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

Options

Bybit Unified Trading’s Portfolio Margin function allows traders to use less margin to trade with enhanced capital efficiency especially for Options trading. Learn how it works. 

Options trading is famous for its versatility with leverage trading and hedging and for speculative purposes. Using Bybit Portfolio Margin for options trading elevates the trading process by streamlining one's assets in a single account, mitigating risk and improving overall returns. It enables portfolio diversification across multiple markets and asset classes, creating a more complex trading scene. We've put together a few strategies to help you trade more effectively with Bybit Portfolio Margin in different scenarios. Let's dive right into it. 

 (UTA), aims to help traders optimize the margin requirements of a portfolio. This function applies to USDC Derivatives accounts, where the long and short positions help across the perpetual and options contracts can be netted against one another. 

Whenever a user activates Portfolio Margin mode, it rebalances the margin requirements based on the overall portfolio risks, rather than the individual positions. The system will reduce the margin requirements according to state-of-the-art algorithms and hedging techniques. For example, suppose you're using it on USDC Derivatives accounts, in which the long and short positions are held across the perpetual and options contracts. In that case, these positions will be netted against one another. 

Crypto options and traditional crypto trading offer traders an opportunity to maximize profits using different trading strategies. However, options trading offers several distinct advantages from traditional trading products. The following are some examples.

For traders looking to manage risk and capitalize on market movement, options are a popular investment strategy. Crypto options, for example, are contracts that allow the trader to buy or sell an asset at a specified price within a given time frame or by a specific expiration date. 

Suppose the option expires in-the-money (

). In that case, the trader's account will receive a credit or debit based on the cash difference between the strike price and the settlement price, without requiring them to actually buy or sell the underlying asset.

Options provide a gateway for retail traders to get started in crypto trading with minimal capital. When trading options, you’re buying a contract with a minimal entry price at a calculated risk to gain access to a large number of underlying assets. With leverage, options traders can multiply their buying power with minimal invested capital. In other words, the trader is leveraging the value of the underlying security for a maximum return on investment. 

Best Options Trading Strategies Using Portfolio Margin

While crypto prices are typically assumed to be priced as efficiently as possible due to the efficient market hypothesis and price discovery environment, sometimes pricing inefficiencies will still exist due to a lack of liquidity or sudden move in the market. That’s where the spot perpetual arbitrage strategy comes in. By taking into account the differences in pricing between USDT and USDC pairs for the same crypto asset, risk-free profits can be secured when traders simultaneously execute trades to correct this pricing discrepancy in the crypto market. This effectively works as a form of 

 and takes advantage of the pricing discrepancies that might be present between both USDT and USDC pairs for the same crypto asset.

For further clarity, let’s illustrate this with a hypothetical scenario.

A brief example would be a trader noticing a pricing discrepancy between the USDT and USDC pairs for Bitcoin and deciding to make an arbitrage trade based on the spot price of BTC. Let’s go with the current example of BTC’s spot price being $30,000. On the spot pair side of things, BTCUSDT is currently $30,020 and BTCUSDC is currently $30,027. 

To initiate the trade, traders can begin by purchasing 1 BTC for 30,020 USDT. Then, they can close the trade by instantly closing the position and selling that 1 BTC for 30,027 USDC. This nets arbitrage traders a $7 in profit, assuming both USDC and USDT have a notional value of $1.

By making use of Bybit’s UTA, traders can make use of UTA-PM mode to increase their profits by 10x (assuming 10x leverage for spot pairs) and enhance their existing capital efficiency.

Traders can opt to use the bull spread approach to buy and sell call options on the same asset with different strike prices if they have a bullish outlook on the underlying crypto asset. 

The concept is relatively simple and involves capitalizing on the price movement by buying a call option with a lower strike price, then selling a call option with a higher strike price to earn the differences in the form of a spread. Whenever the asset price rises, the purchased call option will increase while the value of the sold call option will decrease, which results in a net gain. 

Trader A has a bullish perception on the price of BTC and chooses to open a bullish option strategy. Also, Trader A thinks that the volatility curve is too steep in BTC's options that are further out in expiry, and the implied volatility of out-of-the-money (OTM) options is overestimated compared with that of at-the-money (ATM) options. Therefore, Trader A  buys ATM options and sells OTM options for BTC. 

Suppose the current BTC price is $30,000. Trader A then buys the 30500c BTC call contract with an expiration date of 36 days and sells the 33500c BTC call contract with the same expiration date. This grants Trader A net positive delta of about $0.27 and a net debit in option premiums of about $965. In other words, this translates to $0.27 in profit with every dollar increase in BTC and Trader A spending $965 for a single bull call spread. 

Thanks to the use of UTA-PM and UTA-RM modes, overall capital efficiency is improved as the existing assets within the portfolio are consolidated and traders can avoid liquidation because of the lack of risk amplification from a single loss.

Short Strangle Strategy With Short Expiration Dates

Traders use this strategy to write both call and 

 simultaneously with the same expiration date but with a different strike price to profit from the premium after selling these options contracts.

In our hypothetical scenario, this involves Trader A selling an out-of-the-money call option and  an out-of-the-money put option with a short-term expiration date. Traders profit from the premiums when selling the options whenever the strike prices for the two options remain within the range of the strike prices of the options contracts written 

For example, Trader A trades BTC options and sells a call option with a strike price of 33500 and a put option with a strike price of 29500 while BTC is trading at $30,000. If BTC trades within the range of $29,500 to $33,500, then Trader A profits as the out-of-the-money option contracts expire worthless while getting to keep the profits collected from when the option contracts were written.  

: As writing naked crypto option contracts are considered risky, the margin demands involved with executing such an options strategy will be high. With UTA-PM, traders can write the call and put contracts without fear of liquidation because of the lowered margin requirements.

A combination of options trading strategies is widely used to help maximize and hedge against potential risks associated with the various types of options contracts. The use of portfolio margin can increase a user's capital efficiency with a lower margin involved. Still, options strategies are relatively complex for beginners, as they involve many other factors that may trigger a counter effect. Therefore, invest in options only if you’re confident with the fundamentals.

Top Options Trading Strategies to Use With Bybit Portfolio Margin

Compete for 2,500 USDT USDT Every Week

Top Options Trading Strategies to Use With Bybit Portfolio Margin

Grab Up to 5,000 USDT in Rewards

Compete for 2,500 USDT USDT Every Week

Grab Up to 5,000 USDT in Rewards