.Bybit_Official introduces $STETH to Unified Trading Account, enables margin trading ByBit Shapella Ethereum
Then, immediately upon minting, Staked Ether can be used as collateral in Unified Trading Account , an out-of-the-box trading module for Bybit users.
As such, Bybit is aiming to be the first cryptocurrency exchange to allow its traders to leverage Staked Ether in margin trading. This makes liquidity usage on the platform more resource-efficient. Ben Zhou, co-founder and CEO at Bybit, is excited by the opportunities this integration unlocks for all traders and ETH stakers on the platform:
We are excited to offer a new way for our users to make the most from their ETH investments. By combining two powerful features — ETH staking and UTA — into one product, we are creating an entirely new experience, which allows our users to enjoy capital efficiency and trade without missing out on the opportunity to earn yield.by U.Today previously, Bybit's UTA is among the most notable accomplishments in the CEX segment in Q1, 2023.
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