MIBR

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.

Bybit Kicks Off World Cup Fever with Crypto Fan Token Competition

Retrieved on: 
Sunday, November 27, 2022

VICTORIA, SEYCHELLES - Media OutReach - 18 November 2022 - Bybit, one of the worlds fastest growing crypto exchanges, is giving away 300,000 in USDT to celebrate this years World Cup .

Key Points: 
  • VICTORIA, SEYCHELLES - Media OutReach - 18 November 2022 - Bybit, one of the worlds fastest growing crypto exchanges, is giving away 300,000 in USDT to celebrate this years World Cup .
  • Soccer fans around the world can now celebrate the fiesta by supporting their favorite clubs in Bybits Fan Token Trophy competition on Nov. 18, 2022.
  • Bybit boasts one of the most extensive fan token selections in the market including tokens issued by legendary soccer teams such as Paris St. Germain, Barcelona, Juventus, AC Milan, Inter Milan, Arsenal, and Manchester City.
  • To celebrate World Cup 2022, all Bybit users who accumulate a trading volume of $100 or over trading any of the fan tokens stand to win a share of the massive prize pool.

Bybit NFT Marketplace Sees Scorching Success

Retrieved on: 
Sunday, November 27, 2022

DUBAI, United Arab Emirates | November 22, 2022 06:24 AM Eastern Standard Time

Key Points: 
  • DUBAI, United Arab Emirates | November 22, 2022 06:24 AM Eastern Standard Time
    The Bybit NFT Marketplace is celebrating a series of outstanding achievements as it ramps up for even more success in 2023.
  • The Bybit NFT Marketplace is a one-stop destination for listing and trading NFTs, that cover digital art, collectibles, GameFi, the metaverse, and more.
  • In August, Bybit announced the launch of its brand-new specialized NFT portal GrabPic, allowing it to bring even more affordable NFT launches to its users.
  • The same week, Bybit scooped the award for Best NFT Marketplace at the Middle East Blockchain Awards in Abu Dhabi.

Bybit CEO Lays Out His Transparency Roadmap

Retrieved on: 
Sunday, November 27, 2022

Zhou made his remarks after laying out a comprehensive framework designed to re-establish trust and commit to comprehensive, industry-wide transparency.

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 companys books and operations.
  • Bybit has always been a supporter of affordable and accessible financial access for all.

Bybit Strengthens Compliance and Risk Processes

Retrieved on: 
Friday, November 18, 2022

This cutting-edge security technology will allow Bybit to better identify, deter, defend, report, and act against potential intruders, attempted money laundering, and account theft.

Key Points: 
  • This cutting-edge security technology will allow Bybit to better identify, deter, defend, report, and act against potential intruders, attempted money laundering, and account theft.
  • The new system will aid Bybits 300-strong risk management and technology management department to ensure the continued safety of Bybits operations.
  • Bybit also has three security committees that cover technical risk, business risk and anti-money laundering (AML) respectively.
  • This security enhancement is just one in a number of physical security, risk and compliance measures Bybit is embracing
    Our intention is always to provide maximum security and transparency for our clients, said Gary Hamilton-Walker, global head of corporate affairs at Bybit.

Bybit Puts Crypto Transparency in the Spotlight

Retrieved on: 
Wednesday, November 9, 2022

Recent market concerns highlight the need for the Industry to step up

Key Points: 
  • Bybit also highlighted that the recent uncertainty had shone the spotlight on fund safety, custodianship, and transparency, and the industry would have to tackle this head on.
  • "The entire sector has a duty and obligation to do better by our customers," said Ben Zhou, Bybit co-founder and CEO.
  • Bybit has long advocated for an industry wide standard on transparency that would help to provide greater trust and credibility for the industry and confidence for customers and regulators.
  • Bybit is a cryptocurrency exchange established in March 2018 that offers a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service and multilingual community support.

EQS-News: Bybit Launches New Futures Grid Bot

Retrieved on: 
Monday, November 7, 2022

Designed to help reduce the risk and price volatility that can sometimes accompany futures trading, the Bybit Futures Grid Bot provides a safer and more assured operating environment for those seeking to experience and learn about futures.

Key Points: 
  • Designed to help reduce the risk and price volatility that can sometimes accompany futures trading, the Bybit Futures Grid Bot provides a safer and more assured operating environment for those seeking to experience and learn about futures.
  • Bybits Futures Grid Bot sells futures contracts when the price is above entry and buys when below.
  • Initially introduced with core functionality, Futures Grid Bot is designed to get users comfortable with how it works and how to use it.
  • The Futures Grid Bot is the latest in a series of automated resources from Bybit, and follows the success of its Spot Grid Bot and DCA Bot launched earlier this year.

Bybit Invests in KOSDAQ-listed, T-Scientific ​​​​​​​ - Crypto giant seeks partnership with 3rd largest shareholder of Korean regulated exchange Bithumb

Retrieved on: 
Friday, October 28, 2022

The move now lays the foundation for Bybit to explore market expansion and new investment opportunities beyond partnerships in the Korean blockchain market.

Key Points: 
  • The move now lays the foundation for Bybit to explore market expansion and new investment opportunities beyond partnerships in the Korean blockchain market.
  • As a result of the relationship with T-Scientific, Bybit has opened the potential to further exploration of Koreas blockchain and NFT markets with Korean regulated partners; part of Bybits ambition to conduct any Korean business operations in a responsible manner.
  • It is also the third-largest shareholder of Bithumb, a Korean virtual asset exchange, and is actively expanding its activities into the blockchain business through its subsidiary Hanbitco Korea.
  • Bybit is a cryptocurrency exchange established in March 2018 that offers a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service and multilingual community support.

Bybit Launchpad 2.0 to Host Galaxy Arena (ESNC) IEO

Retrieved on: 
Wednesday, October 12, 2022

ATHENS, Greece, Oct. 12, 2022 /PRNewswire/ -- Bybit, the third most visited crypto exchange in the world, will list ESNC, the utility token of Galaxy Arena, on Bybit Launchpad 2.0.

Key Points: 
  • ATHENS, Greece, Oct. 12, 2022 /PRNewswire/ -- Bybit, the third most visited crypto exchange in the world, will list ESNC, the utility token of Galaxy Arena, on Bybit Launchpad 2.0.
  • Galaxy Arena is a decentralized metaverse virtual reality (VR) experience run by Essence (ESNC) and powered by the Polygon network.
  • Bybit will host the initial exchange offering for ESNC, which will be available on Bybit Launchpad 2.0, a freshly revamped platform for groundbreaking blockchain projects, with the full spot listing scheduled for Oct. 21.
  • Bybit Launchpad 2.0 gives users early access to some of the most sought-after tokens in the space.