Bybit has introduced a fixed-rate borrowing feature within its Unified Trading Account (UTA) Loan offering, combining pre-set interest rates and loan durations with access to leverage up to 10x for eligible trading activities. The enhancement, which became available on Feb. 28, 2026 at 8 a.m. UTC, allows users to select defined loan tenors up to 180 days through Manual Borrow while continuing to operate within UTA's single-account, shared-collateral framework.
UTA is structured to consolidate spot trading, derivatives trading, and borrowing under one account, using pooled collateral and integrated margin management. Under the UTA Loan product, users have previously been able to obtain funds either through Auto Borrow, which is initiated automatically by trading activity, or through Manual Borrow, which is opened in advance by the user. The new fixed-rate path expands the Manual Borrow option to include loans where both the interest rate and maturity date are established at origination.
Prior to this change, UTA Loan primarily offered floating-rate borrowing. Interest for those loans was calculated on an hourly basis and loans lacked predefined maturities, a configuration that suited short-term financing needs. The introduction of fixed-rate borrowing provides an alternative for users who need longer-term funding and want predictability in financing costs. By permitting borrowers to lock in a fixed cost and a set maturity, Bybit is enabling a form of leveraged financing that can be planned for over a multi-month horizon.
Accessing the fixed-rate option is performed via the platform navigation: Assets -> Unified Trading Account -> Borrow. Once a user is approved for a fixed-rate loan, borrowing quotas are reserved for the selected term, which aims to give clearer expectations about funding availability and the cost over the life of the loan. The feature retains UTA's high-leverage capability; eligible activities under UTA, including spot margin trading, can utilize leverage of up to 10x while benefiting from the fixed-rate structure.
One of the notable mechanics of the fixed-rate model is that the interest rate and maturity date are locked at the time the loan is taken and do not change during the term. This design is targeted at users who prioritize cost visibility when carrying leveraged positions beyond short-term market moves. The loan also supports additional borrowing within the original loan period: if a borrower repays the loan before maturity, they may re-borrow during the remaining original term without incurring additional interest charges, and the original maturity date remains in effect. That capability is intended to improve capital efficiency for borrowers operating inside the same borrowing window.
Bybit states that pairing longer-term fixed-rate borrowing with UTA's leverage options allows users to run leveraged strategies across extended periods with greater clarity on financing costs. The exchange highlights that, in broader crypto markets, fixed-rate loans are often restricted to shorter durations or provided separately from leveraged-trading structures. Embedding fixed-rate tenors of up to 180 days directly into a unified account that also supports high leverage is therefore a comparatively uncommon configuration in the digital asset market.
The fixed-rate feature supports a range of loan lengths up to the maximum term of 180 days. Users can select shorter durations to align borrowing with different trading strategies and funding needs. The fixed-rate option is accessible through Manual Borrow; Auto Borrow remains the mechanism for borrowing triggered automatically by trading behavior.
About Bybit: Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 80 million users. Founded in 2018, the company positions itself around creating a simpler and more open ecosystem for participants in the decentralized economy, and it highlights strategic partnerships with blockchain protocols to support on-chain development. Bybit emphasizes secure custody, diverse marketplaces, an intuitive user interface, and blockchain tools aimed at bridging TradFi and DeFi.
For users and market participants, the fixed-rate UTA Loan expands options for structured capital management within a single account architecture. The combination of pre-defined borrowing terms and continued access to high leverage under UTA is presented as a tool for traders and other market actors who require predictability in financing costs while executing leveraged strategies over longer horizons.
How to access fixed-rate UTA Loan
- Navigate to Assets -> Unified Trading Account -> Borrow
- Use Manual Borrow to select a fixed-rate loan tenor, up to 180 days
- Upon approval, borrowing quotas are reserved for the selected term
Operational note
The fixed-rate model confirms both interest rate and maturity at origination and preserves the original maturity date even if the borrower repays and re-borrows during the loan period. Auto Borrow remains available for borrowing triggered by trading activity, while Manual Borrow now offers the option to secure fixed-rate financing for planned, longer-lived positions.