Bybit Sets Industry Benchmark with Full Disclosure of Liquidation Data

Bybit, the world's second-largest cryptocurrency exchange by trading volume, has launched an industry-first initiative by making all liquidation data fully

Dubai, United Arab Emirates, 21st February, 2025, Chainwire

In response to the crypto community's demand for greater openness, Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has taken a bold step by making all liquidation data fully accessible to the public via its enhanced API. This move marks a significant shift in the industry, providing institutional investors, analysts, and traders with real-time, granular insights into market dynamics—a critical edge in the fast-evolving crypto landscape.

Previously, the exchange offered a limited WebSocket stream of liquidation data, restricted to one message per symbol per second. However, this initiative sees the introduction of a new WebSocket topic, “All Liquidations,” which broadcasts liquidation data every 500 milliseconds. This upgrade ensures that every liquidation event is captured and disclosed without delay.

"The real spirit of crypto is transparency. By making all liquidation data fully public, we are responding to the crypto community's demand for openness,” said Ben Zhou, co-founder and CEO of Bybit. “This initiative ensures that traders and analysts can access complete and real-time market data, empowering them with the insights they need."

Unmasking Market Realities

In recent statements, Ben highlighted the importance of accurate liquidation data, noting that previously reported figures across the industry did not fully capture the true scale of market activity due to API limitations. Now, traders will be able to obtain a more complete and transparent view of market conditions as the exchange ensures that all liquidation events are fully disclosed in real-time.

This initiative also brings measurable benefits for the crypto investment community:

The move is already reshaping the industry. Bybit’s transparency initiative is already making waves across the industry, prompting CoinGlass, a leading cryptocurrency analytics platform, to integrate Bybit’s newly available liquidation data into its interface, allowing users to visualize and analyze market events with unparalleled accuracy.

A Catalyst for Institutional Confidence

As institutional adoption of cryptocurrencies accelerates, Bybit’s commitment to radical transparency signals a maturing market, primed for institutional capital. By providing a reliable data foundation, Bybit strengthens its appeal to hedge funds, asset managers, and trading firms seeking a trusted partner in the crypto space.

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

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