SINGAPORE – Media OutReach – 11 October 2022 – Mondelēz International, the maker of iconic brands including Cadbury Dairy Milk, Oreo, Ritz and Toblerone today announced the appointment of Hemant Rupani as President for its Southeast Asia (SEA) Business Unit. Previously the Managing Director of Mondelez Kinh Do Vietnam, Hemant replaces Glenn Caton who has moved to another position in the company’s global operations.
Hemant Rupani, President for SEA Business Unit, Mondelēz International
In his new role, Hemant will be responsible for the SEA cluster of markets including the Exports business in the broader Asia Pacific, Middle East and Africa (AMEA) region, leading growth and end-to-end business.
Speaking about his appointment, Hemant said, “The SEA business has been on an accelerated growth path driven by increasing consumption, digital penetration, talented population, and cultural diversity in the region.
“We have built a reign as category leaders across segments with our portfolio of iconic global brands and local jewels. Combining our solid team, local-first strategy, and robust investments, we are in a strong position to lead the future of snacking and drive sustainable growth forward.”
Mondelēz International commands a long-standing heritage in SEA. The region also houses ten manufacturing facilities and two technical centres that support its world-class supply chain capabilities and product innovation.
Early this year, Mondelēz International invested US$23 million to expand its OREO production line in Cikarang, Indonesia, which also uses the latest technologies in reducing energy, water and carbon emissions. The company has also integrated solar panel rooftops on two of its manufacturing plants in Malaysia, including the Cadbury chocolate production factory which has a 48-year-old heritage locally.
Hemant’s appointment comes at a critical time as Southeast Asian consumers are rapidly evolving amidst the economic recovery. He added, “Over the years, we have learned to adapt in making the business more agile, resilient, and competitive. Digitalization will play an increasing role to help us speed up innovation, strengthen proximity to consumers, and spearhead progress towards creating snacks the right way for both people and the planet to love.”
Hemant is an accomplished leader with over 20 years of experience working in India, US and Vietnam covering various industries including food and beverage (F&B), telecommunications, and consulting. Throughout his career journey, Hemant has enabled multiple business turnarounds, driven operational excellence, and built high-impact teams. Prior to joining Mondelēz International in 2016, he worked with several leading organisations including PepsiCo, Vodafone, Britannia, and Infosys Technologies.
Hashtag: #MondelēzInternational
About Mondelēz International (SEA)
Mondelēz International (SEA) is part of the Mondelēz International group of companies which empowers people to snack right in over 150 countries around the world, with a strong presence in Southeast Asia. With 2021 net revenues of approximately USD29 billion, Mondelēz International is a member of the Standard and Poor’s 500, Nasdaq 100 and Dow Jones Sustainability Index.
Mondelēz International is leading the future of snacking with iconic global and local brands such as Cadbury Dairy Milk chocolate, Cadbury Zip chocolate wafer, Cadbury 5 Star chocolate, Toblerone chocolate, OREO cookies, Chipsmore cookies, Jacob’s biscuits, Tiger biscuits, Philadelphia cheese, Kraft-Dairylea cheese, Chachos chips, Chipster chips, Twisties snacks and many more. We have been part of SEA for more than 70 years, with operations in Malaysia, Indonesia, the Philippines, Singapore, Thailand, and Vietnam. Our 7,000+ colleagues work across our ten manufacturing locations, two research and development technical centers and our sales and marketing network to create products that people can truly love and feel good about. From wholesome treats to indulgent bites, consumers can enjoy the right snack, for the right moment, made the right way.
Nexusguard DDoS Statistical Report Reveals Key Attack Observations and Analysis from the First Half of 2022
SINGAPORE – Media OutReach – 11 October 2022 – In the first half of 2022, the amount of DDoS (distributed denial of service) attacks increased by 75.6% compared to the second half of 2021, according to new Nexusguard research revealed in the company’s DDoS Statistical Report for 1HY 2022. While the total number of attacks did grow, the average (0.59 Gbps) and maximum (232.0 Gbps) attack sizes each decreased by 56% and 66.8%, respectively, during the same period. Notably, application attacks increased a whopping 330% over the second half of 2021 and amplification attacks increased by 106.7%.
Single-vector attacks represented 85% of all attacks globally in H1 2022. UDP (User Datagram Protocol) attacks, which quickly overwhelm the target defenses, and HTTPS Flood, which exhaust servers with valid HTTPS requests, were the two most predominant vectors. Nearly four out of 10 (39.6%) attacks were UDP, an increase of 77.5% from H2 2021, and the two groups combined accounted for more than half (55.5%) of DDoS attacks globally. UDP attacks frequently serve as a smokescreen to mask other malicious activities such as efforts to compromise personal identifiable information (PII) or the execution of malware or remote codes.
New to Nexusguard DDoS reports are statistics describing top reflected attack destinations. Reflection attacks spoof the IP address of the target, tricking it to believe it has received an authentic request, typically via UDP, to which the target responds. Nearly three-quarters (74.6%) of all reflected attacks targeted organizations in Brazil and South Korea. Within Europe, the United Kingdom received almost a quarter (24.6%) of all reflected attacks in that region while in the Middle East and Africa the Seychelles and Saudi Arabia combined, received more than half (55.5%).
Stealthy Bit-and-Piece attacks continue to plague ASN-level Communications Service Providers (CSPs) globally, especially internet service providers (ISPs). Stealthy Bit-and-Piece attacks continue to plague ASN-level Communications Service Providers (CSPs) globally, especially Internet service providers (ISPs). While 81% of attacks globally were less than a single Gbps, Bit-and-Piece attacks by /24 networks registered minimum sizes of 0.0637 Gbps and a maximum of 123.72 Gbps. By drip-feeding doses of junk traffic into a large IP pool, the traffic remains small enough to evade traditional threshold-based detection, but accumulates to be enough to clog and disable the target.
“Attackers came out of winter hibernation with never-before-seen levels of intent, showing an incredible increase of attacks in Q2 2022 alone and by June, reaching the highest first-half levels since 2018,” said Juniman Kasman, chief technology officer of Nexusguard. “We’ve expanded our DDoS reports to include data on reflected attack destinations and have separated Europe from the Middle East and Africa regions to provide organizations with even more information on DDoS attacks. The wide variability in attack types shown by our latest report demonstrates that companies must remain vigilant in protecting themselves against the risk of DDoS attacks.”
Read Nexusguard’s DDoS Statistical Report 1HY 2022 for more information on attack vectors, stats and trends based on data gathered from CSPs, honeypots, botnet scanning and research on traffic moving between attackers and their targets.
Hashtag: #Nexusguard
About Nexusguard
Founded in 2008, Nexusguard is a leading cloud-based distributed denial of service (DDoS) security solution provider fighting malicious internet attacks. Nexusguard ensures uninterrupted internet service, visibility, optimization and performance. Nexusguard is focused on developing and providing the best cybersecurity solution for every client across a range of industries with specific business and technical requirements. Nexusguard also enables communications service providers to deliver DDoS protection solution as a service. Nexusguard delivers on its promise to provide you with peace of mind by countering threats and ensuring maximum uptime. Visit www.nexusguard.com for more information.
LONDON/NEW DELHI – News Direct – 11 October 2022 – Tech Mahindra, a leading provider of digital transformation, consulting, and business re-engineering services and solutions, today announced a strategic partnership with SoftTech, a provider of advanced digital solutions for the construction and civil infrastructure industry, to digitally transform the global construction and infrastructure industry. The partnership will combine the technological capabilities of Tech Mahindra and the domain expertise of SoftTech to provide customized solutions for end-to-end digital transformation of business in the construction and infrastructure industry.
The partnership will enable customers across the government and corporate sectors to streamline business operations, boost efficiency, and improve customer experience by leveraging leading-edge technologies like AI (Artificial Intelligence), ML (Machine Learning), BIM (Building Information Modelling), Digital Twins, Augmented Reality (AR), Virtual Reality (VR), Mixed Reality (MR), Construction Wearables, Robotics, Metaverse, and Internet of Things (IoT).
Jagdish Mitra,Chief Strategy Officer and Head of Growth, Tech Mahindra, said,“The construction industry contributes 13% to the global GDP, and is required to continuously re-invent and innovate to become more efficient and address cost burdens. The industry has taken valuable strides in digitization, and the many examples of successes have increased the demand for next-gen technologies. Tech Mahindra and SoftTech aim to build more sustainable and responsible solutions for social and environmental impacts within AEC (Architecture-Engineering-Construction) space. An innovative online inspection-approval system, ERP solution for the real estate and construction industries, an online building information model, etc. are among the strengths of our partnership”.
The partnership will further strengthen Tech Mahindra’s market position in the construction industry and empower organizations with seamless implementation and integration of digital solutions across departments, functions, and the workforce at the desk and on the field. Tech Mahindra and SoftTech will also work towards cross-skilling their resources through training programs for knowledge sharing on various tool implementations, scaling applications, etc., thereby creating a skilled talent pool for innovative and scalable solutions.
Vijay Gupta, Founder, Chairman and Managing Director at SoftTech, said, “We believe that the construction industry is at the cusp of undergoing a complete digital transformation, and our partnership with Tech Mahindra creates a great platform to cater to the needs of the industry. With Tech Mahindra’s industry-leading expertise in the manufacturing segment, the company has succeeded to scale the business upwards to cross a billion-dollar run-rate. We are confident that this, combined with their deep-tech capabilities in 5G and Metaverse, will provide our products scalability in terms of customer base and technical know-how, which will help deliver more value to international construction and infrastructure clients.”
Tech Mahindra believes in DigitALL philosophy for comprehensive Business Transformation. This partnership is in line with Tech Mahindra’s focus on digital growth, under the NXT.NOW™ framework, which aims to enhance ‘Human Centric Experience’, Tech Mahindra focuses on investing in emerging technologies and solutions that enable digital transformation and meet the evolving needs of the customer.
Hashtag: #SoftTech
About SoftTech
SoftTech offers innovative products and services to help drive digital solutions in the infrastructure and construction industry. Founded in 1996, SoftTech, a publicly listed entity in NSE and BSE, is equipped with 25+ years of industry expertise. SoftTech has empowered digital transformation in the construction and infrastructure industry through innovative software products. Leveraging the power of Artificial Intelligence (AI) with robust frameworks. SoftTech’s solutions are designed to drive higher productivity, increased efficiency, and substantial cost savings and help clients achieve their sustainability goals. SoftTech is powered by over 500 professionals including technologists, AEC specialists, and subject matter experts who drive our innovations and deliver value to customers. With a presence across India, US, UK, Singapore, and MENA, SoftTech has deeply engaged with clients to help them sustain and enhance their competitive edge by fundamentally transforming the status quo. More than 600 organizations and over 100,000 users are supported by SoftTech. More than 1 million building permits have been approved through SoftTech solutions covering more than 1 billion+ sq ft area. With ‘CIVIT’ as a platform, SoftTech has combined decades of deep domain understanding and solutioning to offer a suite of products that cater to the complete construction project life-cycle – starting from plan to permit to build and then operate.
Tech Mahindra offers innovative and customer-centric digital experiences, enabling enterprises, associates, and the society to Rise. We are a USD 6 billion organization with 158,000+ professionals across 90 countries helping 1262 global customers, including Fortune 500 companies. We are focused on leveraging next-generation technologies including 5G, Blockchain, Quantum Computing, Cybersecurity, Artificial Intelligence, and more, to enable end-to-end digital transformation for global customers. Tech Mahindra is the only Indian company in the world to receive the HRH The Prince of Wales’ Terra Carta Seal for its commitment to creating a sustainable future. We are the fastest growing brand in ‘brand strength’ and amongst the top 7 IT brands globally. With the NXT.NOW™ framework, Tech Mahindra aims to enhance ‘Human Centric Experience’ for our ecosystem and drive collaborative disruption with synergies arising from a robust portfolio of companies. Tech Mahindra aims at delivering tomorrow’s experiences today and believes that the ‘Future is Now’.
We are part of the Mahindra Group, founded in 1945, one of the largest and most admired multinational federation of companies with 260,000 employees in over 100 countries. It enjoys a leadership position in farm equipment, utility vehicles, information technology and financial services in India and is the world’s largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality, and real estate. The Mahindra Group has a clear focus on leading ESG globally, enabling rural prosperity and enhancing urban living, with a goal to drive positive change in the lives of communities and stakeholders to enable them to Rise.
HONG KONG, LONDON, NEW YORK, SINGAPORE – Media OutReach – 11 October 2022– Leading insurance group, Prudential plc (Prudential) and Google Cloud today announced a strategic partnership to enhance health and financial inclusion for communities across Asia and Africa.
Solmaz Altin, Managing Director, Strategic Business Group, Prudential
Under this alliance, Prudential will leverage Google Cloud’s data analytics capabilities, secure and sustainable infrastructure, and the broader Google ecosystem, to accelerate its digital transformation and to enhance user engagement of its health and wealth platform, Pulse. For Google Cloud, this partnership presents an opportunity to collaborate with a leading insurance provider to make protection, health and savings solutions simpler and more accessible across Asia and Africa.
Pulse is part of Prudential’s multi-channel strategy to make healthcare more accessible and increase financial inclusion. The app provides users with access to services such as health risk assessment and online doctor consultation to help them better manage their health needs, as well as digital wealth tools to make financial decisions simpler1. Pulse is available in 17 markets and 11 languages.
Solmaz Altin, Managing Director, Strategic Business Group, Prudential, said: “Across our markets, people are living longer, but not necessarily healthier and better. Harnessing technology, we want to empower people to live well for longer by making it easier for them to take care of their health and plan for their financial futures.
“Through this strategic partnership, we will leverage new technology solutions to make the Pulse platform more intelligent and engaging with the aim of reaching out to more people across Asia and Africa, in particular those who cannot easily access health and financial information and services.”
This announcement deepens the existing relationship between Prudential and Google that began in 2019. Prudential is using Google Maps in the Pulse application, and further projects with Google Health, Document AI and Fitbit are being explored to enhance efficiency, functionality and user engagement.
Prudential expects to benefit from Google’s suite of data analytics, artificial intelligence (AI) and machine learning tools such as Kubeflow, Looker, BigQuery and Vertex AI, to enhance customer interactions and to provide more personalised, accurate healthcare information and education to Pulse app users.
In the longer term, Prudential will look to adopt Google’s AI across a broader digital strategy to make accessing insurance simpler, to drive greater efficiency, and to increase agent productivity. For example, through technology such as advanced analytics and AI, Prudential aims to use data to help its agents better understand the needs of their customers. It is also looking to improve customer experience, by digitising the entire claims process, making submission, assessment, and approval more seamless and efficient.
“At Google Cloud, our aim is to help our enterprise customers use technology to deliver outstanding experiences for their customers,” said Thomas Kurian, CEO of Google Cloud. “Prudential is a significant partner of ours and a leading insurer that has been protecting lives for nearly 175 years globally. Our work together will make it easier for people to safeguard their health and protect their finances for the long term with digital tools that are accessible.”
Prudential has more than 530,000 agents across its 23 markets in Asia and Africa and over 170 bancassurance partners with access to circa 27,600 bank branches, serving more than 19 million customers2.
Notes: 1 Pulse’s health and wealth features/services vary in different markets 2 As at 30 Jun 2022
Hashtag: #Prudentialplc
About Prudential plc
Prudential plc provides life and health insurance and asset management in Asia and Africa. The business helps people get the most out of life, by making healthcare affordable and accessible and by promoting financial inclusion. Prudential protects people’s wealth, helps them grow their assets, and empowers them to save for their goals. The business has more than 19 million life customers and has dual primary listings on the Stock Exchange of Hong Kong (2378) and the London Stock Exchange (PRU). It also has a secondary listing on the Singapore Stock Exchange (K6S) and a listing on the New York Stock Exchange (PUK) in the form of American Depositary Receipts. It is also a constituent of the Hang Seng Composite Index.
Prudential is not affiliated in any manner with Prudential Financial, Inc. a company whose principal place of business is in the United States of America, nor with The Prudential Assurance Company Limited, a subsidiary of M&G plc, a company incorporated in the United Kingdom.
About Google Cloud Google Cloud accelerates every organisation’s ability to digitally transform its business. We deliver enterprise-grade solutions that leverage Google’s cutting-edge technology – all on the cleanest cloud in the industry. Customers in more than 200 countries and territories turn to Google Cloud as their trusted partner to enable growth and solve their most critical business problems.
Forward-looking statements This document may contain ‘forward-looking statements’ with respect to certain of Prudential’s (and its wholly and jointly owned businesses’) plans and its goals and expectations relating to its future financial condition, performance, results, strategy and objectives. Statements that are not historical facts, including statements about Prudential’s (and its wholly and jointly owned businesses’) beliefs and expectations and including, without limitation, statements containing the words ‘may’, ‘will’, ‘should’, ‘continue’, ‘aims’, ‘estimates’, ‘projects’, ‘believes’, ‘intends’, ‘expects’, ‘plans’, ‘seeks’ and ‘anticipates’, and words of similar meaning, are forward-looking statements. These statements are based on plans, estimates and projections as at the time they are made, and therefore undue reliance should not be placed on them. By their nature, all forward-looking statements involve risk and uncertainty.
A number of important factors could cause Prudential’s actual future financial condition or performance or other indicated results of the entity referred to in any forward-looking statement to differ materially from those indicated in such forward-looking statement. Such factors include, but are not limited to, current and future market conditions including fluctuations in interest rates and exchange rates, inflation (including interest rate rises as a response), sustained high or low interest rate environments, the performance of financial and credit markets generally and the impact of economic uncertainty, slowdown or contraction, (including as a result of the Russia-Ukraine conflict and related or other geopolitical tensions and conflicts) which may also impact policyholder behaviour and reduce product affordability, asset valuation impacts from the transition to a lower carbon economy, derivative instruments not effectively mitigating any exposures; global political uncertainties, including the potential for increased friction in cross-border trade and the exercise of laws, regulations and executive powers to restrict trade, financial transactions, capital movements and/or investment; the impact of Covid-19 outbreaks, including adverse financial market and liquidity impacts, responses and actions taken by governments, regulators and supervisors, the impact on sales, claims and assumptions and increased product lapses, disruption to Prudential’s operations (and those of its suppliers and partners), risks associated with new sales processes and technological and information security risks; the policies and actions of regulatory authorities, including, in particular, the policies and actions of the Hong Kong Insurance Authority, as Prudential’s Group-wide supervisor, as well as the degree and pace of regulatory changes and new government initiatives generally; given its designation as an Internationally Active Insurance Group, the impact on Prudential of systemic risk and other group supervision policy standards adopted by the International Association of Insurance Supervisors; the physical, social and financial impacts of climate change and global health crises on Prudential’s business and operations; the impact of not adequately responding to environmental, social and governance issues (including not properly considering the interests of Prudential’s stakeholders or failing to maintain high standards of corporate governance); the impact of competition and fast-paced technological change; the effect on Prudential’s business and results from, in particular, mortality and morbidity trends, lapse rates and policy renewal rates; the timing, impact and other uncertainties of future acquisitions or combinations within relevant industries; the impact of internal transformation projects and other strategic actions failing to meet their objectives or adversely impacting the Group’s employees; the availability and effectiveness of reinsurance for Prudential’s businesses; the risk that Prudential’s operational resilience (or that of its suppliers and partners) may prove to be inadequate, including in relation to operational disruption due to external events; disruption to the availability, confidentiality or integrity of Prudential’s information technology, digital systems and data (or those of its suppliers and partners) including the Pulse platform; any ongoing impact on Prudential of the demerger of Jackson Financial Inc.; the increased operational and financial risks and uncertainties associated with operating joint ventures with independent partners, particularly where joint ventures are not controlled by Prudential; the impact of changes in capital, solvency standards, accounting standards or relevant regulatory frameworks, and tax and other legislation and regulations in the jurisdictions in which Prudential and its affiliates operate; and the impact of legal and regulatory actions, investigations and disputes.
These and other important factors may, for example, result in changes to assumptions used for determining results of operations or re-estimations of reserves for future policy benefits. Further discussion of these and other important factors that could cause actual future financial condition or performance to differ, possibly materially, from those anticipated in Prudential’s forward-looking statements can be found under the ‘Risk Factors’ heading in Prudential’s 2021 Annual Report, the ‘Risk Factors’ heading in Prudential’s 2021 Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (“SEC”), the ‘Risk Factors’ heading in Prudential’s 2022 Half Year Financial Report and the ‘Risk Factors’ heading in Prudential’s 2022 Half Year Financial Report filed with the SEC on Form 6-K . Prudential’s 2021 Annual Report, and related Form 20-F, and 2022 Half Year Financial Report, and related Form 6-K, are available on its website at www.prudentialplc.com.
These factors are not exhaustive as Prudential operates in a continually changing business environment with new risks emerging from time to time that it may be unable to predict or that it currently does not expect to have a material adverse effect on its business. Any forward-looking statements contained in this document speak only as of the date on which they are made. Prudential expressly disclaims any obligation to update any of the forward-looking statements contained in this document or any other forward-looking statements it may make, whether as a result of future events, new information or otherwise except as required pursuant to the UK Prospectus Rules, the UK Listing Rules, the UK Disclosure Guidance and Transparency Rules, the Hong Kong Listing Rules, the SGX-ST Listing Rules or other applicable laws and regulations.
Cautionary statements This document does not constitute or form part of any offer or invitation to purchase, acquire, subscribe for, sell, dispose of or issue, or any solicitation of any offer to purchase, acquire, subscribe for, sell or dispose of, any securities in any jurisdiction nor shall it (or any part of it) or the fact of its distribution, form the basis of, or be relied on in connection with, any contract therefor.
DUBAI, UNITED ARAB EMIRATES – Media OutReach – 10 October 2022 – Oracle Red Bull Racing’s Max Verstappen seized the initiative on a wet and wild day at Japan’s Suzuka circuit to claim consecutive Formula 1 Drivers’ World Championship, cheered on by team partner, Bybit.
Bybit, the third most visited crypto exchange in the world, announced its partnership with Oracle Red Bull Racing in February this year, as Principal Team Partner, uniting two brands along shared values of creativity, innovation, and passion.
The Bybit team rejoiced as Verstappen overcame numerous challenges in difficult conditions and an ‘timed’ finish to the race. Despite the downpour and drama, Verstappen displayed the focus, tenacity, and flexibility to seal the win and join F1’s racing elite.
Since its inception, the Bybit / Oracle Red Bull Racing partnership has set records: it made history as the single largest per-annum crypto sponsorship in international sports at the time, and now Verstappen joins the pantheon of F1 greats with back-to-back wins.
Bybit has been a proud partner and supporter of Oracle Red Bull Racing throughout the season and our relationship and synergies continue to grow: Oracle Red Bull Racing use of the latest technology and racing paradigms to level-up its performance fits perfectly with Bybit’s own capabilities in financial technology and innovation. While the sense of community from each partner’s fan base adds passion to the professionalism.
“Max’s dramatic win on Sunday was a joy to watch, it was an outstanding feat of focus, endurance, and team spirit,” said Ben Zhou, co-founder and CEO of Bybit. “On behalf of Bybit’s 10-million-strong family, I would like to offer our warmest congratulations to Max and our like minded partners at the Oracle Red Bull Racing. As for the future, I see F1 and crypto fans uniting to unleash a worldwide force that accelerates the drive to a decentralized future and Web 3.0.”
Hashtag: #Bybit
About Bybit
Bybit is a cryptocurrency exchange established in March 2018 to offer a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service and multilingual community support. The company provides innovative online spot and derivatives trading services, mining and staking products, as well as API support, to retail and institutional clients around the world, and strives to be the most reliable exchange for the emerging digital asset class. Apart from Oracle Red Bull Racing, Bybit also sponsors esports teams like NAVI, Alliance, Astralis and Virtus.pro; German soccer club Borussia Dortmund and Japanese soccer club Avispa Fukuoka.
Bybit users can make more efficient use of their assets and earn extra income via the crypto exchange’s passive income and trading products.
VICTORIA, SEYCHELLES – Media OutReach – 10 October 2022 – Bybit, the world’s third most visited crypto exchange, today launched its Crypto Loans service, which provides the platform’s 10 million users access to collateralized loans allowing them the freedom to manage their own capital efficiency.
Bybit’s Crypto Loans allow users to access liquidity without needing to sell their cryptocurrency. Instead, they can use their digital assets as collateral to borrow popular coins like BTC, ETH, and or XRP, as well as stablecoins like USDT and USDC.
Bybit Crypto Loans come with a host of advantages: loaned funds are available immediately and can be repaid at any time with no penalties; they come with excellent interest rates and there are even preferential rates available. Finally, paying back the loan is a matter of a few simple clicks.
The ability to take out loans against idle funds allows investors to make their capital work harder, go further, and maximize opportunity costs. It also provides the ability to hedge portfolios and take out short, and delta-neutral positions.
For example, Bybit users who don’t want to sell their assets can take out a loan to perform a short-term trade, buy a passive income product from Bybit Earn that earns a higher rate of interest than the cost of the loan, or even withdraw the funds to spend elsewhere. In particular, USDT Perpetual traders can increase their Position Margin by collateralizing their assets and borrowing USDT to add to their margin.
“There are vast opportunities for our investors in this bear market,” said Ben Zhou, co-founder and CEO of Bybit. “Bybit Crypto Loans provide maximum flexibility. Savvy users can now put their stablecoin and crypto stacks to work to increase their crypto asset holdings, and take advantage of the many trading and passive income opportunities available on Bybit and beyond.”
Hashtag: #Bybit
About Bybit
Bybit is a cryptocurrency exchange established in March 2018 that offers a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service and multilingual community support. Bybit is a proud partner of Formula One racing team, Oracle Red Bull Racing, esports teams NAVI, Astralis, Alliance, Virtus.pro, Made in Brazil (MIBR), City Esports, and Oracle Red Bull Racing Esports, and association football (soccer) teams Borussia Dortmund and Avispa Fukuoka.
Road accidents across Laos in September | Laos Security News Website
According to recent data from the Lao Ministry of Public Security, 62 persons were killed and 750 others were wounded in road accidents in Laos in September.