Bybit, a leading cryptocurrency exchange, collaborates with Uquid for a flash cashback event from April 25 to May 15, 2025, offering up to 50% cashback on purchases.
This partnership seeks to enhance cryptocurrency payment utility and advance Web3 commerce adoption through attractive consumer incentives, yet market reactions remain measured without significant price changes.
Bybit and Uquid Launch 50% Cashback Event
Bybit has launched a new cashback event in partnership with Uquid, offering users up to 50% cashback. The event, running until May 15, 2025, aims to enhance crypto payments utility.
Ben Zhou, CEO of Bybit, and Tran Hung, CEO of Uquid, both express strong commitment to integrating crypto into daily life. No direct CEO quotes on this event have yet been published.
User-Centric Focus Shifts Market Dynamics
The event focuses on rewarding users rather than institutional funding. No notable regulatory updates have been issued, and major public figures have not commented on the event as of the latest reports.
Historical cashback events from Bybit have not led to significant crypto price shifts. Current price movements, including Uquid Coin’s minor drop, reflect typical market reactions to promo events, without visible market upheaval.
Record-High Cashback Offer Influences User Activity
Bybit’s past cashback campaigns capped at 10%, making this 50% offer unprecedented in scale. Historically, such events have only modestly affected transaction volumes and market prices.
Kanalcoin indicates that while similar promotions often lead to increased user activity, they rarely cause enduring price effects on major cryptos such as ETH and BTC, according to historical data.
“At Bybit, we aim to empower users with greater choice and flexibility in their financial journey, bridging the gap between crypto and daily life.” – Ben Zhou, Co-Founder & CEO, Bybit
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