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Tags: Institutions
To strengthen stability and risk controls for Crypto Loan manual repayments, we're upgrading:
• How we calculate coin-conversion repayment fees
• The repayment limit for coin-conversion repayments
This update takes effect Jan 28, 2026, 8AM UTC. Review the changes below.
1) Coin-conversion repayment fee rule
When you repay Crypto Loan debt using collateral via coin conversion, we’ll apply the higher fee rate:
Actual coin-conversion repayment fee rate = max (collateral asset coin-conversion fee rate, debt asset coin-conversion fee rate)
Example
If you use BTC collateral to repay a USDT debt, the fee rate charged is the higher of BTC’s and USDT’s coin-conversion fee rates.
Applies to
• Single-asset manual repayment
• Full manual repayment
Check coin-conversion fee rates
https://docs.google.com/spreadsheets/d/1s10W8JhiUGDGlOI1uveor5VuaPkNxAUWZXGAYurJ2nw/edit?gid=0#gid=0
2) Repayment amount limit
To manage the market impact of large coin-conversion repayments, we’re introducing a per-repayment limit for the functions below.
Initial limit: 300,000 USD-equivalent per repayment
Future updates: We may adjust this limit based on market conditions, liquidity and risk controls. Any changes will be announced in advance.
2.1 Single-asset repayment
If the USD-equivalent amount you need to repay for a single debt asset (via coin conversion) reaches or exceeds the system limit:
We first use your available balance of the same asset for direct repayment.
After that:
• If the remaining debt reaches or exceeds the system limit, Single-asset repayment can’t be used for this repayment.
• If the remaining debt is below the system limit, repayment is allowed. Coin conversion applies only to the shortfall.
2.2 Full repayment
If the USD-equivalent total of all debts you need to repay (via coin conversion) reaches or exceeds the system limit:
We first use your available balances of each debt asset for direct repayment (converted to USD-equivalent and summed).
After that:
• If the remaining total debt reaches or exceeds the system limit, Full repayment can’t be used.
• If the remaining total debt is below the system limit, repayment is allowed. Coin conversion applies only to the shortfall.
Example
Coin-conversion limit: 300,000 USD-equivalent
User debts and balances
• Debt: 320,000 USDT | Wallet: 60,000 USDT
• Debt: $100,000 equivalent in ETH | Wallet: $40,000 equivalent in ETH
Single-asset repayment (USDT only)
Coin-conversion amount = 320,000 − 60,000 = $260,000 equivalent
Below the limit → Single-asset repayment is allowed
Full repayment (USDT + ETH)
• USDT: 320,000 − 60,000 = 260,000
• ETH: 100,000 − 40,000 = 60,000
Total coin-conversion amount = $320,000 equivalent
Above the limit → Full repayment isn’t allowed
3) If you hit the limit
If your coin-conversion repayment amount reaches the system limit, you can still repay by:
• Buying the debt asset on the spot market manually
• Waiting for the asset to be credited to your wallet
• Using single-asset repayment or full repayment to complete repayment
Thank you for your continued support.
Source: Bybit Official Announcement — originally published on Fri, 23 Jan 2026 08:30:00 GMT.
