Bybit Lydia Tsomondo

Top Traders Rush to Enter Bybit’s World Series of Trading 2022 Ahead of Kick-Off Next Week

Retrieved on: 
Thursday, June 30, 2022

DUBAI, United Arab Emirates, June 30, 2022 (GLOBE NEWSWIRE) -- Bybits World Series of Trading (WSOT) has seen a rush of entries before registrations close on July 7, 2022, with over 57,000 participants so far signing up for the worlds largest crypto trading tournament.

Key Points: 
  • DUBAI, United Arab Emirates, June 30, 2022 (GLOBE NEWSWIRE) -- Bybits World Series of Trading (WSOT) has seen a rush of entries before registrations close on July 7, 2022, with over 57,000 participants so far signing up for the worlds largest crypto trading tournament.
  • The most anticipated trading event of the year is shaping up to be an enthralling contest.
  • This year, top traders of the world have gathered to form over 1,000 troops so far, dwarfing last years total of 196 teams.
  • Indeed, participants have come from across the world ready for the competition that is set to run from June 27 to July 17, 2022.

Bybit: Crypto Derivatives Leader Bybit Tackles Bear Market by Settling Options in USDC

Retrieved on: 
Monday, June 27, 2022

Users of Bybits European-style, USDC-settled options will also benefit from the newly-launched unified margin account, which offers a completely new derivatives trading structure.

Key Points: 
  • Users of Bybits European-style, USDC-settled options will also benefit from the newly-launched unified margin account, which offers a completely new derivatives trading structure.
  • Users can use all assets under their account as collateral to trade USDC options contracts as well as perpetuals.
  • Bybits portfolio margin account supports USDT, USDC, BTC and ETH as collateral, with more assets to be added soon.
  • For the first time ever in crypto, Bybit offers options that are settled in USDC, which is pegged to the dollar.

Bybit Settles with the Ontario Securities Commission (OSC)

Retrieved on: 
Thursday, June 23, 2022

Ontario, Canada--(Newsfile Corp. - June 23, 2022) - Bybit announced today that it has entered into a settlement agreement with the Ontario Securities Commission ("OSC") regarding matters at issue outlined in the Statement of Allegations made by the OSC on June 21, 2021 (the "Settlement Agreement").

Key Points: 
  • Ontario, Canada--(Newsfile Corp. - June 23, 2022) - Bybit announced today that it has entered into a settlement agreement with the Ontario Securities Commission ("OSC") regarding matters at issue outlined in the Statement of Allegations made by the OSC on June 21, 2021 (the "Settlement Agreement").
  • In summary, as part of the Settlement Agreement, Bybit has disgorged the revenues from its Ontario accounts of approximately $2.47 million USD and has paid the OSC $10,000 CAD for their costs.
  • While registration discussions are ongoing, Bybit undertook to not accept new accounts for Ontario residents, offer any new products to existing accounts held by Ontario investors, or engage in any marketing and promotional activities targeted at Ontario residents.
  • Any funds or assets remaining in Ontario retail investor accounts may be used for non-restricted products or withdrawn from the Bybit platform.

OSC holds global crypto asset trading platforms accountable

Retrieved on: 
Wednesday, June 22, 2022

"Foreign crypto asset trading platforms that want to operate in Ontario must play by the rules or face enforcement action," said Jeff Kehoe, Director of Enforcement at the OSC.

Key Points: 
  • "Foreign crypto asset trading platforms that want to operate in Ontario must play by the rules or face enforcement action," said Jeff Kehoe, Director of Enforcement at the OSC.
  • On March 29, 2021, the OSC warned crypto asset trading platforms that offer trading in derivatives or securities in Ontario that they must contact the OSC or face enforcement action.
  • All crypto asset trading platforms registered in Ontario are listed on the Registered Crypto Asset Trading Platforms page on the OSC's website.
  • This can be done by visiting the Check Before You Invest or the Registered Crypto Asset Trading Platforms pages on the OSC website.

Bybit Launchpad 2.0 to Host OpenBlox (OBX) IEO

Retrieved on: 
Tuesday, June 21, 2022

ROAD TOWN, United British Virgin Islands - Media OutReach - 21 June 2022 - Bybit, one of the world's fastest growing crypto exchanges, will list the inaugural BloxVerse platform token OBX on Bybit Launchpad 2.0.

Key Points: 
  • ROAD TOWN, United British Virgin Islands - Media OutReach - 21 June 2022 - Bybit, one of the world's fastest growing crypto exchanges, will list the inaugural BloxVerse platform token OBX on Bybit Launchpad 2.0.
  • OpenBlox is an EVM-based NFT gaming and web3 platform focusing on play-and-earn / move-and-earn and IP branding.
  • Bybit will host the initial exchange offering for OBX, which will be available on the Bybit Launchpad 2.0, a freshly revamped platform for groundbreaking blockchain projects, with the full spot listing scheduled for June 30.
  • The go-to platform for promising crypto projects, Bybit Launchpad 2.0 gives users early access to some of the most sought after tokens in the space.

Top Cryptocurrency Exchange Bybit Reduces Margin Requirements With Portfolio Margin Mode

Retrieved on: 
Wednesday, June 15, 2022

Bybit users will now be able to fully leverage their portfolio with greater capital efficiency thanks to the new portfolio margin feature.

Key Points: 
  • Bybit users will now be able to fully leverage their portfolio with greater capital efficiency thanks to the new portfolio margin feature.
  • The portfolio margin mode evaluates positions across Bybits extensive trading products, and calculates the margin accordingly.
  • Portfolio margin increases users capital efficiency by calculating the overall risk across a users hedged portfolio.
  • With the portfolio margin mode activated, Bybit calculates the combined risk of options bought and sold.

Top Cryptocurrency Exchange Bybit Reduces Margin Requirements with Portfolio Margin Mode

Retrieved on: 
Wednesday, June 15, 2022

Victoria, Seychelles--(Newsfile Corp. - June 15, 2022) - Bybit, a cryptocurrency exchange with one of the largest BTC futures open interest, has enabled portfolio margin mode for eligible users on June 15, 2022.

Key Points: 
  • Victoria, Seychelles--(Newsfile Corp. - June 15, 2022) - Bybit, a cryptocurrency exchange with one of the largest BTC futures open interest, has enabled portfolio margin mode for eligible users on June 15, 2022.
  • Bybit users will now be able to fully leverage their portfolio with greater capital efficiency thanks to the new portfolio margin feature.
  • The portfolio margin mode evaluates positions across Bybit's extensive trading products, and calculates the margin accordingly.
  • Portfolio margin increases users' capital efficiency by calculating the overall risk across a user's hedged portfolio.

Bybit: Bybit Unveils First-Ever Bear Market Guide for Traders

Retrieved on: 
Tuesday, June 14, 2022

Featuring a contemporary design that draws inspiration from popular culture, the guide shares a pool of resources that can help investors put the bear market situation into perspective.

Key Points: 
  • Featuring a contemporary design that draws inspiration from popular culture, the guide shares a pool of resources that can help investors put the bear market situation into perspective.
  • Bybits Bear Market Guide aims to address questions that traders might have, from tips/tricks for newbies to offering a macro analysis of the bear market and reviewing key takeaways of previous bear market experiences.
  • To that effect, Bybits Bear Market Guide will provide insights to users as to how best leverage the power of yield products to weather the bear market.
  • Ben Zhou, co-founder and CEO of Bybit said, As some investors may think that one can only make profits in a bull market while losses await in the bear market, we are unveiling Bybits Bear Market Guide to provide a resource that shows investors how to read opportunities and develop proper strategies.

DGAP-News: Walken to Launch on Bybit Launchpad 2.0

Retrieved on: 
Monday, June 13, 2022

Bybit users can access the token on Launchpad 2.0, a freshly revamped platform for groundbreaking blockchain projects.

Key Points: 
  • Bybit users can access the token on Launchpad 2.0, a freshly revamped platform for groundbreaking blockchain projects.
  • It also allows users to buy through the Launchpad the best performing tokens that were previously listed.
  • The launch of Walken's in-game token $WLKN on Bybit Launchpad 2.0 provides users with the opportunity to earn cryptocurrency through allocation.
  • We are infinitely grateful for this and are honored to be launching and growing Walken with Bybit.

TRON Has a Record-Setting Month

Retrieved on: 
Thursday, June 2, 2022

Geneva, Switzerland--(Newsfile Corp. - June 2, 2022) - TRON celebrated a record month of May, achieving multiple massive milestones in a few short weeks.

Key Points: 
  • Geneva, Switzerland--(Newsfile Corp. - June 2, 2022) - TRON celebrated a record month of May, achieving multiple massive milestones in a few short weeks.
  • From forging strong relationships with issuance platforms like Tether and Circle to establishing the TRON DAO Reserve and launching USDD based on the TRON platform, TRON has built a robust stablecoin armada that includes USDT, USDJ, TUSD, USDC, and USDD.
  • TRON has also recently commemorated the highly anticipated Season 2 of the TRON Grand Hackathon 2022 on Monday, May 16, with a wave of applicants.
  • Most recently, the over-collateralized stablecoin USDD was announced on the TRON blockchain, backed by the first-ever crypto reserve for the blockchain industry - TRON DAO Reserve , marking TRON's official entry into decentralized stablecoins.