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Bybit Lets Traders Use BYUSDT as Margin for Stock, Gold CFDs
Bybit now accepts BYUSDT as margin for CFD trading across forex, gold, oil, and 380+ stock CFDs. A limited rewards program offers up to 20x APR multipliers through July 2026.
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Bybit has started accepting its yield-bearing token BYUSDT as margin collateral on the exchange's TradFi contracts-for-difference (CFD) platform. The change means a trader can keep earning yield on BYUSDT holdings while using the same funds to open CFD positions across forex, gold, crude oil, global indices, and stock CFDs.
Until now, only USDT was accepted as margin for TradFi trading on Bybit. BYUSDT is issued on a 1:1 ratio against USDT deposited into Bybit's Flexible Easy Earn product. The token is designed to generate yield without requiring active management from the holder. It can be traded only on Bybit.
The exchange said it already offers over 380 stock CFDs on the TradFi platform, with no trading commissions or overnight fees on those products.
Bybit has also launched a limited-time rewards program running through July 31, 2026, with a total prize pool of 150,000 USDT in APR bonuses. New TradFi users qualify for bonuses after completing their first trade within five days of activation. The top reward is a 20x APR multiplier, calculated on daily net trading volume. Existing users can earn higher APR tiers based on the previous day's trading volume. Stock CFD trades carry four times the weighting, meaning traders can reach higher bonus tiers with smaller volumes.
Users can convert USDT to BYUSDT inside the platform and then post the tokens as collateral. The eligibility criteria require both BYUSDT and Bybit TradFi accounts. Regional restrictions and platform conditions apply.
The move follows a pattern among exchanges that issue their own yield-bearing tokens: expanding the token's utility beyond passive holding into active trading collateral. For Bybit, the goal is to keep user funds inside its ecosystem rather than flowing to external DeFi protocols for yield. Whether traders will treat BYUSDT as a genuine margin asset or just a yield wrapper around USDT depends on how the token behaves under stress – specifically, whether its peg holds during a sharp drawdown in CFD positions.