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Bybit just went to zero. The exchange wiped both commission and swap fees on its stock CFD lineup, running the campaign through July on its TradFi platform. It’s a pretty aggressive play in a space that’s getting crowded fast.
The offer covers more than 380 instruments — equities tied to Apple, Tesla, Microsoft, and Google, plus commodities, indices, and forex pairs. Leverage runs up to 5x. All trades settle in USDT through a single account, and Bybit uses a straight-through processing pricing model, which basically means no extra markups buried in the spread. On top of the zero fees, the campaign throws in rebates of up to $100,000, and individual traders can pull up to 2,000 USDT in swap fee rebates alone. That’s not nothing.
No separate MT5 install. No second app. Just the Bybit interface.
The Real-World Asset Portal Behind the Push
The zero-fee campaign isn’t running in isolation — it’s tied to Bybit’s launch of a real-world asset portal that combines TradFi products with tokenized asset offerings. The portal handles stock CFDs alongside tokenized equities, tokenized metals, and contracts linked to traditional assets. There are also yield products connected to real-world assets sitting inside the same interface. Bybit seems to want one place where a crypto trader can go long on gold, short a tech stock, and earn yield on tokenized instruments without switching platforms. Whether that pitch lands with users is unclear yet, but the product architecture is there.
Bybit first got into traditional asset CFD trading back in 2022, which means it’s had a few years to build the plumbing. The TradFi unit gives direct access to gold, indices, and forex, all from the Bybit app. The real-world asset portal is the next layer on top of that.
Rivals Are Moving Too
Bybit isn’t alone in this. Crypto.com and Kraken are both pushing into traditional instruments, with licensed entities operating in the UK and EU. BitMEX and Phemex have added CFD-like access to multiple asset classes. eToro and CEX.io are running multi-asset models that blend crypto and CFD trading in one interface. The pattern is pretty clear — crypto exchanges are building toward the same destination, and the differentiator right now is price. Bybit’s bet is that zero fees pulls traders who might otherwise drift toward a more established TradFi broker.
That’s not a crazy bet. Crypto-native traders are used to low fees and fast execution. The friction of opening a separate brokerage account to trade Apple or an S&P 500 index CFD has always been a soft barrier. Strip the fees out entirely, keep settlement in USDT, and the argument for staying inside one ecosystem gets stronger.
The broader industry trend is real. Traditional finance and crypto have been bleeding into each other for a while now — tokenized treasuries, on-chain equity exposure, stablecoin yield products. Exchanges that built their user bases on spot crypto trading are now trying to hold those users as their appetites expand. Bybit’s 380-plus instrument catalog is a direct response to that. Traders who started with Bitcoin and Ethereum and now want diversified exposure don’t necessarily want to leave the interface they already know.
Fees matter a lot in CFD trading specifically. Swap fees — the overnight financing charges on leveraged positions — can quietly eat into returns on trades held for more than a day or two. Waiving those until July removes a real cost, not just a headline number. Combined with the rebate structure, active traders running larger positions could see meaningful savings compared to holding equivalent positions on a traditional CFD broker.
What happens after July is the obvious question. Bybit didn’t specify whether the zero-fee structure becomes permanent or whether it transitions into a standard fee model once the campaign ends. No details on that yet. The rebate caps and the swap fee rebate ceiling of 2,000 USDT suggest there are limits baked in — it’s not unlimited free trading, it’s a promotional structure with ceilings.
Still, 380 instruments, zero commission, zero swap fees, up to $100,000 in rebates, 5x leverage, USDT settlement, and a real-world asset portal sitting underneath it all. That’s a lot of product to put in front of a crypto trader who’s been curious about equities but never bothered to open a second account.
Bybit’s real-world asset portal supports tokenized equities and tokenized precious metals alongside the stock CFD lineup.
Frequently Asked Questions
What instruments are included in Bybit’s zero-fee stock CFD campaign?
The campaign covers over 380 instruments, including stock CFDs tied to Apple, Tesla, Microsoft, and Google, plus commodities, indices, and forex pairs, all settling in USDT.
How much can traders earn in rebates during Bybit’s zero-fee campaign?
Bybit offers total rebates of up to $100,000, with individual traders eligible for up to 2,000 USDT in swap fee rebates during the campaign period running through July.
