Bybit launches wealth management product

Bybit, a crypto exchange, has launched a new wealth management solution for experienced users, according to a press release shared with crypto.news on Aug.8.

Bybit’s wealth management feature

The product aims to provide tailored solutions for users to minimize risk, maximize returns, and ensure consistent profits in the volatile crypto market.

The tool uses the latest risk management strategies to provide relative consistency and present users with appropriate financial products based on their investment goals and risk tolerance levels. 

Bybit said the feature will be rolled out in two stages. Fund Pool will be launched in phase one, giving users access to various assets and industry experts. Meanwhile, structured products will be released in the fine phase, allowing clients to fully explore the crypto investment space. 

Ben Zhou, the co-founder and CEO of Bybit, said:

 “We are thrilled to introduce Bybit’s Wealth Management, a product that embodies sophistication and prudence in the crypto investment. With tailored options, stable returns, and low-risk strategies, our Wealth Management product offers seamless access to the exponential opportunities in the crypto market.”

Security and protection of user funds

The main focus of this solution is to protect and simultaneously grow user funds. Therefore, the service implements a low-risk management strategy for security and sustainable growth. 

According to Bybit, the product, combined with its unified trading account feature, hosts various assets and tools available for all users.

Meanwhile, their VIP system is accessible to individuals and institutional users with high net worth.

Additionally, the platform offers institutional options for potential partnerships, inviting industry players to explore collaborations that develop the crypto investment space. 

Earlier, Bybit released a peer-to-peer (P2P) trading service for its clients.

The service, executed via Bybit Web3, aims to empower users to buy USDT, a stablecoin, with over 62 fiat currencies through an escrow system. All USDT acquired will be stored in Bybit’s wallet.

The exchange plans to add support for other crypto assets in the future.