What's Happening?
Bybit, the world's second-largest cryptocurrency exchange by trading volume, has announced a new offer for its Bybit Card and Bybit Pay users. The initiative provides extra cashback in Mantle (MNT) and waives conversion fees for eligible users until October 22, 2025. Participants can earn up to 25% in rewards value and share in 50,000 USDT worth of rewards in MNT. The offer is part of the Mantle x Bybit Roadmap, aimed at enhancing the value for retail customers within the Bybit ecosystem. Users can participate by applying for a Bybit Card, selecting MNT as their default cashback token, and spending with Bybit Card or Bybit Pay.
Why It's Important?
This development is significant as it highlights Bybit's commitment to providing value to its diverse community of crypto users. Bybit's partnership with Mantle leverages Ethereum Layer-2 technology, offering reduced gas fees and enhanced scalability. The initiative supports the growing adoption of MNT across DeFi, GameFi, and Real World Assets, bridging traditional finance with decentralized infrastructure. The offer could attract more users to Bybit's platform, enhancing its market position and driving further adoption of MNT.
What's Next?
Eligible users have until October 22, 2025, to take advantage of the offer. As MNT continues to expand its use cases, Bybit may introduce more incentives to encourage spending and integration with its payment solutions. The success of this initiative could lead to further collaborations between Bybit and other blockchain protocols, enhancing the ecosystem's robustness and innovation.
Beyond the Headlines
The integration of MNT with Bybit showcases the potential for cryptocurrencies to bridge the gap between traditional finance and decentralized systems. This move could influence other exchanges to adopt similar strategies, promoting wider acceptance and use of cryptocurrencies in everyday transactions.
