Bit Bybit becoming the new player for a new era

Wherever there is a new asset class, there is a derivatives exchange. Some investors want to be able to hedge and avoid losses, others want to benefit when prices move. In the United States, the Chicago Board Options Exchange, founded in 1973, and the Chicago Mercantile Exchange, founded in 1898, most famously play this role.

The world of cryptocurrency is global and decentralized, but it is developing along similar lines. There are many derivative exchanges and hundreds of cryptocurrencies. Few anticipated that Bybit would become one of the top five in two years, a level of growth that sometimes takes even ourselves by surprise.

We have focused on a handful of cryptocurrency pairs that offer the best liquidity, and created a user-friendly and secure trading environment. Our users store their virtual assets in multi-signature cold wallets, i.e. they are not connected to the internet (think of it like a digital locker).

Internally, we have strong protocols and a team of 30 white and black hat hackers that simulate what a security attack would look like.

The white hats always win.

We also take our responsibilities with regulators seriously and are in constant dialogue with them across the world.  

That’s probably why more than 1.5 million users from more than 110 countries have used Bybit. Pleased by our strong focus on round-the-clock multi-lingual support, customer education, risk management, 24/7 accessibility, they look forward to our new products. Most of our 290-strong team have switched from the worlds of traditional finance and fintech.