Bybit Celebrates Six Years of Transformational Growth

Cryptocurrency exchange Bybit marks its 6th anniversary with impressive milestones and a celebration of innovation, trust, and inclusivity. Having begun with a small team in 2018, Bybit has rapidly ascended to become the world’s second-largest crypto exchange by trading volume, thanks to its dedication to providing a seamless and secure trading experience.

Over the past year, Bybit’s registered user base has nearly tripled, growing from 20 million during its 5th anniversary to close to 60 million now. This remarkable achievement showcases Bybit’s ability to attract and retain a rapidly expanding global audience.

Bybit now averages $33 billion in daily trading volume over the past quarter, reaching an all-time-high trading volume of $100 billion in August 2024. This growth has propelled Bybit to the second spot in spot market share, rising from 7th place last year with 3.2% to 8.51% in 2024. In the derivatives market, Bybit has also made significant progress, increasing its share from 6% to 15%, highlighting its robust offerings and strategic advancements.

“Bybit’s journey is a story of transformation. Over the past six years, we have not only achieved milestones but also reimagined what’s possible in the crypto industry. At Bybit, we’re driven by a commitment to innovation, trust, and inclusivity, shaping the future of Web3 and empowering millions to participate in the digital economy. Together, we’re building a world where opportunities are limitless,” said Ben Zhou, Co-founder and CEO of Bybit, reflecting on the company’s incredible journey.

Innovation has been a key driving force behind Bybit’s success. The platform has introduced groundbreaking products like bbSOL, the first exchange-backed LST token on its Web3 staking platform, and DEX Pro, an advanced decentralized trading solution that bridges the gap between centralized and decentralized exchanges. These developments were showcased during the 2024 WSOT DEX Wave, highlighting Bybit’s ability to integrate CEX and DEX platforms seamlessly.

Bybit's presence within the TON ecosystem has also grown significantly, with the exchange now commanding 17% of the market share, up from 3% at the beginning of 2023. This remarkable growth underscores Bybit's commitment to delivering state-of-the-art solutions tailored to an evolving crypto landscape.

Earlier this year, Bybit became the first exchange to handle the completion of Catizen ($CATI) tokens through an airdrop, part of the Telegram-based tap-to-earn game Catizen. This demonstrates Bybit's strong technical infrastructure and commitment to advancing Web3 opportunities.

Bybit's compliance-first approach has secured licenses across major jurisdictions, including Argentina, the Netherlands, Kazakhstan, Georgia, Lithuania, Turkey, Dubai and among others. In a first for global crypto exchanges, Bybit introduced Sharia-compliant islamic accounts, making its services accessible to a broader range of communities. These initiatives foster stronger connections and contribute to Bybit's mission of creating a trusted and vibrant web3 ecosystem for the global users.

In 2024, the company made notable contributions to the Blockchain for Good Alliance (BGA) by onboarding over 100 partners and attracting more than 1,000 participants to its latest hackathon. To celebrate exceptional achievements, the BGA Web3 Oscar Awards were held in Bangkok, recognizing seven projects that exemplify the alliance's mission to harness blockchain technology for a sustainable future. Additionally, Bybit's Crypto Content Creator Campus 2024 brought together over 200 creators, with Bybit, as the title sponsor, playing a crucial role in empowering the next wave of crypto content innovators.

As Bybit celebrates its 6th anniversary, it remains steadfast in its mission to “Build, Transform, and Supercharge” the crypto and Web3 ecosystem. Bybit's journey of innovation and trust promises a bold future as it continues to lead the charge in shaping the digital economy.

#Bybit / #Super6Bybit

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

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