Bybit Achieves Record-Breaking Daily Trading Volume of 107 Billion

Dubai, United Arab Emirates, August 7th, 2024

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has announced a significant achievement, reaching an all-time high daily trading volume of over 107 billion earlier this week. This impressive figure marks a fourfold increase compared to Bybit’s daily average volume of 25 billion, further cementing its standing as a leading player in the cryptocurrency exchange market.

The record-setting volume was fueled by vigorous trading activity across a variety of products, including perpetuals, futures, spot, and options. Bybit’s dedication to optimizing the trading experience and its robust platform infrastructure have played crucial roles in this remarkable growth.

Platform Stability and Security at the Core

Bybit emphasizes the delivery of a safe, stable, and efficient trading environment. The platform employs advanced security measures, such as triple-layer asset protection and strong privacy protocols, to safeguard user funds and personal information. Additionally, Bybit boasts a top-tier trading system with a Trading Per Second (TPS) capacity of 800,000, significantly improved from the previous capacity of 500,000.

Global Reach, User Trust, and Unmatched Support

With support for over 20 languages, Bybit serves a diverse user base of more than 39 million registered users, highlighting its widespread appeal among traders globally. The exchange is committed to providing exceptional customer support, with 24/7 assistance available to address any inquiries or issues.

“We are thrilled to announce this historic achievement,” said Joan Han, the Sales & Marketing Director at Bybit. “This record-breaking trading volume demonstrates Bybit’s commitment to creating a world-class trading platform that caters to the evolving needs of our users and growing community. We are dedicated to maintaining our position as a leading cryptocurrency exchange by continuously enhancing our services and prioritizing user satisfaction.”

About Bybit

Established in 2018, Bybit is the second-largest cryptocurrency exchange by trading volume, catering to over 39 million users. The platform offers a professional trading environment that features an ultra-fast matching engine, round-the-clock customer service, and multilingual community support. Bybit is also proud to partner with the reigning Constructors’ and Drivers’ champions of Formula One, the Oracle Red Bull Racing team.

For more details or media inquiries, please contact the Head of PR, Tony Au.