DUBAI, UAE, Jan. 17, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency alternate by buying and selling quantity, has been acknowledged because the second hottest cryptocurrency alternate globally, based on the newest report from CryptoQuant. The “2024 Crypto Survey: Alternate Use and Investor Habits” underscores Bybit’s unmatched attraction to skilled merchants, dedication to safety, and progressive choices that cater to a various, international person base.
Bybit’s platform has change into a hub for full-time merchants, with 52% of surveyed customers figuring out as professionals—outperforming rivals OKX (38%) and Binance (37%). This success is supported by initiatives just like the Bybit Dealer Program, which has onboarded over 700 new purchasers in 2024, elevating the overall to 1,500 institutional purchasers. Moreover, Bybit’s Unified Buying and selling Account (UTA) simplifies buying and selling by centralizing spot, futures, and choices actions in a single seamless interface. Supporting over 70 cryptocurrencies as collateral, this technique empowers merchants to maximise their capital effectivity by utilizing unrealized income as margin throughout numerous merchandise. UTA’s position in managing 99% of the platform’s buying and selling quantity showcases its significance to Bybit’s ecosystem.
Moreover, Bybit’s integration of MetaTrader 5 permits customers to diversify into conventional markets, resembling Gold and FX, utilizing USDT, marking one other step ahead in assembly the wants {of professional} merchants.
Bybit’s international recognition spans areas together with Africa, South America, the Center East, Asia, Europe, and Oceania, the place it maintains a dominant presence. Even because the alternate strategically exits sure jurisdictions to adjust to regulatory necessities, Bybit’s adherence to a compliance-first method ensures sustainable development in markets with clear regulatory frameworks. This adaptability has strengthened Bybit’s place as a trusted and dependable international platform.
The report additionally acknowledges Bybit’s excellence in safety, customer support, and P2P buying and selling, the place it ranks because the third-best alternate globally. These accolades mirror Bybit’s dedication to delivering a safe, user-focused expertise that builds belief and loyalty inside its rising group.
Joan Han, Gross sales & Advertising Director at Bybit, shared:
“This achievement displays our crew’s unwavering dedication and dedication to delivering a world-class buying and selling expertise. We actively hearken to our purchasers’ requests and constantly enhance our instruments to make sure a smoother buying and selling journey. Our potential to adapt and thrive in numerous markets speaks to the energy of our imaginative and prescient and our concentrate on fostering a safe, accessible, {and professional} crypto ecosystem. As we proceed to innovate and develop, we stay devoted to empowering merchants worldwide with the instruments and belief they should succeed.”
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About Bybit
Bybit is the world’s second-largest cryptocurrency alternate by buying and selling quantity, serving a world group of over 60 million customers. Based in 2018, Bybit is redefining openness within the decentralized world by creating a less complicated, open and equal ecosystem for everybody. With a powerful concentrate on Web3, Bybit companions strategically with main blockchain protocols to supply sturdy infrastructure and drive on-chain innovation. Famend for its safe custody, numerous marketplaces, intuitive person expertise, and superior blockchain instruments, Bybit bridges the hole between TradFi and DeFi, empowering builders, creators, and lovers to unlock the complete potential of Web3. Uncover the way forward for decentralized finance at Bybit.com.
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