Blockchain Press Releases
Crypto Market Makes a Strong Comeback, Bybit and Wintermute Leadership Optimistic on Options Trading
DUBAI, UAE, Dec. 28, 2023 /PRNewswire/ — Bybit, on its 5th anniversary, has achieved several significant milestones, including surpassing 20 million users, launching its web3 vision, and gaining institutional preference for BTC and ETH. Despite the increasing number of crypto exchanges, there remains a scarcity of seasoned liquidity providers. In the post-FTX era, market leaders like Wintermute play an even more crucial role.
Recently, Wintermute made a strategic move to Singapore, further solidifying its position as a giant in liquidity provision. Wintermute Asia also completed its first options block trade on CME, demonstrating its commitment to innovation and growth.
While the FTX crash continues to reverberate through the crypto industry, it serves as a turning point for established players to distinguish themselves and navigate the promising yet volatile market. Liquidity providers are the lifeblood of the crypto market’s vibrancy, but their operations have often been shrouded in secrecy due to the unavailability of their off-exchange data.
Now, we have the opportunity to gain firsthand insights from Ben Zhou, co-founder and CEO of Bybit, Eugene Cheung, Head of Institution at Bybit, and Yoann Turpin, co-founder of Wintermute, as they review the past year and discuss their forward-looking growth strategies.
Key Takeaways:
- Ben Zhou believes professional options trading will flourish.
- Yoann Turpin, officially in Singapore now, brings his expertise as a former TradFi options trader and expresses optimism about the future of crypto options trading.
- Eugene Cheung reveals that Bybit has initiated an OTC pilot program.
Aside from the recent price uptick, there is mounting evidence that the crypto market is experiencing a strong resurgence. According to CCData’s December Exchange Review, spot trading volume on CEXs has risen for the second consecutive month, reaching $965.8 billion—a 52.8% increase and the highest spot trading volume since March 2023. The derivatives trading volume on the CME exchange also rose by 18.4% to $67.9 billion, marking the highest volume since November 2021.
Bybit and Wintermute started working together back in July 2021, coinciding with the launch of Bybit’s spot trading platform. This partnership has successfully weathered the ups and downs of the crypto market, and the two companies now collaborate even more closely to navigate the testing and turbulent crypto landscape.
For liquidity providers like Wintermute, mitigating risks associated with exchange failures is crucial. Yoann emphasizes that Wintermute highly values its collaboration with Bybit and prioritizes the quality of projects, tokens, and team reputations over sales and business development efforts by CEXs. Wintermute finds Bybit’s “solid and stable back-end technology platform” impressive. Furthermore, Bybit’s early adoption of a Unified Trading Account (UTA) for customers has been essential for global traders.
What to Expect in the Coming Year:
Eugene reveals that Bybit has launched a pilot program for OTC trading, a significant milestone that strengthens collaboration between the two companies and expands the horizons for the ecosystem in the long run. Bybit sees great potential in derivatives and options for OTC business, starting with OTC spot trading.
In his closing remarks, Ben emphasizes that while overall perpetual leverage is expected to decrease in the coming year, crypto options will gain more mainstream traction due to the increasing number of professional options traders entering the space. The options market has undergone a fundamental shift since the last bull run, major CEXs and the options ecosystem are poised for rapid growth. Bybit’s recent expansion into the Earn Product space also heralds a new chapter after the turbulence experienced.
Last but not least, it is crucial to closely monitor regional developments and approaches towards crypto and digital assets. Regions like Singapore, Hong Kong, Japan, and the UAE warrant monitoring as cryptocurrency adoption depends increasingly on clearer guidance. Firms are pivoting to high-growth Asia amid arguments that localized regulations could boost demand. According to Cointelegraph Research’s market maker geographic distribution database, Singapore currently leads the game, followed by the USA, Hong Kong, and the UK.
#Bybit / #TheCryptoArk
About Bybit
Bybit is a top-three cryptocurrency exchange by volume with 20 million users established in 2018. It offers a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press.
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X (Twitter) | Youtube
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View original content:https://www.prnewswire.co.uk/news-releases/crypto-market-makes-a-strong-comeback-bybit-and-wintermute-leadership-optimistic-on-options-trading-302022866.html
Blockchain Press Releases
DEX Platform DeriW Officially Debuts at the ‘Connecting Legends’ Event in Hong Kong
HONG KONG, Feb. 22, 2025 /PRNewswire/ — DeriW, powered by CoinW, celebrated the official product launch of its cutting-edge gas-free, decentralized perpetual exchange. The CoinW-hosted event took place at the prestigious The Henderson-Cloud 39 rooftop ballroom in Central Hong Kong during the ‘Connecting Legends’ after-party.
This landmark event brought together 400 leading figures from the cryptocurrency sector. It included crypto leaders, innovative projects, key opinion leaders (KOLs), and affiliates.
Interactive Fun and Airdrop Rewards
The evening began with an engaging short video showcasing DeriW as the pinnacle of trading platforms developed by the seasoned experts at CoinW.
Julia, Head of Marketing at DeriW, captivated the audience by outlining the core advantages of DeriW. She presented its vast opportunities available to traders and affiliates. There was also a sneak peek provided into the eagerly anticipated testnet launch.
Another highlight of the evening was a unique interactive event, designed to engage participants and give them a firsthand experience of DeriW’s user-centric platform.
Attendees had the opportunity to participate in various activities, and winners were rewarded with $USDT airdrops, which will be distributed following the platform’s mainnet launch.
Designed for the Future
DeriW sets itself apart by combining the robust security measures of traditional finance with the innovative flexibility of decentralized networks. At its core, DeriW utilizes state-of-the-art Layer 3 technology on Arbitrum Orbit.
This allows it to process up to 80,000 transactions per second without incurring gas fees.
Its technical prowess promises to deliver an unparalleled trading experience that is both cost-effective and exceptionally fast, catering to the needs of both novice and professional traders.
The launch was not only a celebration but also a forward-looking gathering that set the stage for the upcoming testnet phase of DeriW.
This phase is crucial as it allows users to evaluate the platform’s functionalities and provide necessary feedback.
It ensured that DeriW meets community standards and expectations before its full official rollout.
DeriW Ecosystem: A World of Opportunities
Following the Product Launch, DeriW invites Projects and Affiliates to take advantage of opportunities within the DeriW Ecosystem.
Affiliates can benefit from high commission rates of up to 50% and trading rebates for bringing in new traders, while Projects can make use of ample liquidity, token listing opportunities and extensive support for a successful product launch.
Stay Connected
DeriW is committed to transparency and community engagement.
Its official product launch is just the beginning of what promises to be a revolutionary journey in the world of cryptocurrency trading.
For those interested in DeriW’s latest developments and participating in its testnet:
- Follow them on Twitter: @deriwfi
- Visit their official website: www.deriw.com
- Join DeriW Community: https://t.me/deriwfinance
- Discord: https://discord.com/invite/deriwfinance
Join DeriW on this exciting journey to transform the digital finance landscape, one transaction at a time.
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View original content:https://www.prnewswire.co.uk/news-releases/dex-platform-deriw-officially-debuts-at-the-connecting-legends-event-in-hong-kong-302382795.html
Blockchain Press Releases
AB Set to Launch on BingX Exchange, Further Expanding Global Trading Channels
SINGAPORE, Feb. 22, 2025 /PRNewswire/ — AB DAO has officially announced that the AB token will soon be listed on BingX Exchange, with an official announcement to follow upon listing. This move will further expand global trading channels, enhance liquidity, and accelerate the worldwide growth of the AB ecosystem. This milestone will provide users with a seamless and secure trading experience while driving broader adoption of AB in the Web3 space.
As a leading global cryptocurrency exchange, BingX offers a secure and efficient trading environment for users worldwide. The listing of AB on BingX will enable more users to trade, invest, and actively participate in the AB ecosystem.
This listing is an important step in AB DAO’s global expansion strategy, with AB tokens set to be integrated into more major exchanges in the near future, expanding its use cases and accelerating ecosystem growth.
Additionally, investors can also trade $AB on HTX (htx.com), MEXC (mexc.com), and 4E (eeee.com). Furthermore, BitMart (bitmart.com) is also set to list the AB trading pair soon, providing even more trading opportunities for global investors.
Stay Updated on AB DAO
- Official Website: https://ab.org
- Telegram Community: https://t.me/Newtonproject
- Telegram Channel: https://t.me/AB202528
- X (Twitter): https://x.com/ABDAO_Global
- Discord: https://discord.gg/BSbgK6J
- Medium: https://medium.com/@AB.org
View original content:https://www.prnewswire.co.uk/news-releases/ab-set-to-launch-on-bingx-exchange-further-expanding-global-trading-channels-302382794.html
Blockchain Press Releases
CoinW First to List PI Perpetual Futures with the Highest Leverage – Launches Massive 43,000 USDT Trading Campaign
HONG KONG, Feb. 22, 2025 /PRNewswire/ — CoinW, a leading global cryptocurrency trading platform, proudly announces the listing of Pi Network (PI) perpetual futures, becoming the first major exchange to offer PI perpetual futures with the highest leverage in the market. The listing goes live on February 20, 2025, at 16:00 (UTC+8), coinciding with Pi Network’s highly anticipated mainnet launch. To celebrate this milestone, CoinW is introducing an exciting campaign with cashback rewards, trading competitions, and exclusive bonuses, featuring a total prize pool of 43,000 USDT.
Pi Network: A Game-Changer with Unprecedented Growth
Since its launch in 2019 by Stanford alumni Nicolas Kokkalis and Chengdiao Fan, Pi Network has grown into a global community of over 18 million KYC-verified users. Its innovative mobile-mining model and user-friendly consensus mechanism—based on the Stellar Consensus Protocol (SCP)—have democratized access to cryptocurrency. With 8 million users already migrated to the closed mainnet, the open mainnet is set to launch on February 20, 2025. Industry analysts expect this milestone to significantly influence PI’s market performance as it becomes accessible to the broader crypto trading ecosystem.
CoinW Leads the Charge with Exclusive Perks
As the first exchange to launch PI perpetual futures, CoinW is setting a new industry standard by offering the highest leverage available. This strategic move aligns with Pi Network’s vast, community-driven growth, providing traders with unique opportunities to capitalize on the anticipated market momentum.
Campaign Duration: February 20, 2025 – March 7, 2025 (UTC+8)
CoinW users can automatically participate in this campaign by trading PI spot or futures and unlocking rewards through four exciting sub-events.
Sub-event 1: New User Exclusive Gifts – Instant Rewards for First Trades
New users who register and trade PI for the first time during the campaign period will enjoy special welcome bonuses:
- Spot Trading Bonus: First-time PI spot traders with a trading volume of at least 50 USDT will receive 10 USDT in futures bonus.
- Futures Trading Bonus: First-time PI futures traders with a trading volume of at least 300 USDT will receive 10 USDT in futures bonus.
- Extra Super Bonus: New users who registered after February 13, 2025, and trade PI futures will receive an additional 10-200 USDT in futures bonus.
- Total prize pool: 10,000 USDT – first come, first served!
Sub-event 2: Trading Leaderboard – Compete for Top Rewards!
During the campaign, users who trade PI will be ranked based on their total trading volume, with the top traders earning significant USDT rewards:
Spot Trading Leaderboard Rewards:
- 1st place: 1,000 USDT in PI (Minimum 100,000 USDT trading volume)
- 2nd place: 600 USDT in PI (Minimum 80,000 USDT trading volume)
- 3rd place: 400 USDT in PI (Minimum 50,000 USDT trading volume)
- Ranks 4-100: Share 6,000 USDT in PI proportionally based on trading volume
Futures Trading Leaderboard Rewards:
- 1st place: 1,000 USDT in PI (Minimum 6,000,000 USDT trading volume)
- 2nd place: 600 USDT in PI (Minimum 3,000,000 USDT trading volume)
- 3rd place: 400 USDT in PI (Minimum 2,000,000 USDT trading volume)
- Ranks 4-100: Share 8,000 USDT in PI proportionally based on trading volume
Sub-event 3: Cashback Airdrop – Get Rewarded for Buying High!
To boost trading momentum, CoinW is introducing an exclusive cashback airdrop! The top 10 highest buy orders during the campaign will receive a 10% cashback airdrop, with 5,000 USDT maximum.
Sub-event 4: Invite Friends and Earn Together!
CoinW believes in rewarding its community. Simply invite new users to trade PI, and both you and your referrals will earn rewards:
- Invite a new user who completes at least 100 USDT in spot trading or 300 USDT in futures trading, and both users will receive 3 USDT in PI rewards.
- Total prize pool: 10,000 USDT in PI!
About CoinW
CoinW is a globally recognized cryptocurrency exchange known for its secure, user-friendly platform and innovative trading products. Operating in over 200 countries and regions, CoinW remains committed to empowering the crypto community with advanced tools and accessible trading experiences.
Website: https://www.coinw.com/
Twitter Official：https://twitter.com/CoinWOfficial
Telegram: https://t.me/coinwoff
YouTube Official: https://www.youtube.com/@CoinWOfficial
Linkedin: https://www.linkedin.com/company/coinwofficial/
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