DUBAI, UAE, July 18, 2024 /PRNewswire/ -- Bybit, the world's
second-largest web3 platform by trading volume, today announced the
listing of CLOUD on its Spot trading platform. This marks Bybit as
the first centralized exchange to officially list CLOUD, offering
users the opportunity to trade the governance token for Sanctum, a
pioneer in next-generation liquid staking infrastructure on the
Solana blockchain.
"We are thrilled to welcome CLOUD to the Bybit platform. Bybit
is committed to providing our users with access to the most
promising and innovative projects in the industry. Sanctum's
groundbreaking work in liquid staking is a testament to the
potential of DeFi, and we believe that CLOUD will be a valuable
addition to our spot trading offerings," added Emily Bao, Head of Spot at Bybit.
Following Bybit's lead, other exchanges like Gate, Kraken, and
Bitget have also announced they will list CLOUD.
Cloud Deposits Begin Today
Deposits for CLOUD open today, July 18,
2024, at 10:00 AM UTC,
followed by official listing at 3:30 PM
UTC. Withdrawals will be enabled starting July 19, 2024, at 10:00 AM
UTC. Deposits and withdrawals will be facilitated through
the Solana network. Additionally, users can leverage Bybit's
powerful Spot Grid Bots for automated CLOUD trading strategies upon
listing.
Empowering Sanctum's Liquid Staking Ecosystem
CLOUD serves as the governance token for Sanctum, granting
holders the power to shape the platform's future by participating
in key decision-making processes. Sanctum stands at the forefront
of developing innovative liquid staking solutions on Solana. To
date, Sanctum's infrastructure has processed over $1.8 billion in LST swap volume.
Web3 Livestream Coming Up to Discuss Future
Innovations
Bybit's listing of CLOUD underscores its commitment to providing
users with access to cutting-edge projects within the evolving DeFi
landscape. This aligns with Bybit's upcoming collaboration with
Bybit Web3 team, where a livestream on July
31st will delve into the three major growth sectors bridging
Web2 and Web3.
#Bybit / #TheCryptoArk / #BybitWeb3
About Bybit
Bybit is the world's second-largest cryptocurrency exchange
by trading volume, serving over 33 million users. Established in
2018, Bybit provides a professional platform where crypto investors
and traders can find an ultra-fast matching engine, 24/7 customer
service, and multilingual community support. Bybit is a proud
partner of Formula One's reigning Constructors' and Drivers'
champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press.
For media inquiries, please contact: media@bybit.com
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit's Communities and Social
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