Latest news with #Bybit.
Cision Canada
29-07-2025
- Business
- Cision Canada
Bybit Launches ETH Trading Competition With 100,000 USDT Prize Pool
DUBAI, UAE, July 29, 2025 /CNW/ -- Bybit, the world's second-largest cryptocurrency exchange by trading volume, is marking the 10th anniversary of Ethereum with a limited-time ETH Trading Competition, offering a prize pool of 100,000 USDT. Ethereum, launched on July 30, 2015, is a decentralized blockchain platform that introduced the concept of smart contracts — self-executing agreements coded directly onto the blockchain. As the second-largest cryptocurrency by market capitalization, Ethereum has become a foundational infrastructure for decentralized applications (dApps), powering key innovations across DeFi (decentralized finance), NFTs (non-fungible tokens), and DAOs (decentralized autonomous organizations). Its flexible, open-source architecture has positioned it at the center of Web3 development over the past decade. "Ethereum has reshaped the digital world over the past decade," said Claudia Wang, Head of Marketing at Bybit."We're proud to celebrate this industry milestone with our community through an engaging and rewarding trading competition." The event will run through August 5, commemorating a decade since the blockchain platform first went live in 2015. Participants who trade ETH on Bybit's Spot or Derivatives markets during the event window will compete for leaderboard positions, with rewards distributed based on trading volume. The leaderboard extends to the 20,000th place, making it easy for a large number of users to get rewarded. A minimum trading volume of just 100 USDT is enough to be eligible for a chance to rank. The prize pool of 100, 000 USDT includes airdrops ranging from 1 USDT to 200 USDT. #Bybit / #TheCryptoArk About Bybit Bybit is the world's second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at
Cision Canada
09-05-2025
- Business
- Cision Canada
Bybit Surpasses 70 Million Users, Reinforces Commitment to Transparency and Institutional Growth
DUBAI, UAE, May 9, 2025 /CNW/ -- Bybit, the world's second-largest cryptocurrency exchange by trading volume, today announced it has surpassed 70 million registered users, a milestone that highlights the platform's sustained global growth and deepening trust among both retail and institutional clients. This achievement underscores Bybit's robust market presence and its steadfast commitment to security, compliance, and product innovation. "Reaching 70 million users is more than a number—it's a testament to the trust our global community places in us," said Ben Zhou, co-founder and CEO of Bybit."We are doubling down on compliance, institutional-grade infrastructure, and user-centric innovation to ensure everyone—from first-time traders to global institutions—can access the future of finance with confidence." Strengthening Global Compliance and Regulatory Engagement Bybit continues to expand its global compliance framework, working closely with regulators around the world. Most recently, Bybit held strategic discussions with Vietnam's Ministry of Finance, contributing to the country's regulatory sandbox initiative by sharing expertise in KYC, AML, and international best practices. Bybit has also made key progress in major jurisdictions, including the United Arab Emirates, further demonstrating its commitment to regulatory alignment and operational transparency. Accelerating Institutional Growth Bybit is seeing rapid growth among institutional clients, driven by high-performance trading infrastructure, advanced risk controls, and strategic partnerships. The integration with Zodia Custody—a leading provider of institutional-grade custody and off-venue settlement solutions—reflects Bybit's ongoing efforts to meet the needs of sophisticated investors with robust, compliant offerings. Pioneering Web3 Integration and Real-World Utility Bybit continues to lead in practical Web3 innovation. The Bybit Card, now used by nearly 2 million people, enables everyday crypto spending, while Bybit Pay streamlines on-chain and off-chain transactions for both users and merchants. In line with its user-first philosophy, Bybit is also leveraging artificial intelligence to enhance trading, research, and support services. CryptoLens, an in-house AI analytics tool, offers users deep insights into token fundamentals, community activity, social trends, and tokenomics—even for projects not listed on the platform. TradeGPT, an AI agent trained on Bybit's proprietary data, delivers rapid price action summaries and technical analysis, helping traders make smarter decisions. Complementing these innovations, an AI Support Agent enhances customer service by improving response efficiency and user experience across the platform. Bridging Traditional Finance and the Future of Digital Assets Bybit remains committed to its role as #TheCryptoArk—a safe, trusted bridge from traditional finance into the world of Web3. Through intuitive products, regulatory collaboration, and cutting-edge technology, Bybit empowers users of all levels to navigate and thrive in the digital asset ecosystem. "We're building the infrastructure for the next era of finance," Ben added. "By championing regulation, professionalism, and a relentless user-first approach, we're shaping a safer, more inclusive, and more empowering financial future for all." #Bybit / #TheCryptoArk About Bybit Bybit is the world's second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open, and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at
Cision Canada
09-05-2025
- Business
- Cision Canada
Bybit Unifies Loan Products to Enhance Capital Efficiency for Crypto Traders
DUBAI, UAE, May 9, 2025 /CNW/ -- Bybit, the world's second-largest cryptocurrency exchange by trading volume, is enhancing the user experience and capital efficiency of its lending products by integrating Crypto Loans (flexible loans) and Fixed Rate Loans into a single, streamlined interface. The integration introduces a unified platform for both loan types, enabling users to compare, manage, and optimize their borrowing strategies with greater ease. All loan products are now accessible under the Crypto Loans page, with a redesigned layout that prioritizes usability and transparency. "Our goal is to simplify how users interact with our lending products while enhancing their capital flexibility," said Emily Bao, Head of Spot at Bybit."By consolidating management tools and aligning risk models, we're giving our users more control and clarity over their borrowing activity." Key upgrades include: Unified Cross Margin Model: Both flexible and fixed-term loans will now operate under a shared cross-margin system, allowing users to benefit from consolidated Loan-to-Value (LTV) ratios — set at 80% (initial), 85% (margin call), and 92% (liquidation). Shared Collateral: Collateral can now be used interchangeably across both loan types, enabling more agile capital deployment. Tiered Collateral Ratios: All supported assets will follow a tiered collateral system, reflecting each asset's risk profile — consistent with the structure previously applied to Fixed Rate Loans. Updated Interest Calculation: Interest will be calculated hourly using a compounding method: total debt (principal + accrued interest) multiplied by the hourly interest rate. Existing loan orders will remain unaffected, continuing under their original terms and conditions. For users seeking further information, detailed guides on both Fixed Rate Loans and Crypto Loans are available via the Bybit Help Center. This strategic move reaffirms Bybit's commitment to innovation and user empowerment in the evolving digital asset economy. #Bybit / #TheCryptoArk About Bybit Bybit is the world's second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at
