Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has officially included Mantle ($MNT) tokens for OTC (over-the-counter) trading on the exchange. The move enables users to trade MNT in bulk and access better rates.
MNT is the native token of the Mantle Network, an innovative L2 scaling solution built on top of Ethereum. Mantle leverages Optimistic Rollup technology to securely log transactions off-chain before settling them on-chain, offering lower transaction fees and higher throughput compared to Ethereum.
Boosted by the recent ETH rally and expanded utilities including Bybit integration, MNT has demonstrated significant growth across multiple metrics. MNT price surged 56.9% from $0.872 on August 5 to a peak close price of $1.368 on August 16; as of August 27, MTN maintained its price level above $1.2, or a 38.1% increase compared to August 5.
Trading volumes across spot and derivatives also went from strength to strength, recording 54.46% rise in spot trading volume for the same period quarter-on-quarter, and 412.58% higher in derivatives trading volume. This brings the combined trading volume to over $20.5 billion in the cycle, up by 80.12%. The standout performance is testament to Bybit’s pivotal role in empowering the MNT ecosystem and driving adoption.
Trading with MNT on Bybit
MNT has arrived at Bybit OTC. With Bybit OTC trading, users can trade directly with their counterparty, lock in prices, and minimize exposure to order book slippage. The service provides certainty and instant execution without market impact. MNT can be traded with USDT, USDC, BTC, or ETH on Bybit.
Key Benefits
Locked-in prices: Limiting exposure to order book slippage
Competitive rates: Ideal for large trades
Instant execution: Once confirmed, the swap is executed with no time loss
Multiple tokens: Saving time to trade more
Flexible range: Trade between 100,000 and 3,000,000 MNT
The OTC service supports high trading volume at optimum prices and speed, making it ideal for institutional investors and high-volume traders seeking efficient execution.
Bybit MNT OTC trading is now available. Terms and conditions apply: Bybit OTC Trading
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