Bybit has launched a fixed-rate borrowing option for its Unified Trading Account (UTA) Loan product. This new feature allows users to access leverage of up to 10 times and fixed borrowing periods of up to 180 days within a single account. This combination is a rare offering in the digital asset market.
The UTA is designed for integrated management of spot trading, derivatives, and borrowing, using shared collateral and margin. The introduction of fixed-rate borrowing offers users a choice between flexible floating rates or cost certainty with fixed rates. Previously, UTA Loan focused on floating-rate borrowing suitable for short-term needs.
Starting February 28, 2026, users can utilize fixed-rate borrowing via Manual Borrow within UTA. Loan terms range from short to extended periods up to 180 days. Borrowing quotas are reserved for the selected term upon approval, providing predictable funding availability and costs.
By pairing longer-dated fixed-rate borrowing with leverage for eligible activities, Bybit enables leveraged strategies over extended horizons with greater visibility into financing costs. This integrated structure within UTA is notably uncommon in the crypto market, where fixed-rate loans are often limited to shorter durations or offered separately from leveraged trading.
Under the fixed-rate model, both the interest rate and maturity date are confirmed at borrowing and remain unchanged. This is beneficial for users prioritizing cost predictability for leveraged positions beyond short-term market movements. The fixed-rate UTA Loan also supports continued borrowing within the original loan period, with repaid funds potentially re-borrowed without additional interest before the original maturity date, enhancing capital efficiency.
With the addition of fixed-rate borrowing, extended loan durations, and higher leverage within UTA, Bybit aims to support more structured and long-term capital management in the digital asset market.