Bybit, founded in March 2018, offers a professional platform with ultra-fast trading. With over 10 million users, it provides access to 100+ assets, including Bitcoin, and features derivatives, launchpads, NFTs, and more, catering to traders worldwide.
Discover Bybit, a leading cryptocurrency exchange platform offering seamless trading experiences for Bitcoin and crypto enthusiasts. With a robust suite of products including spot and derivatives trading, NFT marketplace, Bybit Earn, and more, it’s the go-to choice for over 10 million users worldwide. Partnered with Formula One’s Oracle Red Bull Racing and top esports teams, Bybit delivers excellence in crypto trading and beyond
- Access to over 100 assets and contracts across Spot and crypto derivatives
- Offering various products including Futures, Options, NFT Marketplace, and more
- Professional platform with an ultra-fast matching engine
- Quality customer service and multilingual community support
- Learning curve for beginners in understanding derivatives trading
- Dependence on internet connectivity and platform uptime
- Possible regulatory changes affecting cryptocurrency exchanges
- Security concerns due to the risk of cyberattacks and hacking
In March 2018, Ben Zhou founded Bybit. Initially, Bybit started as a cryptocurrency derivatives platform, offering perpetual contracts to traders. Its operations span globally, serving jurisdictions worldwide except for the United States, mainland China, Singapore, Quebec (Canada), and a few others. Bybit provides cryptocurrency trading, passive income products, an NFT marketplace, token issuance platform, and institutional services.
In November 2019, Bybit organized the Bitcoin trading competition, BTC Brawl. Since 2020, Bybit has been hosting the annual “World Series of Trading” (WSOT). In November 2020, the German football club, Borussia Dortmund, signed a partnership agreement with Bybit.
In May 2021, Bybit introduced the ByFi Center (now renamed Bybit Earn), providing access to DeFi products or staking for crypto users. Bybit ventured into spot trading starting from July 15, 2021. In August 2021, Bybit signed esports agreements with NAVI, Virtus.pro, Astralis, and Alliance. In September, Bybit collaborated with BitDAO (BIT) to launch the Bybit Launchpad platform, targeting Bybit users who have completed KYC procedures to ensure compliance with local regulations.
In July 2021, Bybit partnered with identity verification provider Sumsub to develop its identity verification feature.
Conclusion
In conclusion, Bybit has emerged as a prominent player in the cryptocurrency trading industry since its inception in 2018. With a focus on providing innovative products and services, Bybit has expanded its offerings to cater to the evolving needs of traders worldwide. From its origins as a derivatives platform to its foray into spot trading, DeFi, NFTs, and institutional services, Bybit continues to push the boundaries of what’s possible in the crypto space. With partnerships with leading sports and esports teams, as well as initiatives like the World Series of Trading, Bybit has cemented its position as a dynamic and forward-thinking platform in the ever-changing landscape of digital finance.
