Latest news with #TonyAuBybit
Business Insider
19-07-2025
- Business
- Business Insider
Bybit Megadrop Phase 7 Project COA Breaks Record with 50 Million USDT Products Sold Out Within 4 Hours
Dubai, United Arab Emirates, July 19th, 2025, Chainwire Bybit, the world's second-largest cryptocurrency exchange by trading volume, announced that its Megadrop Phase 7 project featuring COA tokens has achieved record-breaking participation, with users staking over $100 million USDT within the first 14 hours of launch. After COA (Alliance Games) went live on Bybit Megadrop at 12PM UTC on July 18, the associated 30-day USDT Earn products was completely unlocked within four hours, while the 14-day pool sold out in the next 10 hours. The total staked amount was valued at 105 million USDT. COA is the native token of the decentralized network Alliance Games, which integrates AI-driven game creation, blockchain-integrated multiplayer networks, and a distributed work node system. The COA token powers the entire ecosystem: holders who are developers can use it to access infrastructure, node operators can earn rewards, and users can stake, govern, and unlock advanced features. Bybit Megadrop provides a structured and educational approach with dual rewards. Participants not only receive their regular APR returns from savings plans but also gain shares of new token airdrops proportionate to their subscription amount and based on completion of optional educational tasks. Key Features Airdrops Made Easy: Simplified process that makes earning new tokens accessible to users of all experience levels Maximizing Rewards: Participants can dramatically increase their airdrop allocations through simple engagement tasks Risk-free participation: Users leverage existing assets through Fixed-Term Savings plans rather than purchasing new tokens Dual reward structure: Earn both regular APR and free token airdrops simultaneously Pre-market access: Obtain tokens before they're listed on Bybit Spot #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 Contact Tony Au Bybit
Business Insider
14-07-2025
- Business
- Business Insider
Bybit & Block Scholes Report: BTC Options Flipped Put-Call Skew After ATH
Dubai, United Arab Emirates, July 14th, 2025, Chainwire Bybit, the world's second-largest cryptocurrency exchange by trading volume, has released its latest crypto derivatives analytics report with Block Scholes, outlining BTC's solid price action in the previous week with positive movements all around from ETH to altcoins. Key Insights: Price Surge Uplifted Option Interest and Funding Rates: Perpetual trading volume on Bybit hit a monthly high at $11.1B by the end of the week after a lackluster July thus far, following BTC's breakthrough to $115k on July 9. Following weeks of fluctuation, overall funding rates for assets, including BTC, turned consistently positive, with BTC suffering only 8 hours of negative funding rates a day before its ATH over Trump's tariff remarks. BTC Options Reversed Course: BTC's options market sentiment underwent a dramatic reversal at the price surge on July 9th, with put-call skew flipping from a 2% premium favoring downside protection to a 5% premium on upside calls, indicating traders are increasingly positioning for further BTC price appreciation despite the asset's already substantial gains. Source: Bybit and Block Scholes Altcoins Outperformed BTC: Notably, altcoins demonstrated competitive gains against BTC, with ETH and XRP each surging over 6% compared to BTC's relatively modest gains to its new ATH of $112K—just $29 above the May peak. While BTC options maintained rangebound implied volatility between 26-35%, the altcoin rally highlighted shifting market dynamics, though SOL lagged with only a 2% weekly gain despite strong ecosystem fundamentals, including record-breaking Q2 revenue of $271M that outpaced all other Layer 1 and Layer 2 networks. For detailed insights, readers may download the full report. #Bybit / #TheCryptoArk / #BybitLearn 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 Contact Head of PR Tony Au Bybit
Int'l Business Times
27-06-2025
- Business
- Int'l Business Times
Bybit Expands Global Reach with Credit Card Crypto Purchases in 25+ Currencies and Cashback Rewards
Dubai, UAE, June 27th, 2025, Chainwire Bybit, the world's second-largest cryptocurrency exchange by trading volume, has launched an exclusive limited-time event empowering users to buy crypto with over 25 local fiat currencies — bringing seamless access to digital assets to a broader global audience. With just a few clicks, users can now purchase USDT, BTC, ETH, and more directly with their credit cards, while benefiting from real-time currency conversion and cashback of up to 10 USDT. To further sweeten the deal, new users making their first transaction in a newly accepted currency will also receive an additional 5 USDT bonus, stackable with the cashback reward. The supported local currencies include: PKR, ETB, ARS, LKR, RWF, AOA, KGS, MAD, AMD, TJS, ZMW, TZS, MZN, TMT, JOD, MWK, PYG, BTN, BHD, MVR, HNL, MGA, GTQ, CRC, and UYU. This initiative shows Bybit's goal to make crypto accessible everywhere. By making it easier to convert local currencies into crypto, more people can join the Web3 space with ease and confidence. To participate, users simply need to visit the 'One-Click Buy' page on Bybit's platform, select their desired digital asset and payment currency, and link a Visa or Mastercard. Eligible participants must have completed Level 1 Individual Identity Verification or Business Verification. Users should note that this offer is not available to customers in the European Economic Area. Full terms and conditions apply. #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 For more details about Bybit, please visit Bybit Press For media inquiries, please contact: media@ For updates, please follow: Bybit's Communities and Social Media Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | YouTube Contact Head of PR Tony Au Bybit media@
Business Insider
27-06-2025
- Business
- Business Insider
Bybit Expands Global Reach with Credit Card Crypto Purchases in 25+ Currencies and Cashback Rewards
Dubai, UAE, June 27th, 2025, Chainwire Bybit, the world's second-largest cryptocurrency exchange by trading volume, has launched an exclusive limited-time event empowering users to buy crypto with over 25 local fiat currencies — bringing seamless access to digital assets to a broader global audience. With just a few clicks, users can now purchase USDT, BTC, ETH, and more directly with their credit cards, while benefiting from real-time currency conversion and cashback of up to 10 USDT. To further sweeten the deal, new users making their first transaction in a newly accepted currency will also receive an additional 5 USDT bonus, stackable with the cashback reward. The supported local currencies include: PKR, ETB, ARS, LKR, RWF, AOA, KGS, MAD, AMD, TJS, ZMW, TZS, MZN, TMT, JOD, MWK, PYG, BTN, BHD, MVR, HNL, MGA, GTQ, CRC, and UYU. This initiative shows Bybit's goal to make crypto accessible everywhere. By making it easier to convert local currencies into crypto, more people can join the Web3 space with ease and confidence. To participate, users simply need to visit the 'One-Click Buy' page on Bybit's platform, select their desired digital asset and payment currency, and link a Visa or Mastercard. Eligible participants must have completed Level 1 Individual Identity Verification or Business Verification. Users should note that this offer is not available to customers in the European Economic Area. Full terms and conditions apply. #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 Contact Head of PR Tony Au Bybit
Business Insider
11-06-2025
- Business
- Business Insider
Bybit Adds Limit Order Functionality to Convert for Greater Trading Precision
Dubai, UAE, June 11th, 2025, Chainwire Bybit, the world's second-largest cryptocurrency exchange by trading volume, has enhanced its Convert tool by introducing Limit Order functionality. This update offers users greater control over crypto asset conversions — with zero trading fees maintained. Unlike Instant Orders, which execute immediately at the market conversion price, Limit Orders allow users to set a target conversion price. The transaction only executes once the conversion price is met or exceeded. Key features of Limit Orders on Bybit Convert include: Price Control: Users can set a preferred conversion rate and wait for favorable market conditions. Zero Fees: Limit Orders, like Instant Orders, incur no trading fees. Order Validity: Orders remain active for up to 30 days, with funds securely locked until execution or expiration. User Management: Orders can be tracked or cancelled anytime via the Conversion History tab. Quotes displayed on the Convert page reflect real-time exchange rates, independent from Bybit Spot market prices. The accompanying chart is for reference only and does not represent historical Convert rates. This latest feature continues Bybit's mission to provide accessible, high-performance tools for both novice and experienced traders. More information is available here. #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 Contact Head of PR Tony Au Bybit
