Bybit
Basic Information about Bybit
| Year Established | 2018 |
| Website | bybit.com |
| Rank | 2 |
| Country | British Virgin Islands |
| Has Trading Incentive | No |
| Centralized | Yes |
Coins & Trading Pairs Available on Bybit
| Coin | Pair | Volume | Volume (BTC) | Volume (USD) | Volume % |
|---|---|---|---|---|---|
| Bitcoin | BTC/USDT | 23,557 | Ƀ 23,929 | $1,535,135,281 | 29.00% |
| Bitcoin | BTC/USDC | 10,782 | Ƀ 10,935 | $701,566,059 | 13.25% |
| Ethereum | ETH/USDT | 214,907 | Ƀ 10,541 | $676,257,118 | 12.78% |
| Ethereum | ETH/USDC | 179,287 | Ƀ 8,803 | $564,772,588 | 10.67% |
| Solana | SOL/USDT | 2,947,864 | Ƀ 6,695 | $429,529,889 | 8.11% |
| Ripple | XRP/USDT | 414,286,340 | Ƀ 3,225 | $206,921,741 | 3.91% |
| Usd Coin | USDC/USDT | 164,669,650 | Ƀ 2,565 | $164,584,508 | 3.11% |
| Dogecoin | DOGE/USDT | 997,471,753 | Ƀ 2,447 | $157,003,341 | 2.97% |
| Ondo Finance | ONDO/USDT | 141,645,407 | Ƀ 2,005 | $128,652,914 | 2.43% |
| Ethena | ENA/USDT | 80,559,466 | Ƀ 1,454 | $93,256,049 | 1.76% |
What is Bybit?
Bybit is a cryptocurrency exchange and trading platform that specializes in derivatives products. It was founded in 2018 and is headquartered in the British Virgin Islands, with additional offices in Singapore, Hong Kong, and Taiwan. Bybit allows users to engage in leveraged trading, opening long and short positions on supported cryptocurrencies without owning the underlying assets.
The platform offers various trading options, including spot trading, margin trading, futures contracts, options, and recently introduced support for non-fungible tokens (NFTs). Bybit provides leverage options for users looking to amplify their trading gains, but it is important to note that leverage trading carries high risks, and caution is advised.
Bybit supports a wide range of cryptocurrency pairs for spot trading, including popular cryptocurrencies such as BTC, ETH, LINK, USDT, USDC, LUNA, SOL, and DOGE. The platform also offers margin trading with up to 100x leverage on crypto derivatives products. Bybit has a fast matching engine and comprehensive customer support to cater to the needs of its users.
It is worth mentioning that Bybit has faced regulatory considerations and is not accessible to users in the United States. The platform reserves the right to implement Know Your Customer (KYC) verification for higher withdrawal limits, although users can withdraw up to 2 BTC per day without identity verification.
Bybit has gained significant popularity and currently serves over 10 million users. The exchange has organized various trading competitions and has entered sponsorship deals with esports organizations, including collaborations with Red Bull Racing, NAVI, Virtus.pro, Astralis, and Alliance.