Bybit Lydia Tsomondo

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.

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

Retrieved on: 
Thursday, February 2, 2023

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

Key Points: 
  • Trading, Simplified: Bybit Launches Unified Trading Account, Transforming the Trading Experience for Investors Source: Bybit
    Trading, Simplified: Bybit Launches Unified Trading Account, Transforming the Trading Experience for Investors
    DUBAI, UNITED ARAB EMIRATES - Media OutReach - 26 January 2023 - 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 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 Strengthens Custodial Services for Institutional Investors   

Retrieved on: 
Sunday, January 22, 2023

Subject to contract, Bybit expects to integrate into the ClearLoop service in Q1 2023.

Key Points: 
  • Subject to contract, Bybit expects to integrate into the ClearLoop service in Q1 2023.
  • The collaboration allows Bybit's institutional clients to deploy capital and trade immediately on Bybit, while maintaining their assets off — exchange in independent custody using Copper’s pioneering ClearLoop technology.
  • It also enables Bybit clients to increase allocations, mitigate counterparty risk, and optimize capital efficiency.
  • “Our aim is to ensure maximum trust and flexibility for our clients, and provide the reassurance institutions and sophisticated investors demand and expect,” said Ben Zhou, co-founder and CEO at 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 Steps Up Blockchain Support: Exchange to Provide High-Frequency Market Data to Pyth Network

Retrieved on: 
Wednesday, December 21, 2022

DUBAI, United Arab Emirates, Dec. 21, 2022 (GLOBE NEWSWIRE) -- Bybit, the world’s third most visited crypto exchange, has partnered with Pyth, a decentralized oracle that delivers high-fidelity, real-world data to blockchain applications.

Key Points: 
  • DUBAI, United Arab Emirates, Dec. 21, 2022 (GLOBE NEWSWIRE) -- Bybit, the world’s third most visited crypto exchange, has partnered with Pyth, a decentralized oracle that delivers high-fidelity, real-world data to blockchain applications.
  • The agreement will see Bybit help Pyth to provide verifiable data to decentralized finance (DeFi) applications and the general public.
  • The data feed will come from Bybit’s high-performance API that pushes market data every 20 milliseconds and will be shared directly on-chain.
  • “Bybit is committed to democratizing financial markets by making available market data that was previously only accessible to a limited set of institutions and users.

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.

Medieval Empires is launching $MEE Token

Retrieved on: 
Tuesday, December 13, 2022

The game's $MEE token, aka The Utility Token provides community and political influence, plus Airdrops and special Lands.

Key Points: 
  • The game's $MEE token, aka The Utility Token provides community and political influence, plus Airdrops and special Lands.
  • Assad Dar, Chief Visionary Officer and Co-founder of Medieval Empires, is all geared up for the upcoming big event.
  • "What I love about Medieval Empires is that the best professionals from different fields have come together to create this blockchain game.
  • Medieval Empires is set to launch in the second quarter of 2023 and promises to be a one-of-its-kind blockchain game.