Bybit is a prominent centralized cryptocurrency exchange (CEX) that stands out with its professional platform, featuring an ultra-fast matching engine, dedicated customer service, and multilingual community support. Established in March 2018, Bybit boasts a user base exceeding 10 million, serving both individual users and institutions. The platform provides access to a diverse range of assets and contracts across Spot and crypto derivatives, including Futures and Options. Additionally, Bybit offers launchpad projects, earn products, an NFT Marketplace, and more.
Bybit's Notable Partnerships:
Bybit proudly aligns itself with Formula One racing team Oracle Red Bull Racing, esports teams such as NAVI, Astralis, Alliance, Virtus.pro, Made in Brazil (MIBR), City Esports, and Oracle Red Bull Racing Esports. Furthermore, Bybit extends its support to association football (soccer) teams Borussia Dortmund and Avispa Fukuoka.
Product Offerings on Bybit:
Bybit's platform encompasses a diverse array of products, including Spot trading, Derivatives (featuring USDT perpetuals, USDC perps, inverse perps, futures, USDC options, and leveraged tokens), NFT marketplace, Bybit Earn, Buy Crypto, and Options.
Founder and CEO:
Bybit was founded by Ben Zhou, who currently serves as the CEO. A graduate of The University of Pennsylvania, Zhou brings a wealth of experience from his seven years at XM, one of China's largest forex brokerage companies.
Launch Date:
Bybit officially launched in March 2018.
Geographical Presence:
Registered in the British Virgin Islands as Bybit Fintech Limited, Bybit's headquarters are situated in Dubai, UAE, under Bybit Fintech FZE.
Restricted Countries:
While Bybit caters to a global audience, it is restricted in certain countries due to service limitations. Notable exclusions include the U.S, Singapore, Cuba, Crimea, Sevastopol, Iran, Syria, North Korea, Sudan, and Mainland China.
Supported Cryptocurrencies:
Bybit hosts over 100 cryptocurrencies, facilitating over 300 spot trading pairs. Major coins such as BTC, ETH, BIT, SOL, APE, DYDX, LTC, DOGE, AVAX, MATIC, DOT, and more are supported.
Fee Structure:
Bybit employs a tiered fee structure based on the maker-taker model. Fee tiers include non-VIP, VIP 1-3, and Pro 1-3, with varying rates for spot trading, perpetuals, and futures trading.
Leverage and Margin Trading:
Bybit offers traders the ability to engage in leveraged trading, with options of up to 100X leverage on various crypto derivatives products. Users can utilize both isolated margin and cross margin. The platform supports Inverse perpetuals, crypto futures, crypto options, and leveraged tokens.
