Ethereum News Today: Bybit Empowers Big Traders with MNT OTC Access, Cutting Market Impact

Generated by AI AgentCoin World
Friday, Aug 29, 2025 6:46 am ET1min read
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Aime RobotAime Summary

- Bybit, the world’s second-largest crypto exchange, launched OTC trading for Mantle’s $MNT token on August 28, 2025, targeting institutional and high-volume traders.

- MNT, an Ethereum Layer 2 token, saw a 56.9% price surge and $20.5B+ combined trading volume in Q3 2025, reflecting growing adoption.

- The OTC platform offers locked pricing, instant execution, and multi-token support, reducing market impact for large trades.

- Bybit’s partnership with Mantle aligns with its strategy to bridge TradFi and DeFi, reinforcing its role in Web3 infrastructure development.

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has announced the inclusion of Mantle’s native token, $MNT, for Over-the-Counter (OTC) trading. The move, which took effect on August 28, 2025, allows users to trade large volumes of MNT with more favorable rates, catering to the needs of institutional and high-volume traders. This service enables direct trading between counterparties, ensuring reduced exposure to slippage and market impact while providing instant execution and price certainty [1].

MNT is the native token of the Mantle Network, an

Ethereum
Layer 2 (L2) scaling solution that utilizes Optimistic Rollup technology. Mantle enables off-chain transaction processing before settlement on Ethereum, significantly reducing fees and increasing throughput compared to the base layer. The integration of MNT on Bybit’s OTC platform follows a period of strong performance for the token. Between August 5 and August 16, 2025, MNT’s price rose by 56.9%, peaking at $1.368. As of August 27, the price remained above $1.20, representing a 38.1% increase from its level on August 5 [1].

The token’s rising popularity is also reflected in Bybit’s trading data. In the same period, MNT saw a 54.46% quarterly increase in spot trading volume and a 412.58% jump in derivatives trading volume. The combined trading volume for MNT surpassed $20.5 billion, marking an 80.12% increase. These figures highlight the growing adoption of MNT and the significant role Bybit plays in facilitating its ecosystem [1].

Bybit’s OTC platform offers a range of benefits tailored for large-scale trades. Users can trade MNT against stablecoins like

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and
USDC
, as well as BTC and ETH, with trade volumes ranging from 100,000 to 3,000,000 MNT. The platform’s features include locked-in pricing, instant execution, and support for multiple tokens, making it an efficient solution for traders seeking to execute large trades without affecting market prices [1].

The partnership between Bybit and Mantle further underscores Bybit’s strategic focus on supporting innovative blockchain protocols. With a global user base exceeding 70 million, Bybit aims to bridge traditional finance (TradFi) and decentralized finance (DeFi) by offering infrastructure that supports the next generation of blockchain-based financial instruments. The addition of MNT to its OTC platform reflects this commitment and reinforces Bybit’s role in fostering Web3 adoption [1].

Source:

[1] Bybit Launches OTC Trading for MNT Token - Offering Institutional-Grade Trading with Better Rates (https://www.prnewswire.com/apac/news-releases/bybit-launches-otc-trading-for-mnt-token---offering-institutional-grade-trading-with-better-rates-302541137.html)

[2] Bybit Launches OTC Trading For MNT Token (https://www.barchart.com/story/news/34454075/bybit-launches-otc-trading-for-mnt-token-offering-institutional-grade-trading-with-better-rates)

[3] Bybit Launches OTC Trading for MNT Token (https://www.prnewswire.com/in/news-releases/bybit-launches-otc-trading-for-mnt-token---offering-institutional-grade-trading-with-better-rates-302541156.html)