Astralis

Bybit surges despite Bear Market

Retrieved on: 
Friday, February 3, 2023

Bybit Surges Despite Bear Market: CEO Ben Zhou Speaks About the Power of ‘Quiet Growth’

Key Points: 
  • Bybit Surges Despite Bear Market: CEO Ben Zhou Speaks About the Power of ‘Quiet Growth’
    DUBAI, United Arab Emirates | February 03, 2023 05:00 AM Eastern Standard Time
    In the face of a bear market, crypto exchange Bybit has continued to surge ahead, achieving fivefold growth in futures trading volume from $2.8 billion to $13.8 billion year to date, according to CoinGecko .
  • The surge cemented Bybit's leading position in the crypto derivatives arena having captured the second-highest market share for perpetual and futures contract trading volume.
  • The report also noted that Bybit grew its overall market share in each quarter in 2022, despite the bear market.
  • “For Bybit, not only are we confident in our ability to weather future downturns, but we have also proven that we can use the opportunities offered in a bear market to come out even stronger.”
    “New ideas often come with misconceptions,” Zhou said.

Trading, Simplified: Bybit Launches Unified Trading Account, Transforming the Trading Experience for Investors

Retrieved on: 
Thursday, February 2, 2023

Trading, Simplified: Bybit Launches Unified Trading Account, Transforming the Trading Experience for Investors

Key Points: 
  • Trading, Simplified: Bybit Launches Unified Trading Account, Transforming the Trading Experience for Investors
    Trading, Simplified: Bybit Launches Unified Trading Account, Transforming the Trading Experience for Investors
    DUBAI, United Arab Emirates | January 25, 2023 05:21 AM Eastern Standard Time
    Bybit, the third most visited cryptocurrency exchange in the world, is excited to announce the launch of its new unified trading account (UTA), allowing investors to trade across multiple markets from one account.
  • Bybit's UTA is an all-in-one upgrade optimized for a seamless trading experience for traders.
  • It provides all clients with a unified margin account, which makes it easier for investors to diversify their trades and orchestrate their trading strategy.
  • The UTA also supports trading across five products: spot trading, margin trading, USDT perpetual, USDC perpetual and USDC options with more to come.

Sail Into Web3 With the Crypto Ark: Bybit Looks Ahead in Year End Keynote Address

Retrieved on: 
Sunday, January 22, 2023

Sail Into Web3 With the Crypto Ark: Bybit Looks Ahead in Year End Keynote Address

Key Points: 
  • Sail Into Web3 With the Crypto Ark: Bybit Looks Ahead in Year End Keynote Address
    Sail Into Web3 With the Crypto Ark: Bybit Looks Ahead in Year End Keynote Address
    Dubai, United Arab Emirates | January 05, 2023 08:45 AM Eastern Standard Time
    Ben Zhou, co-founder and CEO of Bybit, the third most visited cryptocurrency exchange in the world, shared Bybit's journey in becoming a Crypto Ark and a gateway to empower users to level up to Web3 in a candid exchange at a virtual event last week.
  • In a rollercoaster year that saw many peees succumb to market adversity, Bybit delivered its “Best 10”:
    Brand 3.0 for Web 3.0.
  • Over half a million new users started their crypto journey on Bybit with the exchange’s zero fees campaign in 2022.
  • He said the idea behind Bybit's Web3 push was to enable users to explore more with fewer clicks, starting with the Bybit Web3 Wallet.

Bybit launchpad 2.0 announces medieval empires

Retrieved on: 
Sunday, January 22, 2023

Bybit, the third most visited crypto exchange in the world, will list MEE, the utility token of Web3 strategy game Medieval Empires, on Bybit Launchpad 2.0.

Key Points: 
  • Bybit, the third most visited crypto exchange in the world, will list MEE, the utility token of Web3 strategy game Medieval Empires, on Bybit Launchpad 2.0.
  • Bybit will host the initial exchange offering for Medieval Empires on Bybit Launchpad 2.0, a freshly revamped platform connecting communities to groundbreaking blockchain projects, with the full spot listing scheduled for Dec. 19.
  • Bybit Launchpad 2.0 gives users early access to some of the most sought-after tokens in the space.
  • Medieval Empires has recently completed a $2.1 Million seed round.

Bybit launches revamped broker program

Retrieved on: 
Sunday, January 22, 2023

DUBAI, United Arab Emirates | January 10, 2023 05:15 AM Eastern Standard Time

Key Points: 
  • DUBAI, United Arab Emirates | January 10, 2023 05:15 AM Eastern Standard Time
    Bybit, the world’s third most visited crypto exchange, has revamped its broker rebate program to create the best rewards in the industry.
  • From Jan. 10, 2023, 10AM UTC, all spot trading fees generated from the broker platform on Bybit will be returned via a 100% rebate — the highest for any crypto exchange.
  • Bybit’s broker program gives professional traders who trade via API key the opportunity to leverage world-class crypto trading solutions and realize success in a competitive marketplace.
  • “With this best-in-market, 100% rebate offer for our spot trading platform, Bybit again demonstrates our commitment to supporting brokers and creating a mutually beneficial arrangement for all,” said Ben Zhou co-founder and CEO of Bybit.

Bybit: Crypto Options

Retrieved on: 
Sunday, January 22, 2023

Dubai, United Arab Emirates | December 20, 2022 06:33 AM Eastern Standard Time

Key Points: 
  • Dubai, United Arab Emirates | December 20, 2022 06:33 AM Eastern Standard Time
    Bybit , the world’s third most visited crypto exchange, has hosted a three-part panel featuring leading voices in the crypto industry aimed at capturing recent momentum in the crypto derivative market.
  • Co-founder and CEO of Bybit, Ben Zhou’s opening remarks retraced the crypto exchange's "crazy and long journey" that began during the crypto winter of 2018.
  • “On a derivatives platform, especially in options, your debt stays with the contract so trust is extremely important.”
    “I am confident in the growth of options,” said Simon Nursey, head of derivatives at QCP Capital.
  • The exchange initially focused on perpetual contracts built for advanced traders, but has since expanded its product range to cover the full spectrum of crypto markets ranging from spot to options.

Bybit Enables Merkle Tree Verification for Proof of Reserves

Retrieved on: 
Sunday, December 18, 2022

The system uses Merkle Tree to enable users to quickly verify their assets deposited in Bybit and authenticates that Bybit holds all the users assets 1:1.

Key Points: 
  • The system uses Merkle Tree to enable users to quickly verify their assets deposited in Bybit and authenticates that Bybit holds all the users assets 1:1.
  • With the release of the Merkle Tree, Bybit has further demonstrated its robust finances and commitment to full transparency.
  • Users can use their Merkle Leaf code to check that their assets are recorded as liabilities in Bybit’s reserves.
  • Direct Proof of Reserves verification is available to all users with equity in the following:
    Funding accounts, which include crypto holdings and balances held in “Bybit Earn” products.

Bybit Launchpad 2.0 Announces Medieval Empires

Retrieved on: 
Sunday, December 18, 2022

Bybit, the third most visited crypto exchange in the world, will list MEE, the utility token of Web3 strategy game Medieval Empires, on Bybit Launchpad 2.0.

Key Points: 
  • Bybit, the third most visited crypto exchange in the world, will list MEE, the utility token of Web3 strategy game Medieval Empires, on Bybit Launchpad 2.0.
  • Bybit will host the initial exchange offering for Medieval Empires on Bybit Launchpad 2.0, a freshly revamped platform connecting communities to groundbreaking blockchain projects, with the full spot listing scheduled for Dec. 19.
  • Bybit Launchpad 2.0 gives users early access to some of the most sought-after tokens in the space.
  • Medieval Empires has recently completed a $2.1 Million seed round.

Bybit Announces $100 Million Support Fund for Institutional Clients

Retrieved on: 
Monday, November 28, 2022

The fund will offer a helping hand to Bybits dedicated institutional clients with a maximum of up to $10 million per client available and is intended to support the industry as the fallout from recent events continues.

Key Points: 
  • The fund will offer a helping hand to Bybits dedicated institutional clients with a maximum of up to $10 million per client available and is intended to support the industry as the fallout from recent events continues.
  • Bybit says it will use the fund to support any of its institutional clients that require it.
  • In addition to the support fund, Bybit will also provide dedicated account managers to provide support with the application once the client has become a verified KYB (Know Your Business) user.
  • Bybit took the decision to help strengthen market makers and institutional clients given their importance to the broader market.

Bybit CEO Lays Out His Transparency Roadmap

Retrieved on: 
Friday, November 18, 2022

Ben Zhou speaks out about transparency, and why a blockchain-based world is inevitable

Key Points: 
  • Zhou made his remarks after laying out a comprehensive framework designed to re-establish trust and commit to comprehensive, industry-wide transparency.
  • He said Bybit is now engaged in developing this fully transparent solution to show its reserves in real-time using an independently-audited Merkle tree.
  • Bybit is also engaging a reputable auditor to prove its reserves and audit the company's books and operations.
  • Bybit has always been a supporter of affordable and accessible financial access for all.