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Blockchain Press Releases

Bybit Celebrates Six Years of Transformational Growth

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DUBAI, UAE, Dec. 4, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, proudly marks its 6th anniversary, celebrating a journey of innovation, resilience, and growth that has redefined the cryptocurrency landscape.

Bybit’s meteoric rise in the cryptocurrency world is reflected in its remarkable achievements. Over the past year, Bybit’s registered user base has tripled from 20 million during its 5th anniversary to nearly 60 million as it celebrates its 6th anniversary, a testament to the platform’s ability to attract and retain a rapidly growing global audience. Bybit now averages $33 billion in daily trading volume over the past quarter, , with an all-time-high trading volume of $100 billion recorded in August 2024. This growth has catapulted Bybit to the second spot in spot market share, rising from 7th place last year with 3.2% to 8.51% in 2024. Bybit has also seen significant progress in the derivatives market, increasing its share from 6% to 15%, a testament to its robust offerings and strategic advancements.

Reflecting on Bybit’s incredible transformational journey, Ben Zhou, Co-founder and CEO of Bybit, remarked:
“Bybit’s journey is a story of transformation. Over the past six years, we have not only achieved milestones but also reimagined what’s possible in the crypto industry. At Bybit, we’re driven by a commitment to innovation, trust, and inclusivity, shaping the future of Web3 and empowering millions to participate in the digital economy. Together, we’re building a world where opportunities are limitless.”

Innovation as a Transformational Driving Force

Innovation has been a cornerstone of Bybit’s success. The platform has introduced transformative products like bbSOL, the first exchange-backed LST token on its Web3 staking platform, and DEX Pro, an advanced decentralized trading solution that bridges the gap between centralized and decentralized exchanges. These developments were showcased during the 2024 WSOT DEX Wave, which highlighted Bybit’s ability to integrate CEX and DEX platforms seamlessly.

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Trailblazing the Web3 Ecosystem

Bybit’s leadership in the Web3 ecosystem is further evident in its growing market share within the TON ecosystem, which increased from 3% at the start of 2023 to 17% in late 2024.The exchange has also strengthened its presence in the Web3 space, with its share of the TON ecosystem soaring from 3% in early 2023 to 17% in late 2024. This remarkable growth underscores Bybit’s commitment to delivering state-of-the-art solutions tailored to an evolving crypto landscape.

Earlier this year, Bybit became the first exchange to complete the Catizen ($CATI) tokens through an airdrop, part of the Telegram-based tap-to-earn game Catizen. Bybit’s ability to handle complex airdrop operations demonstrates its technical infrastructure’s strength and commitment to advancing Web3 opportunities.

Global Compliance and Community Commitment

Bybit’s compliance-first approach has been pivotal in securing licenses across major jurisdictions, including Argentina, the Netherlands, Kazakhstan, Georgia, Lithuania, Turkey, Dubai and among others. Demonstrating its dedication to inclusivity and innovation, Bybit became the first global crypto exchange to introduce Sharia-compliant islamic accounts, making its services accessible to a broader range of communities. These initiatives foster stronger connections and reflect Bybit’s mission to create a trusted and vibrant web3 ecosystem for the global users.

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Bybit continues to strengthen its commitment to fostering a vibrant and engaged blockchain community. In 2024, the company made notable strides by actively contributing to the Blockchain for Good Alliance (BGA), onboarding over 100 partners, and attracting more than 1,000 participants to its latest hackathon. To celebrate exceptional achievements, the BGA Web3 Oscar Awards were recently held in Bangkok, recognizing seven projects that exemplify the alliance’s mission to harness blockchain technology for a sustainable future. Additionally, Bybit’s Crypto Content Creator Campus 2024 brought together over 200 creators, with Bybit, as the title sponsor, playing a crucial role in empowering the next wave of crypto content innovators.

As Bybit celebrates its 6th anniversary, it remains steadfast in its mission to “Build, Transform, and Supercharge” the crypto and Web3 ecosystem. Bybit’s journey of innovation and trust promises a bold future as it continues to lead the charge in shaping the digital economy.

#Bybit / #Super6Bybit

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides 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.

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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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Blockchain Press Releases

Bybit Registers with FIU-IND and Commits to the Indian Markets

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DUBAI, UAE, Feb. 6, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has successfully registered with FIU-IND, reinforcing its commitment to regulatory compliance in India. As part of this process, Bybit has settled the monetary fine and diligently addressed and resolved prior regulatory matters, further demonstrating its dedication to transparency and the highest standards in the Indian market.

Bybit is committed to operating within the regulatory framework of India and takes its compliance obligations seriously. We have been working diligently with the FIU-IND to address their concerns and ensure full adherence to the Prevention of Money Laundering Act (“PMLA”) and associated regulations. We recognize the importance of robust Anti-Money Laundering (“AML”) and Combating the Financing of Terrorism (“CFT”) measures and are dedicated to upholding the highest standards in these areas.

We believe that our engagement and cooperation throughout the FIU-IND registration process demonstrates our commitment to compliance. We have been actively working to fulfill all necessary requirements for compliance, including its registration application on 26 June 2024 as a Virtual Digital Asset Service Provider (“VDASP”) in India.

Bybit is also proactively involved in the Indian crypto community to educate users and spread awareness. Bybit is currently a Silver Associate Member with the Bharat Web3 Association (“BWA”) . Through this partnership, we hope to use our platform to promote Web3 adoption and foster innovation in the Indian crypto ecosystem.

Bybit’s not-for-profit initiative Blockchain for Good Alliance (“BGA”) has partnered with blockchain societies of top universities like Blockchain Society of IIT Delhi and Blockchain Society of IIT Kharagpur to drive crypto education in India. Bybit will also be conducting a series of hackathons, workshops, and other events in partnership with top universities to foster crypto and blockchain education and awareness within the Indian market in the coming months.

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Bybit recognizes the great potential of the Indian market, and is committed to offering the best services and products to all Indian users, including Spot, Derivatives, Options, Bybit Earn, and more.

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 Bybit.com.

For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

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Blockchain Press Releases

TON and Mantle Set to Reveal 2025 Infrastructure Investments & Incubation Roadmap on Bybit Web3 Livestream

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DUBAI, UAE, Feb. 6, 2025 /PRNewswire/ — Bybit Web3 , the Web3 division of Bybit, is thrilled to announce the upcoming livestream event TON x Mantle in 2025: What’s Next After a Breakout Year? Set for February 7, 2025, at 8 AM UTC, this virtual gathering will spotlight the next phase of cross-chain innovation, emerging Web3 trends, and the strategic collaboration between Bybit and the TON Accelerator.

As Web3 gears up for a new bull run, the event will bring together key industry leaders to reflect on 2024’s major milestones and unveil their strategic vision for the year ahead. The discussion will highlight how cross-chain synergy, TON ecosystem growth, and developer acceleration are shaping the future of decentralized finance and blockchain adoption.

Unveiling Cross-Chain Synergy: Key Discussion Points

This livestream aligns with Bybit’s partnership with the TON Accelerator, which was announced in December 2024, and aims to support Web3 developers and startups in the Synergy Cohort. It will explore the way TON and Mantle ecosystems are going into the 2025 bull run.

Attendees will gain valuable insights on:

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  • Cross-Chain Synergy: How TON and Mantle are driving interoperability and unlocking new business opportunities.
  • TON Accelerator’s Impact: A showcase of top projects from the inaugural Synergy Cohort, with insights into their journey and upcoming milestones.
  • Web3 Liquidity & Investment Trends: Identifying the most promising DeFi and blockchain investment opportunities for 2025.
  • Beyond Tap-to-Earn: Strategic insights for sustainable growth and scalability in blockchain gaming and Web3 applications.

Spotlight on Expert Panelists

The event boasts a powerhouse lineup of speakers, including:

  • Shadie Berro, Social Media Lead at Bybit & Host
  • Alena Shmalko, Ecosystem Lead at TON Foundation
  • Inal Kardan, Partner at TON Ventures
  • Sophia Rusconi, Head of Acceleration at TON Accelerator
  • Sami Al-Abed, Head of DeFi at TON Accelerator
  • Zuki, Head of growth at FBTC, representing Mantle

Each panelist will share unique insights into TON’s evolving ecosystem, emerging narratives, and the role of cross-chain collaboration in accelerating Web3 adoption. They will dive into “Cross-Chain Synergy: Building the Future of Adoption – TON & 1B Telegram Users + Mantle & EVM Liquidity” and explore the latest developments, emerging trends, and what’s next in the TON and Mantle ecosystems.

Exclusive Livestream Rewards

Viewers will have the chance to win exclusive rewards, including:

–      Trade-to-Win Red Packet Giveaway

–      New User Exclusive Offers

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Eligible participants can claim bonuses and prizes directly through their Bybit accounts. Full terms and conditions are available on the Bybit platform.

This livestream marks another key milestone in Bybit’s mission to foster innovation, education, and collaboration in the blockchain space. As Bybit continues to empower Web3 builders, this event offers a front-row seat to the future of decentralized technology and cross-chain synergy.

#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 130 million wallet addresses across over 30 major ecosystem partners, and counting.

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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 the world’s second-largest cryptocurrency exchange by trading volume, trusted by over 60 million users globally.

Join the revolution now and open the door to your Web3 future with Bybit.

For more details about Bybit Web3, please visit Bybit Web3.

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 Bybit.com.

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For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

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Blockchain Press Releases

Vantage Markets Partners with Scuderia Ferrari HP for a Multi-Year Sponsorship

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SYDNEY, Feb. 6, 2025 /PRNewswire/ — Vantage Markets, a leading global multi-asset trading platform, is thrilled to announce its partnership with Ferrari, one of the most iconic teams in motorsport. This collaboration, commenced on January 13, 2025, will see Vantage become an Official Partner of the Scuderia Ferrari HP F1 team, marking a significant milestone for both brands in their pursuit of excellence.

As Official Partner, Vantage will be featured within Ferrari’s Formula 1 ecosystem and across Ferrari platforms, as part of a bond that embodies shared values of pursuing excellence and innovation.

Marc Despallieres, Chief Executive Officer at Vantage, expressed his enthusiasm:
“Partnering with Ferrari is an exciting milestone for Vantage. Ferrari’s legacy of speed and innovation mirrors our own commitment to empowering traders with cutting-edge tools and exceptional performance. Together, we aim to inspire our global community with the perfect blend of motorsport and trading expertise.”

Lorenzo Giorgetti, Chief Racing Revenues Officer at Scuderia Ferrari HP: “We are pleased to welcome Vantage Markets as an official partner of Scuderia Ferrari HP. This collaboration is built on shared values of innovation, precision, and performance—core principles that drive both our team in Formula 1 and Vantage in the world of trading. We look forward to working together to engage our global audiences in exciting new ways.”

With this exciting venture, Vantage Markets is poised to reward its users with exceptional experiences while joining motorsport enthusiasts worldwide in supporting Scuderia Ferrari HP.

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For more information about this exciting partnership and what’s ahead, visit the website.

About Vantage

Vantage Markets (or Vantage) is a multi-asset broker offering clients access to a nimble and powerful service for trading Forex and Contracts for Difference (CFDs) products on, Commodities, Indices, Shares, ETFs, and Bonds.

With over 15 years of market experience, Vantage transcends the role of broker, providing a trusted trading ecosystem, an award-winning mobile trading app, and a user-friendly trading platform that empowers clients to seize trading opportunities. Download the Vantage App on App Store or Google Play.

trade smarter @vantage

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Vantage Global Prime Pty Ltd (ACN 157 768 566), located at 12/15 Castlereagh Street, Sydney, NSW, Australia, 2000, and is authorised and regulated by the Australian Securities & Investments Commission (ASIC) AFSL no. 428901.

Trading derivatives carries significant risks. It is not suitable for all investors and if you are a professional client, you could lose substantially more than your initial investment. When acquiring our derivative products, you have no entitlement, right or obligation to the underlying financial assets. Past performance is no indication of future performance and tax laws are subject to change. The information on this website is general in nature and doesn’t take into account your personal objectives, financial circumstances, or needs. Accordingly, before acting on the advice, you should consider whether the advice is suitable for you having regard to your objectives, financial situation and needs. We encourage you to seek independent advice if necessary.

You should consider whether you’re part of our target market by reviewing our Target Market Determination (TMD), reading our Product Disclosure Statement (PDS), and other legal documents to ensure you fully understand the risks before you make any trading decisions. We encourage you to seek independent advice if necessary.

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