June 29 (Cointime) -Bybit, the global cryptocurrency exchange leader, has launched a P2P HotSwap service to directly purchase cryptocurrencies through a wide range of offline payment methods, simplifying the transaction process and enhancing the liquidity of fiat currencies for cryptocurrencies.

This innovative system integrates quotes from P2P advertisers and third-party liquidity providers, ensuring users receive competitive quotes and introducing a new source of liquidity for fiat-to-crypto exchanges. An intelligent recommendation engine identifies and recommends advertisers that meet strict criteria (price, volume, etc.), ensuring valid deals and fair pricing. In addition, P2P HotSwap also eliminates the requirement that traditional trading platforms need to first purchase USDT for cryptocurrency exchange, making the transaction process simpler and more efficient.

Bybit CEO Ben Zhou expressed his excitement about the launch of this revolutionary service and emphasized that Bybit is committed to improving the user experience. By launching the P2P HotSwap service, Bybit not only solidifies its commitment to enhance the functionality of the platform, but also represents a significant development in the field of cryptocurrency trading.