Bybit

Bybit is a cryptocurrency exchange[1] founded in 2018.[2] Bybit is headquartered in Dubai, United Arab Emirates. As of October 2021, it stated that it had over 10 million registered users worldwide.[3][4][5]

Bybit
IndustryCryptocurrency
FoundedMarch 2018
FounderBen Zhou
Headquarters
Dubai
,
United Arab Emirates
ServicesCryptocurrency exchange, cryptocurrency staking and mining, NFT marketplace
Websitewww.bybit.com

History

In March 2018, Ben Zhou founded Bybit.[6] Bybit started as a cryptocurrency derivatives platform that provided perpetual contracts to traders.[7] It operates worldwide except in the United States,[8] mainland China, Singapore, Quebec (Canada) and a few other jurisdictions.[9][10][11] Bybit offers cryptocurrency trading, passive income products, an NFT marketplace,[12] a token launchpad and institutional services.[7][13][14]

2019

Bybit organized the Bitcoin trading competition, BTC Brawl, in November 2019.[15]

2020

Since 2020, Bybit has organized the World Series of Trading (WSOT) competition that runs annually.[16] In November 2020, the German football team Borussia Dortmund signed a partnership with Bybit.[17]

2021

In February 2021, Bybit sponsored Oracle Red Bull Racing (ORBR) in a $150 million deal.[18]

Bybit launched its ByFi Center in May 2021, which is now rebranded as Bybit Earn for crypto users to access DeFi products or staking.[19][20]

Bybit started spot trading beginning on July 15, 2021.[21] In August 2021, Bybit signed esports deals with esports organizations, NAVI,[22] Virtus.pro,[23] Astralis and Alliance.[24][25] Bybit started its Bybit Launchpad platform, with BitDAO (BIT) in September. The program is for those Bybit users who have completed KYC to ensure compliance with local regulatory requirements.[26]

In July 2021, Bybit partnered up with identity verification provider Sumsub to develop its identity verification features.[27][28]

References
  1. "Bybit Review: Pros, Cons, and More | The Ascent by Motley Fool". The Motley Fool. July 26, 2021.
  2. "What to Consider About How to Buy Bitcoin in India". Programming Insider. October 26, 2021.
  3. "Crypto derivatives trading exceeded spot in june as prices fell". bloomberg.com. 2021-07-12. Retrieved 2022-02-03.
  4. "MEXC Global and ByBit join forces to create user base of 10 million people". CityAM. 2021-10-20. Retrieved 2022-02-03.
  5. "BYBIT LAUNCHES P2P TRANSACTIONS FOR FINANCIAL INCLUSION WHILE DISREGARDING REGULATORS". financefeeds.com. 2022-01-19.
  6. Harrison, Polly Jean (2021-07-26). "Bybit Announces Entrance into Crypto Spot Trading Market". The Fintech Times. Retrieved 2022-08-29.
  7. "Bybit adds ADA, DOT and UNI to its USDT margined offerings". www.hedgeweek.com. March 19, 2021.
  8. Osipovich, Alexander (July 30, 2021). "U.S. Crypto Traders Evade Offshore Exchange Bans" – via Wall Street Journal.
  9. "Crypto Derivatives Exchange Bybit Launches Spot Trading". Financial and Business News: Finance Magnates. July 15, 2021.
  10. "The Top 10 Crypto Exchanges With the Lowest Fees". MUO. 2022-01-10. Retrieved 2022-02-03.
  11. "Bybit Celebrates a Great Year, CEO Ben Zhou Teases What's Next By CoinQuora". Business News. 2021-12-11. Retrieved 2022-02-03.
  12. "BYBIT LAUNCHES NFT PLATFORM "WHILE SOME MAY BE SKEPTICAL OF THE INVESTMENT VALUE OF NFTS"". financefeeds.com. 2022-01-25.
  13. DiBiasio, Jame (2021-02-23). "How high – and fast – can Bybit's crypto contracts go?". Digital Finance. Retrieved 2022-08-29.
  14. "¿Dónde operar con apalancamiento? Comparamos las plataformas PrimeXBT, ByBit y Binance y esto fue lo que encontramos". www.ambito.com. 2020-08-20. Retrieved 2022-08-29.
  15. "Cryptocurrency Trading Contest Offers $1.8 Million Prize Fund". www.fxempire.com.
  16. "Cryptocurrency Exchange Bybit Now in Turkey". RayHaber | RaillyNews. August 23, 2021.
  17. "Borussia Dortmund joins hands with crypto trading platform Bybit | Goal.com". goal.com. 2020-11-05. Retrieved 2022-08-29.
  18. "Oracle Red Bull Racing Gears Up To The Next Level As Bybut Joins The Charge". Red Bull. Retrieved 2023-01-07.
  19. "Crypto exchange Bybit unveils new branding, to offer derivatives, upgraded wallet, and more". 1Trade. 2021-07-04. Retrieved 2022-02-03.
  20. "Bybit to launch cloud mining to democratise Ethereum mining". thepaypers.com. 2021-05-05.
  21. Harrison, Polly Jean (July 26, 2021). "Bybit Announces Entrance into Crypto Spot Trading Market".
  22. Nicholson, Jonno (2021-08-18). "NAVI unveils Bybit as cryptocurrency partner". Esports Insider. Retrieved 2022-02-08.
  23. Biazzi, Leonardo (2021-08-25). "Virtus Pro signs 3-year deal with crypto exchange Bybit". Dot Esports. Retrieved 2023-01-11.
  24. "Alliance secures sponsorship deal with crypto exchange Bybit". www.sportsbusinessjournal.com. 2021-08-23. Retrieved 2022-02-03.
  25. Biazzi, Leonardo (2021-08-23). "Astralis unveils partnership with crypto exchange Bybit". Dot Esports. Retrieved 2022-02-03.
  26. charlesmulungi (2021-09-17). "Bybit Launchpad Debuts With BIT Token Listing". East African Business Week. Retrieved 2023-01-11.
  27. "Bybit partners Sumsub for its identity verification solution". thepaypers.com.
  28. "Bybit Taps Sumsub to Provide a Secure Trading Experience for 2mln Users". Financial IT.

Official website

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