Bybit Launches Fixed-Term Yield Product for XRP Holders

Bybit, one of the largest crypto exchanges globally, has introduced a fixed-term yield product for XRP holders. This new offering enables customers to earn up to 5% Annual Percentage Yield (APY) on their idle XRP assets in a 90-day investment plan.

The product features a base rate of 2.5% and a bonus yield of 2.5%, with returns distributed in a single payout upon maturity. To promote the campaign, Bybit launched a 30,000 XRP incentive pool on April 13, which will be available until July 12.

Bybit has partnered with Doppler Finance to offer this new product, and customers retain full custody over their XRP assets throughout the process. The fixed-term savings model is added to Bybit's existing offerings for eligible customers worldwide, including those in the European Union. However, Sharia-Law compliant accounts are excluded from this promotion.