Bybit Announces Addition of Saros to Spot Trading Platform

Bybit, a prominent cryptocurrency exchange, recently announced the addition of Saros (SAROS) to its Spot trading platform. This listing, scheduled for January 19, 2024, follows the deposit opening on January 18 and precedes the withdrawal availability set for January 20. As part of this significant event, Bybit has unveiled a special promotion involving a 50,000 USDT prize pool, aiming to celebrate Saros’ listing and engage both new and existing users.

This approach is not new for Bybit, as evidenced by a similar initiative for the Inspect (INSP) token listing, which featured a 70,000 USDT prize pool, marking a consistent strategy by the exchange to attract users to new listings.

Saros, a blockchain-based platform, has recently completed a substantial fundraising round, garnering $3.75 million from various investors. This round witnessed significant participation from notable entities such as Solana Ventures, Hashed, Spartan, Arche Fund, and other industry leaders. The funding is pivotal for Saros’ expansion plans and the development of the Saros Super App, a comprehensive, non-custodial web3 application targeted for launch in the first quarter of 2024.

The Saros Super App aims to offer a one-stop solution for global payments and transactions, facilitating the transfer of digital assets. The funds raised are expected to drive the app’s development and assist in its expansion strategies. Alongside the app, Saros plans to launch SarosID, a privacy-preserving digital solution intended to enhance the adoption of the Super App’s services. This decentralized ID system is designed to provide flawless access and foster user engagement with the Saros ecosystem.

The successful completion of this funding round is a significant milestone for Saros, marking a strategic move towards reshaping the decentralized finance landscape. With its focus on fostering innovation and building a more inclusive financial ecosystem, Saros is well-positioned to make a profound impact in the world of digital assets.