improvements and bug fixes, enhancing the overall security and stability of the Ethereum network. For ETH investors, this will mean a more robust ecosystem with reduced vulnerability to potential attacks or network disruptions. By satisfying a critical area of the 

, crypto enthusiasts and newcomers who invest based on a network’s security and stability may have more confidence in investing in ETH for the long haul.

The Impact of the Ethereum Dencun Upgrade on ETH Prices

Taking into account the Ethereum Foundation’s solid track record of executing network upgrades, the Ethereum Dencun Upgrade sounds like nothing but good news for 

 and long-term investors. This is because implementing the numerous EIPs will help strengthen Ethereum’s core fundamentals and facilitate mass adoption once interest builds again in crypto during a bull run.

Conversely, this might also be a case of “buy the rumor, sell the news,” whereby ETH traders and speculators may decide to sell off their ETH holdings or short-sell ETH once the Dencun Upgrade is completed. This is intended to take advantage of retail investors and traders buying up ETH on the basis of 

Keen to learn how you can profit from the near-term volatility caused by the Ethereum Dencun Upgrade? Read on as we cover our 

 takes on how ETH prices might move post-Dencun update.

Ways to Profit from the Ethereum Dencun Upgrade

Here are our thoughts on how to trade ETH in the event of pronounced Ether price volatility. All of our outlooks will be based on the ETH chart displayed below, and represent possible scenarios in which ETH prices could fluctuate.

Understanding how to identify strong support levels for purchasing during dips can significantly enhance your trading success. 

As we analyze the price chart, it's clear that Ethereum has experienced significant volatility with a pattern of peaks and valleys. Notably, there seems to be a consolidation phase above the $2,200 level, which might be interpreted as a support zone. This area could be significant for traders who follow the strategy of 

, hypothesizing that the price is more likely to rebound from these levels.

With the Ethereum Dencun Upgrade approaching, market participants may be closely watching the $2,200 level. Upgrades like Dencun often bring heightened attention, and can influence investor sentiment. If the upgrade is expected to have a positive impact on Ethereum's network efficiency and overall value, we might observe its price stabilizing or increasing as the event draws closer.

Ether could potentially hover around this price range, as investors may view the upgrade as a catalyst for future value appreciation. It's common for prices to consolidate before such events as investors take a “wait-and-see” approach. This period of consolidation may represent a form of equilibrium in which the market is balancing optimism about the upgrade's potential benefits against the inherent risks and uncertainties.

FOMO is a powerful driving factor in the crypto space — and this could certainly be the case with the essential Dencun network upgrade. Thanks to FOMO, traders might jump on the ETH bandwagon if the upgrade proceeds without a hitch. To take advantage of this FOMO-induced ETH rally, it might make sense to build a trading plan around a stop market leveraged long order and buy the 

 would want to see ETH prices retest the bottom of the ascending channel at around $2,200. If ETH can break through this price barrier, we might see its price surge toward the $2,700 to $2,800 range.

While the long-term prospects of the upcoming Ethereum Dencun Upgrade might sound bullish on a fundamental level, there are still a host of other factors that could cause ETH prices to decline in the short term. Some of these negative catalysts include:

Any negative crypto news might cause a breakthrough of Ether’s existing area of support and result in ETH prices heading toward $2,000. If you have a bearish outlook on Ethereum and ETH prices, it would be ideal to build a trading plan around a stop market leveraged short order by buying the leveraged Perpetual token pair 

If you're interested in trading Ethereum and making a profit off of the Ethereum Dencun Upgrade, then you might want to read our guide on how to get started with trading ETH. 

. From there, you can locate ETH3L pairs if you're bullish, or ETH3S pairs if you're bearish. 

Once you're in the trading interface, it's important to change your order type to 

. This type of market order can help you maximize short-term gains while limiting your maximum loss, thanks to the 

 in place. (For trading beginners, the stop-loss feature keeps your losses fixed, according to your risk tolerance, so you can trade with greater confidence.)

Before inputting your price levels, it's crucial to check for 

, which can be useful when placing your price levels. However, keep in mind that the strength of these levels can vary based on your personal risk appetite.

Assuming you’ve funded your account, you can proceed to input the fields present in your ETH3L or ETH3S leveraged token stop market order. Once you’ve inputted all the necessary information, submit the order to place your trades. With these tips in mind, you should be able to get started with trading ETH on Bybit and potentially profit from the Ethereum Dencun Upgrade.

: Calculated as (Entry − Exit before rebalancing)

: Calculated as (Exit − Entry + Volatility Decay + Fees)

Keen on reading more about strategies for trading with Spot and Derivative products on Bybit? Check out our guide on 

Other Ways to Profit from the Ethereum Dencun Upgrade With Bybit

Exploring other ways to profit from the Ethereum Dencun Upgrade? Look no further! Bybit is running a total of 

 for you, with a total prize pool of 415,000 USDT to maximize your gains.

In preparation for the Dencun Upgrade originally planned for October 2023, Bybit hosted two events. If you didn't get a chance to participate in these events, continue reading to discover the upcoming Ethereum Dencun Upgrade events we have lined up!

Learn to Earn From the 5,000 USDT Prize Pool

The first event took place two weeks before the initially-planned Dencun Upgrade, as users could show off their knowledge of the upgrade to earn a share of the 5,000 USDT prize pool!

Take part in the Learn to Earn campaign’s quiz, and get all the answers correct to be eligible for rewards. The first 600 new users to get all answers correct received 5 USDT each, while the first 500 existing users to get all the answers correct, received 4 USDT.

The second event is known as the Cancun Supreme Scorer 2023. It took place from Sep 25, 2023, 10AM UTC through Oct 13, 2023, 10AM UTC.

To take part in this event, users were required to follow the rules below:

If they wanted to boost their points, they could do so as follows:

The grand prize pool stands at 80,000 USDT, split as follows:

The Point Ranking Prize Pool is broken down as follows:

The Prediction Ranking Prize Pool is broken down as follows:

Stay tuned for the following six events, which will provide you with even more opportunities to earn with Bybit! Check out 

Deposit and Earn from the 30,000 USDT Prize Pool — New Users Exclusive

The Deposit and Earn event is being held exclusively for new users. To participate, simply complete the following steps:

Once you’ve completed the above steps, you’ll receive 20 USDT. Please 

 that rewards will be distributed on a first-come, first-served basis.

Trade to Earn From the 60,000 USDT Prize Pool

Dive into the Trade to Earn event to unlock rewards worth 60,000 USDT! This event is only applicable to the following token pairs:

 Engage in Trading and Grab a Share of 50,000 USDT

To stake your claim in this reward pool, engage in trades involving any of the qualifying tokens. Ensure your Spot trading volume crosses the threshold of 100 USDT during the promotional phase. Remember, the more active you are, the heftier your rewards.

Participants can equally divide the 10,000 USDT reward by accomplishing the following during the event:

When setting up bots, users are restricted to investments in USDT only

Trade Derivatives and Invite Friends to Earn

The third event enables you to trade derivatives and invite friends to earn a share of the 150,000 USDT prize pool. In fact, you can win up to 2 ETH! 

Stake to Earn From the 40,000 USDT Prize Pool

The next Earn event allows users to unlock rewards worth a total of 40,000 USDT.

Ethereum Dencun Upgrade: The Impact on ETH Prices

Compete for 2,500 USDT USDT Every Week

Ethereum Dencun Upgrade: The Impact on ETH Prices

Grab Up to 5,000 USDT in Rewards

Compete for 2,500 USDT USDT Every Week

Grab Up to 5,000 USDT in Rewards