
Bybit Adds Limit Order Functionality to Convert for Greater Trading Precision
Dubai, UAE, June 11th, 2025, Chainwire
Bybit, the world's second-largest cryptocurrency exchange by trading volume, has enhanced its Convert tool by introducing Limit Order functionality. This update offers users greater control over crypto asset conversions — with zero trading fees maintained.
Unlike Instant Orders, which execute immediately at the market conversion price, Limit Orders allow users to set a target conversion price. The transaction only executes once the conversion price is met or exceeded.
Key features of Limit Orders on Bybit Convert include:
Price Control: Users can set a preferred conversion rate and wait for favorable market conditions.
Zero Fees: Limit Orders, like Instant Orders, incur no trading fees.
Order Validity: Orders remain active for up to 30 days, with funds securely locked until execution or expiration.
User Management: Orders can be tracked or cancelled anytime via the Conversion History tab.
Quotes displayed on the Convert page reflect real-time exchange rates, independent from Bybit Spot market prices. The accompanying chart is for reference only and does not represent historical Convert rates.
This latest feature continues Bybit's mission to provide accessible, high-performance tools for both novice and experienced traders.
More information is available here.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world's second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open, and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
Contact
Head of PR
Tony Au
Bybit

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
2 hours ago
- Yahoo
Botanix Labs challenges Ethereum to cement Bitcoin as finance hub
Botanix Labs challenges Ethereum to cement Bitcoin as finance hub originally appeared on TheStreet. In an interview with TheStreet Roundtable, Alisia Painter, co-founder of Botanix Labs, outlined a plan to migrate decentralized finance from Ethereum onto Bitcoin — rebuilding Bitcoin's full financial stack on-chain to support its evolution from peer-to-peer cash to a global reserve asset. Painter noted that most DeFi today lives on Ethereum, yet Bitcoin holders have long lacked comparable on-chain options. 'Everything that we see in TradFi, we need to bring on-chain and we need to bring it to Bitcoin,' she said — framing Botanix's mission as a direct challenge to Ethereum's supremacy. She explained that institutions and everyday investors are eager both to hold and to earn yield on Bitcoin. 'They do not want to sell their Bitcoin,' Painter said — highlighting demand for collateralized lending and yield products native to Bitcoin rather than wrapped versions on other chains. Botanix's day-one offerings will include lending protocols comparable to Ethereum's largest platforms. 'You'll be able to use a lending protocol such as Dolomite, such as Aave in a few months, which are some of the largest lending protocols in Ethereum,' Painter said — enabling users to use their Bitcoin as collateral to borrow, effectively using Bitcoin as money. By contrast, current Bitcoin loans often rely on centralized exchanges or cross-chain bridges that introduce custodial or technical risk. Botanix's fully on-chain approach aims to keep all activity secure and aligned with Bitcoin's principles. Painter coined the term 'real Bitcoin yield' to describe returns generated entirely on Bitcoin's network. 'Whenever you bridge to another cryptocurrency, there is some risk,' she said — referring to the hacks and exploits that plague cross-chain bridges. Botanix's yield mechanism is based on transaction activity within its Bitcoin-native ecosystem. Users will stake Bitcoin directly and earn passive yield, paid in Bitcoin, without ever leaving the chain. Painter argued that most Bitcoin gains to date have come solely from price appreciation, asking, 'Why doesn't Bitcoin actually earn yield?' Painter says that by offering native on-chain lending and yield services, Botanix can draw DeFi users from Ethereum — solidifying Bitcoin's status as the main hub of decentralized finance. Botanix Labs challenges Ethereum to cement Bitcoin as finance hub first appeared on TheStreet on Jun 12, 2025 This story was originally reported by TheStreet on Jun 12, 2025, where it first appeared.


Business Insider
5 hours ago
- Business Insider
David Kinitsky Joins Everstake as CEO to Drive Institutional Growth, Investment and Global Expansion
Miami, FL, June 12th, 2025, Chainwire Everstake, a leading global non-custodial staking provider serving both retail and institutional clients, has announced the appointment of David Kinitsky as Chief Executive Officer. David Kinitsky succeeds Sergii Vasylchuk, who founded Everstake in 2018 and will now transition to the role of its President. This leadership change marks a strategic milestone as Everstake accelerates its expansion into institutional and broader global markets. David Kinitsky brings deep experience in crypto and financial innovation, having held leadership roles at several of the industry's most influential companies. He was the founding General Manager of Grayscale Investments, now one of the world's largest digital asset managers, and previously led operations for SecondMarket, the private market platform later acquired by NASDAQ. He also held executive roles at Fidelity Investments, Circle, and Kraken, where he served as CEO of Kraken Financial Bank, the first crypto firm to receive a U.S. banking charter. These roles underscore his deep familiarity with building innovative businesses and investment products, while navigating emerging regulatory frameworks in both traditional finance and digital asset markets. 'David brings a rare combination of creativity, deep institutional experience, and a strong values-first mindset. We spent a long time searching for someone who not only shares the core of the blockchain industry but also knows how to navigate regulated environments at scale,' said Sergii Vasylchuk. 'Everstake was built in 'cockroach mode'—under the pressure of regulatory uncertainty, in a world full of skepticism about Web3, and without a dollar of outside funding. I took it from zero to one. Now, as institutional adoption grows and the rules of the game become clearer, I'm proud to hand this company over to a true professional who shares our ethos and has the experience to take Everstake from one to one hundred.' 'With a track record of profitability and technical excellence, Everstake has already established itself as a premier staking and network service provider,' said David Kinitsky. 'As staking becomes central to institutional crypto strategy and an investable asset in its own right, now we're taking Everstake to the next level: reinvesting in the core staking business, scaling to meet institutional demand, and thoughtfully expanding into adjacent opportunities across infrastructure, data, and financial products.' Over the years, Everstake has supported more than 85 blockchain networks, onboarded over 735,000 users into staking, and secured $6.5 billion in delegated assets–all without compromising on decentralization. David Kinitsky's appointment further strengthens Everstake's leadership in advancing the future of non-custodial staking and driving institutional blockchain adoption. The leadership transition comes as regulators, including the SEC, begin to issue more definitive guidelines for digital assets, including staking. Everstake has long taken a leadership role in shaping the regulatory dialogue, including direct engagement with the SEC's Crypto Task Force. As clearer rules emerge, the company remains committed to helping shape policy that reflects the realities of blockchain technology while continuing to educate and collaborate with global regulators. 'With growing regulatory clarity, Everstake is uniquely positioned to lead the industry with a compliant, scalable, and transparent approach to staking and crypto network infrastructure,' added David Kinitsky. About Everstake Everstake is a leading global non-custodial staking provider, enabling secure and scalable access to over 85 Proof-of-Stake networks for both institutional and retail clients. Founded in 2018 by blockchain engineers, the company supports more than 735,000 delegators, $6.5 billion in staked assets, and 40,000+ active validators — delivering institutional-grade infrastructure with 99.9% uptime and zero material slashing events since inception. Trusted by asset managers, custodians, wallets, exchanges, and protocols, Everstake offers API-first, compliant infrastructure backed by SOC 2 Type 2 and ISO 27001:2022 certifications, GDPR compliance, and regular smart contract audits. Its globally distributed team of 100+ professionals is committed to making staking accessible to everyone while strengthening the foundations of decentralized finance. Everstake is a software platform that provides infrastructure tools and resources for users but does not offer investment advice or investment opportunities, manage funds, facilitate collective investment schemes, provide financial services, or take custody of or otherwise hold or manage customer assets. Everstake does not conduct independent diligence or substantive review of any blockchain asset, digital currency, cryptocurrency, or associated funds. Everstake's provision of technology services allowing users to stake digital assets is not an endorsement or a recommendation of any digital asset. Users are fully and solely responsible for evaluating whether to stake digital assets. Contact PR Manager
Yahoo
6 hours ago
- Yahoo
Dogecoin Drops 7% After Brief Rally Amid Rising Hopes of a DOGE ETF
Dogecoin DOGE experienced sharp swings over the past 24 hours, initially surging to 20 cents before falling to 19.1 cents, representing a 6.63% range. The meme coin formed a V-shaped recovery pattern late in the session, climbing back to $0.192 with rising volume, though resistance remains firm around just above 20 cents. Dogecoin's latest price action comes amid renewed interest in meme tokens following a series of crypto market shake-ups. Speculation around a possible DOGE ETF has gained traction, with Polymarket data indicating a 51% chance of SEC approval in 2025 — a development that could inject institutional capital into the market. Meanwhile, Dogecoin's integration with Coinbase's Base network is adding functional value, introducing wrapped DOGE into DeFi ecosystems for the first time on a large scale. The meme coin's ability to draw high-volume support near key levels suggests that institutional buyers may be quietly building positions, even as retail traders remain cautious. • DOGE surged from $0.196 to $0.204 (4.08%), then reversed sharply to $0.191 (6.63% range). • Resistance confirmed at $0.203–$0.204 after three rejections on heavy volume (>1B units at 07:00). • Support formed at $0.192, with brief rebounds from this level despite weakness. • Final hour drop from $0.192 to $0.190 followed by a quick V-shaped recovery to $0.192. • Accumulation signs emerged with volume increasing past 2.3M in final minutes.