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Dubai, United Arab Emirates, December 31st, 2024, Chainwire
Bybit, recognized as the second-largest cryptocurrency exchange globally by trading volume, has unveiled its upgraded Peer-to-Peer (P2P) service, now featuring comprehensive API support for certified merchants. This integration is designed to help advertisers and merchants enhance their workflows, automate essential tasks, and expand their transaction capabilities.
Advancements in P2P Trading
The introduction of this new API integration allows qualified Bybit P2P merchants to engage more seamlessly with the platform. It is tailored to support essential high-frequency P2P activities, which include:
Advertisement Management: Merchants can efficiently handle advertisements, access comprehensive lists, review details, and amend listings through the API. This innovation minimizes manual effort and enables swift adjustments in response to evolving market trends. Facilitating Payments and Token Deposits: The API streamlines P2P transactions by granting users the ability to monitor account details, place orders, confirm payments, and release assets directly via the API. This feature allows merchants to efficiently manage extensive transaction groups while maintaining security. With the Bybit P2P open API, users gain the flexibility to centralize trading activities and craft strategies that suit their operational needs. This tool has the potential to enhance P2P trading efficiency on Bybit, automating labor-intensive processes and simplifying frequent tasks.
Ensuring Security and Proper Integration
Currently, access to the Bybit P2P API is available only to advertisers with a VA level designation or higher. To utilize the P2P API, users are required to meet two technical criteria that reinforce both security and integration efficacy. Initially, users must activate API permissions and generate an API key, which ensures secure communications with the API. Subsequently, users must refer to the API documentation to make authorized calls correctly.
Bybit’s commitment to refining its platform aims to facilitate open and effective operations that benefit traders by conserving time and resources. In keeping with its mission to develop innovative, user-centric offerings, this new capability fosters deeper engagement and improved user experiences. Through the expansion of API access, Bybit P2P empowers merchants and advertisers to remain nimble and competitive within the fast-evolving P2P sector.
Developers and merchants seeking additional insights can consult the API documentation for detailed implementation guidelines.
#Bybit / #TheCryptoArk
About Bybit
Bybit stands as the world’s second-largest cryptocurrency exchange measured by trading volume, catering to a global user base exceeding 60 million individuals. Established in 2018, Bybit is committed to fostering transparency in the decentralized financial landscape by cultivating a simpler and equitable ecosystem for all participants. With a pronounced emphasis on Web3, Bybit strategically collaborates with prominent blockchain protocols to enhance infrastructure and stimulate on-chain advancements. Known for its secure asset custody, varied marketplaces, user-friendly interface, and advanced blockchain technology, Bybit is positioned to bridge the divide between traditional finance (TradFi) and decentralized finance (DeFi), empowering builders, creators, and enthusiasts to harness the full potential of Web3. To explore more about decentralized finance, visit Bybit.com.
For further information about Bybit, please go to Bybit Press.
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Contact Head of PR Tony Au Bybit tony.au@bybit.com
This article was originally published on Chainwire
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