Bybit, the world’s second-largest cryptocurrency trade by buying and selling quantity, proudly marks its sixth anniversary, celebrating a journey of innovation, resilience, and progress that has redefined the cryptocurrency panorama.
Bybit’s meteoric rise within the cryptocurrency world is mirrored in its outstanding achievements. Over the previous yr, Bybit’s registered person base has tripled from 20 million throughout its fifth anniversary to just about 60 million because it celebrates its sixth anniversary, a testomony to the platform’s capability to draw and retain a quickly rising international viewers. Bybit now averages $33 billion in each day buying and selling quantity over the previous quarter, , with an all-time-high buying and selling quantity of $100 billion recorded in August 2024. This progress has catapulted Bybit to the second spot in spot market share, rising from seventh place final yr with 3.2% to eight.51% in 2024. Bybit has additionally seen important progress within the derivatives market, rising its share from 6% to fifteen%, a testomony to its sturdy choices and strategic developments.
Reflecting on Bybit’s unimaginable transformational journey, Ben Zhou, Co-founder and CEO of Bybit, remarked:
“Bybit’s journey is a narrative of transformation. Over the previous six years, we’ve got not solely achieved milestones but in addition reimagined what’s attainable within the crypto business. At Bybit, we’re pushed by a dedication to innovation, belief, and inclusivity, shaping the way forward for Web3 and empowering tens of millions to take part within the digital economic system. Collectively, we’re constructing a world the place alternatives are limitless.”
Innovation as a Transformational Driving Power
Innovation has been a cornerstone of Bybit’s success. The platform has launched transformative merchandise like bbSOL, the primary exchange-backed LST token on its Web3 staking platform, and DEX Professional, a complicated decentralized buying and selling resolution that bridges the hole between centralized and decentralized exchanges. These developments had been showcased in the course of the 2024 WSOT DEX Wave, which highlighted Bybit’s capability to combine CEX and DEX platforms seamlessly.
Trailblazing the Web3 Ecosystem
Bybit’s management within the Web3 ecosystem is additional evident in its rising market share throughout the TON ecosystem, which elevated from 3% at the beginning of 2023 to 17% in late 2024.The trade has additionally strengthened its presence within the Web3 area, with its share of the TON ecosystem hovering from 3% in early 2023 to 17% in late 2024. This outstanding progress underscores Bybit’s dedication to delivering state-of-the-art options tailor-made to an evolving crypto panorama.
Earlier this yr, Bybit turned the primary trade to finish the Catizen ($CATI) tokens by way of an airdrop, a part of the Telegram-based tap-to-earn sport Catizen. Bybit’s capability to deal with complicated airdrop operations demonstrates its technical infrastructure’s energy and dedication to advancing Web3 alternatives.
World Compliance and Neighborhood Dedication
Bybit’s compliance-first method has been pivotal in securing licenses throughout main jurisdictions, together with Argentina, the Netherlands, Kazakhstan, Georgia, Lithuania, Turkey, Dubai and amongst others. Demonstrating its dedication to inclusivity and innovation, Bybit turned the primary international crypto trade to introduce Sharia-compliant islamic accounts, making its companies accessible to a broader vary of communities. These initiatives foster stronger connections and mirror Bybit’s mission to create a trusted and vibrant web3 ecosystem for the worldwide customers.
Bybit continues to strengthen its dedication to fostering a vibrant and engaged blockchain group. In 2024, the corporate made notable strides by actively contributing to the Blockchain for Good Alliance (BGA), onboarding over 100 companions, and attracting greater than 1,000 individuals to its newest hackathon. To have a good time distinctive achievements, the BGA Web3 Oscar Awards had been not too long ago held in Bangkok, recognizing seven initiatives that exemplify the alliance’s mission to harness blockchain know-how for a sustainable future. Moreover, Bybit’s Crypto Content material Creator Campus 2024 introduced collectively over 200 creators, with Bybit, because the title sponsor, enjoying a vital function in empowering the following wave of crypto content material innovators.
As Bybit celebrates its sixth anniversary, it stays steadfast in its mission to “Construct, Remodel, and Supercharge” the crypto and Web3 ecosystem. Bybit’s journey of innovation and belief guarantees a daring future because it continues to steer the cost in shaping the digital economic system.
#Bybit / #Super6Bybit
About Bybit
Bybit is the world’s second-largest cryptocurrency trade by buying and selling quantity, serving over 50 million customers. Established in 2018, Bybit gives knowledgeable platform the place crypto traders and merchants can discover an ultra-fast matching engine, 24/7 customer support, and multilingual group assist. Bybit is a proud associate of Components One’s reigning Constructors’ and Drivers’ champions: the Oracle Pink Bull Racing workforce.
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