Crypto exchange Bybit is set to bridge the gap between digital and traditional markets with a new feature allowing users to directly trade major global stocks using the Tether (USDT) stablecoin. The initiative, announced Monday, is part of Bybit’s Gold & Forex product suite and aims to offer a seamless experience for those operating within the crypto ecosystem.
With the new offering, traders will be able to invest in high-profile companies such as Meta Platforms (NASDAQ:META), Apple (NASDAQ:AAPL), Tesla (NASDAQ:TSLA), Nvidia (NASDAQ:NVDA), and Amazon (NASDAQ:AMZN) — all without converting funds to fiat currency or exiting the digital asset environment.
“Bybit users can now access traditional assets like equities, gold, oil, indices, and forex without fiat onboarding,” the company said, emphasizing that the service brings diverse markets together under a single platform and account structure.
The move enhances flexibility for crypto users, who often rely on stablecoins like Tether to shift funds across assets or exchange them into cash. Tether, which pegs its value to the U.S. dollar, claims to maintain full reserves for every token in circulation. As of the latest data, over $140 billion in USDT has been issued.
To encourage adoption, Bybit is offering a limited-time promotion: a 50% fee discount on stock trades made through its Gold & Forex platform between June 2 and June 15.
Bybit, which serves over 70 million users across more than 160 regions, began as a crypto derivatives platform and has since expanded into spot trading and other financial products. Its 24-hour trading volume recently surpassed $40 billion, highlighting its growing presence in the digital asset space.
Earlier this year, the exchange faced scrutiny after a $1.5 billion crypto theft targeting an offline “cold wallet” used for storing ether. CEO Ben Zhou assured clients at the time that no user funds were affected and operations continued uninterrupted. Bybit later confirmed it remained financially sound and fully capable of absorbing any associated losses.