Bybit Extends Support for Altcoin: Analysts Predict Surge for Coin Name (Symbol)
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- Crypto exchange Bybit announces support for Ethena Labs’ stablecoin, USDe, by adding spot trading pairs for Bitcoin and Ethereum.
- This development has also been supportive for ENA, backed by Ethena Labs, as the altcoin price positively reacted to the news.
- Analysts are indicating higher levels for ENA following this development.
Bybit’s support for Ethena Labs’ stablecoin, USDe, is set to unlock the next wave of growth for the altcoin, ENA. This article delves into the details of this development and what it means for ENA’s future.
Bybit to Add USDe Spot Trading Pairs for BTC and ETH
Ethena Labs, a newcomer in the market, has been making waves with its recent developments. The latest announcement is a partnership with crypto exchange Bybit. As part of this partnership, Bybit will integrate USDe as a collateral asset for perpetual futures trading of all assets on its Universal Trading Arena (UTA). This move will provide users with the opportunity to earn returns and “unlock greater capital efficiency”. The integration also includes spot trading pairs for BTC and ETH with USDe.