Blockchain Press Releases
Bybit Web3 Celebrates 10 Million Wallet Milestones and Unveils Giveaways Worth Over $500,000 and 50,000 Web3 Points
DUBAI, UAE, June 14, 2024 /PRNewswire/ — Bybit Web3, the Web3 division of Bybit — one of the top three global crypto exchanges by trading volume — is thrilled to announce that it has reached a significant milestone of 10 million Web3 wallets globally, marking a major achievement in the decentralized finance (DeFi) sector. This milestone underscores Bybit’s commitment to delivering exceptional services and driving growth in the Web3 ecosystem.
Bybit Web3’s meteoric rise is a testament to its robust user adoption and the trust it has garnered. The platform has successfully onboarded 1.4 million users through over 30 Initial DEX Offerings (IDOs), achieving an impressive average ROI of 2300% and generating more than $30 million in user profits. The innovative Airdrop Arcade has attracted hundreds of thousands of participants, significantly boosting network growth and community engagement. The recent launch of DEX Pro now offers users access to over 1 million tokens across nine chains, enhanced by cutting-edge i-SMART data technology. Bybit Web3’s NFT collaborations with top-tier brands have also shown strong demand, with the Velocity Pass 2.0 reaching $1 million in sales within hours.
“We are immensely proud to celebrate the monumental milestone of creating 10 million Bybit Web3 wallets globally. This achievement is not just a reflection of the hard work and dedication of our team but also a testament to the unwavering trust and support of our users. Bybit Web3 is committed to pushing the boundaries of innovation in the decentralized finance space,” added Ben Zhou, Co-founder and CEO of Bybit.
Key Achievements and Future Plans:
- Bybit Web3 Achieves 10M Wallet Milestone: Set to expand connectivity across 30+ chains by the end of June.
- Launches Over 30 IDOs, Onboarding 1.4M Users: Prepares for the enhanced IDO 2.0 with gamification and loyalty rewards.
- Airdrop Arcade Draws Over 3M Visitors: Strengthening partnerships and the Web3 ecosystem with new rewarding mechanics and strategic alliances.
- DEX Pro Experiences Explosive Growth: Doubling users and trading volume weekly across 1M+ tokens, powered by advanced smart data on-chain technology.
- Strategic NFT Collaborations: Partnering with top-tier brands like ORBR, Franck Muller, and Robbie Williams to explore the limitless possibilities of NFTs.
Unwrap the Fun: Celebrate with Our Giveaways:
To celebrate this milestone, Bybit Web3 is launching several community-driven initiatives, including:
- $500,000 worth of giveaways at Airdrop ArcadeA $500 Community Art Competition.
- A 50,000 Web3 Points giveaway.
- As well as NFT drops, product revamps, and more.
More details about these campaigns will be shared on Bybit Web3’s official social media channels.
“Our vision extends beyond mere numbers; it embodies our promise to be the Crypto Ark, safeguarding user assets and seamlessly integrating them into the crypto world. We are dedicated to bridging the gap between Web2 and Web3, creating a decentralized ecosystem that is simpler, more open, and equal for everyone. As we look to the future, we are excited about the endless possibilities and are committed to achieving many more milestones together. Here’s to a future where everyone can participate in and benefit from the transformative power of blockchain technology.”
#Bybit / #TheCryptoArk / #BybitWeb3
About Bybit Web3
Bybit Web3 is redefining openness in the decentralized world, creating a simpler, open, and equal ecosystem for everyone. We are committed to welcoming builders, creators, and partners in the blockchain space, extending an invitation to both crypto enthusiasts and the curious, with a community of over 1 million wallet users, over 10 major ecosystem partners, and counting.
Bybit Web3 provides a comprehensive suite of Web3 products designed to make accessing, swapping, collecting and growing Web3 assets as open and simple as possible. Our wallets, marketplaces and platforms are all backed by the security and expertise that define Bybit as a top 3 global crypto exchange, trusted by 30 million users globally.
Join the revolution now and open the door to your Web3 future with Bybit.
For more details about Bybit, please visit Bybit Web3.
About Bybit
Bybit is one of the world’s top three crypto exchanges by trading volume with 30 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 | Youtube
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DUBAI, UAE, June 24, 2024 /PRNewswire/ — Bybit, one of the world’s top three crypto exchanges by volume, is proud to announce the launch of its groundbreaking Futures Combo, a cutting-edge solution designed to revolutionize portfolio management. This product, the first of its kind, offers traders new tools to maintain a futures portfolio with fixed proportions, regardless of market fluctuations.
Futures Combo provides a comprehensive suite of features, including auto rebalancing, which ensures that each asset in the portfolio maintains its initial weight, effectively mitigating risks associated with market volatility. With Futures Combo, traders can rest assured that their portfolio is optimized, even in volatile conditions.
Auto-rebalancing can be triggered based on user preferences, set intervals or deviations from predefined thresholds. This flexibility empowers traders to customize their trading strategies according to their risk appetite and market outlook. Furthermore, the product beats existing rebalancing solutions, such as the spot rebalancing bot, which lacks the capability for short selling and leverage adjustments.
Futures Combo is applicable across a range of trading scenarios:
- Index Trading: Maintain a fixed-proportion asset portfolio to replicate market index performance.
- Relative Value: Capitalize on market disparities by longing one market sector and shorting another, regardless of market direction.
- Alpha Strategy: Mitigate market risk by longing an asset portfolio while shorting the benchmark asset, focusing on generating excess returns.
- Equal Weighting: Allocate your investment evenly to each asset and keep rebalancing. Enhance returns by giving more exposure to undervalued assets.
“Bybit’s Futures Combo gives traders an excellent new tool to manage their portfolios,” said Hao Yang, head of financial products at Bybit. “As the first platform to innovate this solution, Bybit continues to lead the way in the crypto industry, democratizing access to products that previously were only available to a select few.”
#Bybit / #TheCryptoArk
About Bybit
Bybit is a top-three cryptocurrency exchange by volume with 30 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 | Youtube
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View original content:https://www.prnewswire.co.uk/news-releases/bybit-introduces-futures-combo-revolutionizing-portfolio-management-302180084.html
Blockchain Press Releases
Bybit Report Reveals Decreased Stablecoin Exposure Among Institutional and Retail Investors, with Institutions Concentrating More on BTC and ETH
DUBAI, UAE, June 24, 2024 /PRNewswire/ — Bybit, one of the world’s top three crypto exchanges by volume, has released its Q2 Asset Allocation report, which covers the period from December 2023 to May 2024.
According to the report, as of May 2024, BTC remains the largest single asset held by all users, accounting for 26% of users’ total assets in this leading cryptocurrency.
The data also reveals a declining trend in stablecoin holdings for all users, decreasing from 50.2% in December to 42.8% in May. Excluding stablecoins, 61% of users’ crypto investments are allocated to BTC and ETH.
Similar to institutions, retail traders continue to show a preference for BTC over ETH, despite renewed optimism for ETH Spot ETFs. However, institutional positions in BTC and ETH have become more concentrated compared to those of retail traders, with holdings of 39.4% and 20.9% respectively, as of May.
Eugene Cheung, Head of Institutions at Bybit, said, “As a leading crypto exchange in the industry, Bybit continues to solidify its position as the preferred partner for institutions seeking a reliable and robust trading platform. Our commitment to providing deep liquidity, ensuring asset safety, and offering a capital-efficient account structure sets us apart. We remain dedicated to providing the highest quality service and support, empowering institutions to thrive in the dynamic world of digital assets.”
The report also provides insights into altcoin holding trends and the leverage behavior among institutions and retail traders. Read the full report now here.
#Bybit / #TheCryptoArk
About Bybit
Bybit is one of the world’s top three crypto exchanges by trading volume with 30 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 | Youtube
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Logo – https://mma.prnewswire.com/media/2267288/Logo.jpg
Sarah Brennan, an accomplished figure in corporate and securities law, serves as General Counsel at Delphi Ventures, focusing on investments in the Web3 space. With over 14 years of experience in securities law and a deep involvement in digital assets since 2017, Brennan also co-leads LeXpunK, a collective dedicated to establishing legal frameworks for decentralized digital communities.
In a candid interview with a prominent cryptocurrency news outlet, Brennan discussed various critical topics. She addressed the emergence of crypto super PACs, funded significantly by major firms like Ripple and Circle, to counter strict SEC regulations. Brennan viewed the SAB 121 bill, backed by the US administration, as potentially isolating the crypto community from broader financial integration.
While acknowledging the influence of centralized entities in advocating for crypto interests, Brennan cautioned against replicating traditional financial hierarchies within the crypto sphere, which contradicts its revolutionary ethos. She expressed concerns about monopolistic scenarios that could dominate the crypto landscape, exerting excessive control over essential industry components and traditional financial operations.
Regarding regulatory challenges, Brennan advocated for tailored regulations to manage systemic risks posed by large centralized crypto institutions. She criticized the current regulatory opacity and inconsistency, which she believes have fostered suboptimal business practices. Through LeXpunK, Brennan endeavors to pioneer experimental legal structures that could redefine regulatory compliance for token issuances, though reception from policymakers has been lukewarm.
Looking ahead, Brennan emphasizes the need for proactive regulatory approaches using antitrust measures to prevent crypto monopolies, promote decentralization, and target bad actors. However, she highlighted the persistent communication gap between crypto-literate legal advocates and hesitant regulators as a significant obstacle.
Brennan continues to drive forward her mission through new advocacy platforms aimed at shaping the future of cryptographic regulation, navigating complexities to ensure balanced and effective regulatory frameworks in the evolving crypto landscape.
Source: shakirabrasil.info
The post Legal Luminary Sarah Brennan Champions Pioneering Crypto Regulation Approaches appeared first on HIPTHER Alerts.
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