Latest news with #TheCryptoArk
Cision Canada
2 days ago
- Business
- Cision Canada
Bybit Secures MiCAR License in Austria, Opens European Headquarters in Vienna with Strategic Expansion Plan
VIENNA, May 29, 2025 /CNW/ -- Bybit, the world's second-largest cryptocurrency exchange by trading volume, has received its Markets in Crypto-Assets Regulation (MiCAR) license from the Austrian Financial Market Authority (FMA), signifying a pivotal moment in its European expansion. With this new license, Bybit can now operate as a fully compliant crypto-asset services provider and passport its regulated and localized crypto products and services to nearly 500 million Europeans in 29 EEA (European Economic Area) member states through its EEA hub, which is based in Austria. Alongside this regulatory milestone, Bybit has also established its official European headquarters in Vienna, Austria. The MiCAR license underscores Bybit's unwavering commitment to meeting the highest regulatory standards in Europe, including crucial safeguards that are designed to enhance transparency, prevent illicit activities, and protect consumers within the European Union's digital finance ecosystem. "Securing the MiCAR license in Austria is a testament to our compliance-first approach at Bybit," stated Ben Zhou, co-founder and CEO of Bybit. "We are actively collaborating with regulators and pursuing licenses globally to ensure our users can access our innovative platform with the highest levels of regulatory and compliance assurance." To support its upcoming European expansion, Bybit is making a substantial investment in Austria, with plans to hire over 100 professionals in Vienna as it provides more localized and regulated services to users. "Obtaining the MiCAR license demonstrates our commitment to compliance and transparency, in line with Europe's high regulatory standards," said Mazurka Zeng, Chief Executive Officer of Bybit Europe. "Vienna is now the home of Bybit Europe, and we're proud to contribute to Austria's forward-looking financial environment by investing in talent and innovation. Beyond this, we are dedicated to fostering a strong local crypto community and, through the Blockchain for Good Alliance (BGA), we will extend our resources to work closely with universities across the region, cultivating the next generation of blockchain innovators and exploring impactful real-world applications of the technology," Mazurka said. #Bybit / #TheCryptoArk / #MiCAR About Bybit Bybit is the world's second-largest crypto-asset exchange platform, providing over 70 million users globally access to its innovative crypto investment products and services. Bybit EU is the newly established EU headquarter and will serve the EEA clients on the dedicated Bybit EU platform.
Cision Canada
5 days ago
- Business
- Cision Canada
BTC Hit ATH as Options Skew Favors Calls by 7%: Bybit x Block Scholes Report
DUBAI, UAE, May 26, 2025 /CNW/ -- Bybit, the world's second-largest cryptocurrency exchange by trading volume, released a new weekly crypto derivatives analytics report in collaboration with Block Scholes on May 22, as the markets hit all-time highs (ATH) all around from BTC spot price to perpetual swaps open interest, while ETH's pace of growth moderated. Key Highlights: Risk-On Sentiment Dominated: Perpetual open interest across the board on Bybit has been on a steady rise and reached a new monthly high at over $11B, with trading volume also recording its May best at $26B. The market-wide trajectory was supported by BTC's $111k ATH, did not outperform ETH's meteoric rise the week before. ETH Growth Rebalanced: ETH's two-week outperformance streak has ended, now trailing BTC's renewed rally. Despite strong 69% monthly returns, ETH's weekly gains have slowed. Short-term volatility still trades at a premium, but options sentiment has become less bullish, with the gap between call and put activity narrowing to just $30M. For detailed insights, readers may download the full report. #Bybit / #TheCryptoArk /#BybitResearch 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
05-05-2025
- Business
- Cision Canada
Bybit Spread Trading: An Innovative Product to Streamline Advanced Trading Strategies
DUBAI, UAE, May 5, 2025 /CNW/ -- Bybit, the world's second-largest cryptocurrency exchange by trading volume, is proud to announce the launch of Spread Trading. This new trading functionality streamlines the previously more manual technical crypto trading environment — enabling crypto traders to access markets faster and at lower cost — now available via Bybit's intuitive platform. As uncertainty becomes a constant theme in financial markets, and ongoing price fluctuations test traders' risk appetite, Bybit's Spread Trading offers a timely solution for investors seeking to capitalize on price differences between corresponding crypto assets, without the previously heavier risk management and markets access complexities traditionally associated with such trading crypto strategies. Spread trading comes with a wide range of benefits on Bybit: Guaranteed Spread Execution: The entry spread exactly matches the order price set by the user, eliminating slippage concerns. Precise Execution: Both positions are filled simultaneously or not at all, removing the "leg risk" of incomplete trades. Risk Hedging: Offsetting market swings by taking opposite positions in correlated assets. Strategic Flexibility: Diversifying strategies including Funding Rate Arbitrage, Futures Spread, Carry Trade, or Perpetual Basis trading. Lower Costs: The feature stands to save traders 50% of the fees compared to placing separate orders manually. What is Spread Trading Spread trading is a strategy where traders simultaneously buy one crypto asset while selling another related one, allowing them to profit from the price difference (spread) between them rather than from overall market direction. Bybit simplifies the process by combining both trades into a single transaction and precise entry points, eliminating timing risks and execution issues. The strategy works by pairing related instruments, such as Spot and Perpetual contracts, or two different Expiry contracts, in equal but opposite positions, creating a delta-neutral approach that protects traders from broad market volatility. Bybit's Spread Trading feature currently supports four trading combinations: Expiry & Expiry contracts, Expiry & Perpetual contracts, Expiry & Spot markets, and Perpetual & Spot markets. The service is available for BTC, ETH, and SOL with plans to expand to additional digital assets. Bybit users may now power up their trades and ride the highs and lows of the crypto markets with ease. Terms and conditions apply. To find out more about the feature and how it works, users may visit: How to Get Started With Spread Trading #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
Associated Press
28-02-2025
- Business
- Associated Press
Bybit Restores Assets and Confidence Through Transparent Recovery Process
DUBAI, United Arab Emirates, Feb. 28, 2025 (GLOBE NEWSWIRE) -- Bybit, the world's second-largest cryptocurrency exchange by trading volume, has announced significant progress in restoring assets and rebuilding trust following a recent security incident. Demonstrating its commitment to transparency and resilience, Bybit has swiftly implemented recovery measures and enhanced security protocols to protect its global user community. Key Recovery Milestones AUM Recovery: Bybit has successfully restored 77% of its Assets Under Management (AUM) to pre-incident levels, underscoring its robust recovery strategy and sustained client confidence. Enhanced Spot Liquidity: The platform now offers superior spot liquidity across the top 180 trading pairs, surpassing industry benchmarks and reflecting substantial improvements from pre-incident conditions. Contract Market Resilience: The recovery of contract trading has outpaced expectations, with the top two indices reaching approximately 86% of normal levels and the top 70 exceeding 87%, outperforming competitors. Sustained Trading Volume: Bybit's trading activity remains strong, with volumes exceeding $40 billion in the past two days, a testament to the resilience and trust of its global user base. Strengthened Proof of Reserves In alignment with its commitment to transparency, Bybit has conducted an additional proof of reserves audit, supplementing its regular monthly verifications. The results confirm full collateralization of all client assets: BTC: 102% ETH: 102% SOL: 103% USDT: 104% USDE: 116% USDC: 229% These figures underscore Bybit's financial stability and its commitment to ensuring client assets remain fully backed at all times. 'We have taken swift and decisive actions to reinforce our security measures and protect our users. Our top priority is to maintain the highest standards of transparency, resilience, and trust,' said Ben Zhou, Co-founder and CEO of Bybit. 'We deeply appreciate the unwavering support from our clients and partners, which has been instrumental in our rapid recovery.' #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 Head of PR Tony Au Bybit
Associated Press
23-02-2025
- Business
- Associated Press
Bybit Launches Recovery Bounty Program with Rewards up to 10% of Stolen Funds
DUBAI, , Feb. 23, 2025 (GLOBE NEWSWIRE) -- Bybit, the world's second-largest cryptocurrency exchange by trading volume, is calling on the brightest minds in cyber security and crypto analytics to join the global hunt for the perpetrators of crypto's largest heist in history. With a reward of 10% of the amount recovered, the contributors stand to share a bounty of potentially up to 140 million USD in value in the scenario of a full recovery. Recovery Bounty Program As part of the investigation and recovery efforts, Bybit is pledging 10% of recovered funds to reward ethical cyber and network security experts who play an active role in retrieving the stolen cryptocurrencies in the incident. The total amount of the bounty is calculated based on verifiable recovery of the compromised ETH worth over $1.4 billion at the time of the incident. Bybit values transparency and using blockchain technology for good. 'Within 24 hours of the event, we were overwhelmed with support from some of the best people and organizations in the industry, and we do not take it for granted. We have shared in a dark moment of crypto history, and we've proven we are better than the malicious actors,' said Ben Zhou, co-founder and CEO of Bybit. 'We want to officially reward our community who lent us their expertise, experience and support through the Recovery Bounty Program, and our efforts to make this difficult lesson a valuable one does not stop here. Bybit is determined to rise above the setback and fundamentally transform our security infrastructure, improve liquidity, and be a steadfast partner to our friends in the crypto community,' he added. How to Get Involved Individuals and organizations interested in participating in the Recovery Bounty Program can contact us via email at [email protected] Trust and security are at the core of the crypto industry. As the ecosystem grows, collective action is essential to maintaining its strength. We encourage exchanges, analysts, and the broader community to collaborate in protecting digital assets. Together, we can reinforce security, deter malicious activities, and uphold confidence in the industry. #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 Contact Bybit
