Last updated on December 4th, 2024 at 02:42 pm
Bybit is making strides in the Brazilian market by introducing the physical Bybit Card. Brazilian users can now pre-register for the card and enjoy free issuance for a limited time.
The launch follows the success of the virtual Bybit Card, which has been available since September 2024 and currently serves over 28,000 users in Brazil. Bybit’s move into the physical card space is designed to provide a seamless way for crypto users to spend globally, offering a much-needed solution as crypto adoption continues to rise in Brazil.
To gain early access, users must apply for a virtual card, get approval, and pre-register for the physical card. Those who apply during the pre-registration phase will receive the physical card free of charge. In addition, new users who deposit 100 USDT and use the card before the end of 2024 will receive a 150 BRL reward.
In addition, Bybit celebrated its 6th anniversary by launching the bbSOL virtual card, which introduces a gamified experience and exclusive rewards for Bybit Card holders. The bbSOL card allows users to engage with the Solana ecosystem, unlocking perks and gaming points. This expansion into the Solana network has broadened the rewards available to Bybit users, creating more financial engagement and growth opportunities.
Joan Han, Sales and Marketing Director of Bybit, emphasized that the launch is part of the company’s commitment to providing accessible financial solutions, noting Brazil’s growing demand for crypto assets. Bybit aims to simplify crypto spending for users, both in daily purchases and international travel.
Notably, Bybit has significantly increased its market share in the cryptocurrency exchange market, rising from seventh place with 3.2% last year to second place with 8.51%. This growth occurs as larger competitors like Binance experience a decline, with Binance’s spot trading volume dropping from 52.5% in October 2023 to 39.5% in October 2024.
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