Bybit's MNT Campaign: Bridging Traditional and Decentralized Finance for Mass Adoption

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has launched a limited-time promotion for its Bybit Card & Pay users, offering enhanced cashback rewards and fee-free spending on Mantle (MNT) transactions. Effective immediately and open until October 22, 2025, eligible participants can earn up to 25% additional cashback in MNT, with no conversion fees applied to their spending. The initiative is part of Bybit’s broader partnership with Mantle, designed to incentivize everyday crypto usage and align with the token’s growing adoption in decentralized finance (DeFi), GameFi, and real-world asset (RWA) ecosystems.

To participate, users must first apply for a Bybit Card or Bybit Pay account through the platform. Once approved, they can navigate to the Card Rewards section to select MNT as their default cashback token. Spending via the Bybit Card or Bybit Pay will then qualify for the enhanced rewards, with the standard 0.9% conversion fee waived for MNT transactions. The total rewards pool is capped at 50,000 USDT, distributed as MNT tokens to users based on their spending activity during the campaign period.

The promotion highlights the integration of MNT into Bybit’s payment solutions, reflecting the token’s recent performance. On September 23, 2025, MNT reached an all-time high of $1.88 following a mainnet upgrade leveraging OP Succinct technology. The upgrade positioned MNT as the largest zero-knowledge (ZK) rollup with over $2 billion in total value locked (TVL), underscoring its role in bridging traditional finance with decentralized infrastructure. Mantle’s high-performance Ethereum Layer-2 technology has also contributed to reduced gas fees and improved scalability, aligning with Bybit’s strategy to enhance user accessibility to Web3.

Bybit’s Card & Pay service offers no annual or inactivity fees, further reducing barriers for crypto-native users. The platform supports multiple cryptocurrencies, including BTC, ETH, USDT, and USDC, alongside fiat currencies such as EUR and GBP. The cashback rewards program is structured to scale with user activity, with higher cashback rates for increased spending volumes. This aligns with Bybit’s broader mission to foster mainstream crypto adoption by simplifying everyday transactions and providing tangible financial benefits.

The collaboration with Mantle underscores Bybit’s focus on strategic partnerships with blockchain protocols to drive on-chain innovation. By integrating MNT into its payment infrastructure, Bybit enables users to leverage the token’s expanding utility in DeFi and RWA applications. The promotion also reflects the growing institutional interest in MNT, which has seen increased adoption in staking, governance, and cross-chain use cases. With over 70 million users globally, Bybit’s ecosystem is positioned to amplify MNT’s reach, particularly as the token continues to expand its presence in decentralized finance.

The Bybit Card & Pay campaign represents a key milestone in the exchange’s efforts to bridge the gap between traditional and decentralized finance. By offering fee-free spending and enhanced cashback rewards, Bybit is incentivizing users to adopt crypto for daily transactions, a critical step toward broader mainstream acceptance. As MNT’s TVL and utility grow, the partnership with Bybit is likely to further solidify the token’s position in the Ethereum Layer-2 landscape, benefiting both retail and institutional participants in the ecosystem.

Source: [1] Bybit Card & Pay: Extra MNT Cashback and Fee-Free Spending (https://www.prnewswire.com/news-releases/bybit-card--pay-extra-mnt-cashback-and-fee-free-spending-302568286.html) [2] Bybit Card & Pay: Extra MNT Cashback and Fee-Free Spending (https://cryptodaily.co.uk/2025/09/bybit-card-pay-extra-mnt-cashback-and-fee-free-spending)