Capital Rate of USDC-USDT Perpetual Contract Transaction Rises to 0.3567% on Bybit Platform

03/11/2023 07:41 • Tech Ticker • 135 views

On March 11, according to Coinglas data, the capital rate of USDC-USDT perpetual contract transaction on the Bybit platform has risen to 0.3567%.

Bybit platform USDC-USDT perpetual contract transaction to capital rate rose to 0.3567%

Analysis based on this information:

Coinglas data on March 11 revealed that the capital rate of USDC-USDT perpetual contract transaction on the Bybit platform has increased to 0.3567%, which is a significant rise from previous levels. This development is noteworthy for several reasons.

First, it underscores the growing popularity of USDC and USDT as cryptocurrencies. These two digital assets are widely used as stablecoins or cryptocurrencies that are pegged to the value of traditional, fiat currencies such as the U.S. dollar. USDC and USDT are known for their stability, liquidity, and scalability, making them attractive to both individuals and institutions.

Second, the rise in the capital rate of perpetual contract transaction suggests that more traders and investors are using Bybit as their preferred platform for trading cryptocurrencies. Bybit is a reputable and secure platform that offers a wide range of trading tools, resources, and services to its users. It has gained a solid reputation within the cryptocurrency community and attracted a large user base in recent years.

Third, the rise in the capital rate of USDC-USDT perpetual contract transaction on Bybit may indicate a bullish sentiment among traders and investors towards these two cryptocurrencies. As the value of cryptocurrencies such as Bitcoin and Ethereum has been fluctuating in recent months, many investors are turning to stablecoins such as USDC and USDT as a way to protect their investments from market volatility.

Overall, the increase in the capital rate of USDC-USDT perpetual contract transaction on the Bybit platform is a positive development for the cryptocurrency market. It suggests that stablecoins are becoming more popular and that investors are finding reliable and secure platforms such as Bybit to trade these cryptocurrencies. As the crypto market continues to evolve, it is likely that we will see more developments and innovations in this space in the coming years.

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