Bybit launches 50,000 XUSD reward pool for fiat USD deposits
Cryptocurrency exchange Bybit has rolled out a new promotion aimed at strengthening fiat on-ramp adoption.
The company announced that users who deposit U.S. dollars through StraitsX (SWIFT) can share in a 50,000 XUSD prize pool, marking another effort by the exchange to make fiat-to-crypto transactions seamless and rewarding.
How the promotion works
The campaign offers a direct incentive for deposits over $1,000. Eligible users will receive a 25 XUSD airdrop—credited directly to their Bybit account—as part of the overall reward pool. Bybit emphasized that deposits made via StraitsX convert USD to XUSD at a 1:1 ratio, ensuring transparency and flexibility for traders looking to move quickly between fiat and digital assets.
Participants must:
1. Register an account
2. Verify it
3. Deposit 1,000 USD or more via StraitsX (SWIFT), confirm the transfer through the “Fiat Deposit” page.
Bybit noted that the process is designed to be fast and secure, catering to both retail and institutional clients seeking efficient on-ramp solutions.
Bybit’s strategy and market context
The promotion reflects Bybit’s broader strategy of building bridges between traditional finance and digital asset markets. With regulatory scrutiny growing globally, exchanges have increasingly sought ways to enhance fiat accessibility, encouraging greater user trust and participation.
For Bybit, this comes on the heels of several product launches in its TradFi and DeFi divisions, positioning the platform as a versatile gateway for investors exploring both crypto-native and traditional financial assets. The XUSD promotion is also part of Bybit’s competitive push to expand its customer base at a time when rivals are offering similar fiat deposit bonuses.
It was earlier reported that Bybit launches HotSpot Avantis event with 40,000 AVNT in rewards.
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