Bybit Adds Fixed‑Rate UTA Loans — Up to 10x Leverage and 180‑Day Terms

Published: 2026-02-28 08:23:14 |

Bybit has launched fixed-rate borrowing within its Unified Trading Account (UTA) Loan product, now offering up to 10x leverage and fixed tenors of up to 180 days. Effective Feb. 28, 2026, fixed-rate loans are available via Manual Borrow in UTA (Assets → Unified Trading Account → Borrow). The UTA consolidates spot, derivatives and borrowing under one account with shared collateral and integrated margin. Previously UTA loans were floating-rate and hourly interest with no set maturities; the new option lets users lock both interest rate and maturity in advance for longer-term, predictable financing. Borrowing quotas are reserved for the selected term once approved, and users can re-borrow within the original loan period after early repayment without extending the maturity. The change enables traders to deploy leveraged strategies with clearer cost visibility and longer horizons — a relatively uncommon integrated structure in crypto markets where fixed-rate loans are usually short-dated or separate from leveraged frameworks. Bybit is the world’s second-largest exchange by trading volume and serves over 80 million users.

Neutral

This product update is primarily a service-level change that expands financing options and capital efficiency for leveraged traders rather than an event that by itself changes fundamentals of crypto assets. Fixed-rate UTA loans provide clearer cost certainty and enable longer-horizon leveraged strategies, which can encourage more structured margin activity and potentially increase leveraged volume on Bybit. That could raise short-term trading demand for specific assets used as collateral or for leveraged spot trades, but the effect is likely incremental and exchange-specific rather than market-wide. Similar past platform-level product launches (longer-dated margin or fixed-rate loan offerings) have increased platform trading flow without materially altering macro price trends. Risks include higher margin usage and liquidation cascades in sharp downturns, which could amplify volatility locally on the exchange. Overall, expect modest increase in leveraged activity and liquidity on Bybit (positive for volumes) but no clear directional pressure on broad market prices absent concurrent macro/news catalysts.