Crypto exchange introduces incentives for cryptocurrency traders in Bolivia.
Bolivian crypto users are gaining new opportunities as Bybit, the world’s second-largest cryptocurrency exchange by trading volume, introduces zero-fee deposits in Bolivian Bolivianos (BOB) alongside a 5,000 USDT prize pool. The initiative, called the BOB Advantage, is designed to make cryptocurrency trading more accessible and incentivize local adoption.
The campaign runs through March 12, rewarding users who complete simple deposit and trading milestones.
Bybit Bridges Local Fiat with Crypto Markets
Participants can earn up to 17 USDT across three tiers: the first tier requires a deposit of 1,000 BOB and trading 100 USDT to earn 2 USDT; the second tier requires 5,000 BOB and 500 USDT traded for 5 USDT; and the third tier requires 10,000 BOB and 1,000 USDT traded to earn 10 USDT. Rewards are distributed on a first-come, first-served basis, and all tasks must be completed within seven days of joining.
The BOB Advantage reflects Bybit’s strategic effort to integrate Bolivia’s local fiat infrastructure with global digital asset markets.
According to Patricio Mesri, LATAM Country Manager at Bybit, enabling deposits and withdrawals in Bolivianos represents a key step in connecting Bolivia’s financial system with digital assets. “This is only the beginning. Much more is coming”, he noted.
Expanding Web3 and DeFi Access
Dubai-based Bybit serves over 80 million users worldwide and positions itself as a bridge between traditional finance and decentralized markets.
The BOB Advantage aligns with the company’s broader goal of offering efficient, compliant, and affordable payment rails across emerging regions, while supporting user participation in Web3 and decentralized finance with reduced friction.
Since Bolivia lifted its decade-long ban on virtual assets in June 2024, crypto adoption has risen sharply. In the first half of 2025, digital asset transactions reached roughly $294 million, up from $46.5 million in the same period of 2024, which marks up to 630% year-on-year increase, according to Central Bank of Bolivia data.
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