Bybit emerges as top contender in crypto trading, boasting significant increase in market share this year
, recognized as one of the leading cryptocurrency exchanges by trading volume, has reported a substantial increase in Bitcoin trading activity. Following the introduction of its spot trading platform in 2022, the exchange's market share has shown remarkable growth. According to the latest quarterly report from Kaiko Research, Bybit has escalated from holding 2% of the market in 2023 to 9.3% in 2024, gaining a serious margin since the previous year's 7.3%.
🥳 We're excited to announce 7 New Assets for Margin Trading, Crypto Loans, Flexible Savings, and Institutional Loans!The growth extends beyond Bitcoin. Bybit's altcoin trading volumes have witnessed a significant rise of 275%, growing from 2.9% to 8%. This growth coincides with the introduction of Bybit’s Unified Trading Account, suggesting a correlation with the exchange's user-friendly initiatives.
The platform's strategic focus on serving both new and seasoned investors is paying off, evidenced by a 180% increase in institutional clients over the past year. Bybit attributes its success to a steadfast dedication to customer service, security and ongoing technological enhancements. Ben Zhou, Bybit's cofounder and CEO, remarked on the achievement, highlighting the platform's commitment to innovation and the trust of its user base."We are committed to maintaining our role at the forefront of the crypto trading industry," Zhou commented.
Bybit is intent on sustaining its growth trajectory, aiming to continuously innovate and adapt to the evolving demands of the cryptocurrency community. Bybit's growth continues, aiming for an even more substantial increase in market presence in the future.Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future. Currently, he focuses on news, articles with deep analysis of crypto projects and technical analysis of cryptocurrency trading pairs.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
This $14 Growth Serum Instantly Gives Shoppers’ Hair “Weightless Volume”The Viviscal Hair Thickening Growth Serum is on sale at Amazon for $14. Shoppers say it gives thin hair fullness and weightless volume. It also contains ingredients to strengthen hair over time.
Read more »
Nigeria Directs Entities to Identify Those Dealing Crypto With Bybit, KuCoin, OKX and BinanceAmitoj Singh is a CoinDesk reporter.
Read more »
Bitcoin supply to run out on exchanges in 9 months: BybitBTC supply on exchanges will run out in nine months, with the upcoming Bitcoin halving and continued accumulatin by Bitcoin ETFs.
Read more »
Bitcoin to Become Twice as Rare as Gold After the Halving: BybitCrypto Blog
Read more »
OKX, Binance and Bybit monthly volumes tripled since late 2023OKX was the fastest-growing crypto exchange in terms of monthly trading volumes over the past few months, according to a new report by Bybit.
Read more »
CEX Trading Volumes Nearly Triple Since October 2023: BybitCrypto Blog
Read more »