Bybit is a cryptocurrency exchange founded in 2018. Its headquarters is located in Dubai, United Arab Emirates. As of October 2021, it had over 10 million registered users globally.
In March 2018, Ben Zhou founded Bybit. Initially, Bybit was a cryptocurrency derivatives platform offering perpetual contracts to traders. Its operations span globally, excluding the United States, mainland China, Singapore, Quebec (Canada), and some other jurisdictions.
Bybit offers cryptocurrency trading, passive income products, an NFT marketplace, token issuance platform, and institutional services.
Key Milestones and Features:
November 2019: Organized the BTC Brawl trading competition.
Since 2020: Annual World Series of Trading (WSOT) competition.
November 2020: Partnership with German football club Borussia Dortmund.
May 2021: Launched ByFi Center (now Bybit Earn) for DeFi and staking products.
July 2021: Introduced spot trading.
August 2021: Signed esports agreements with NAVI, Virtus.pro, Astralis, and Alliance.
September 2021: Launched Bybit Launchpad platform in collaboration with BitDAO (BIT).
July 2021: Partnered with Sumsub for identity verification services.
Additional Information:
Trading Products: Bybit offers a wide range of trading products, including spot trading, futures contracts, options, and leveraged tokens.
User Interface: Known for its user-friendly interface, making it accessible for both beginners and experienced traders.
Security: Implements strong security measures, including multi-signature cold wallets and real-time risk management systems.
Mobile App: Offers a comprehensive mobile app for iOS and Android, allowing users to trade on-the-go.
Education: Provides extensive educational resources, including trading guides, market analysis, and webinars.
Customer Support: Offers 24/7 multilingual customer support through various channels.
Liquidity: Known for its deep liquidity, especially in its derivatives markets.
Fees: Competitive fee structure with various ways to reduce trading fees, including holding platform tokens.
Regulatory Compliance: Continues to work on obtaining licenses in various jurisdictions to ensure compliance with local regulations.
Innovation: Regularly introduces new features and products to stay competitive in the rapidly evolving cryptocurrency market.
Bybit has quickly become one of the leading cryptocurrency exchanges globally, known for its robust trading engine, diverse product offerings, and commitment to user experience and security.
