Dubai, United Arab Emirates, August 7, 2024, Chainwire
Bybit, the world’s second-largest cryptocurrency exchange by trading volume, today announced an unprecedented milestone, achieving a record-breaking daily trading volume of over 107 billion earlier this week. This extraordinary figure represents a staggering four-fold escalate compared to Bybit’s average daily trading volume of 25 billion, solidifying its position as the world’s second-largest cryptocurrency exchange.
The record volume was driven by solid trading activity across a wide range of products, including futures, spot and options. Bybit’s unwavering commitment to providing an excellent trading experience, combined with its solid platform infrastructure, played a pivotal role in driving this exceptional growth.
Platform stability and security in focus
Bybit prides itself on providing a safe and sound, stable and competent trading environment. The platform’s advanced security measures, including triple asset protection and resilient privacy protocols, ensure the safety of user funds and personal data. Additionally, Bybit’s world-class trading system consistently delivers exceptional performance, with a Trading Per Second (TPS) throughput of 800,000 – a significant improvement from the previous 500,000.
Global reach, user trust and unmatched support
With support for over 20 languages, Bybit serves a global user base of over 39 million registered users. This significant growth underlines the attractiveness of the platform for traders worldwide. Bybit is committed to providing its users with unparalleled support, offering 24/7 customer support to assist with any questions or issues.
“We are thrilled to announce this historic achievement,” said Joan Han, Chief Sales and Marketing Officer at Bybit. “This record-breaking trading volume is a testament to Bybit’s commitment to delivering a world-class trading platform that meets the evolving needs of our users and growing community. We are committed to maintaining our position as a leading cryptocurrency exchange by continually improving our offering and prioritizing user experience.”
#Bybit / #TheCryptoArk
About BybitBybit is the world’s second largest cryptocurrency exchange by trading volume, serving over 39 million users. Founded in 2018, Bybit provides a professional platform where cryptocurrency investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of the reigning Formula 1 Constructor and Driver Champions: Oracle (NYSE:) Red Bull Racing. For more information about Bybit, visit Bybit Press. For media inquiries, contact: media@bybit.comFor more information, visit: https://www.bybit.comFor updates, follow: Bybit Communities & Social MediaContactPR ManagerTony AuBybittony.au@bybit.com
