Bybit

Bybit

About Bybit

Bybit stands as a centralized cryptocurrency exchange (CEX) that presents a professional-grade platform characterized by an exceptionally swift matching engine, high-quality customer service, and a multilingual community support network tailored to traders of varying expertise.

 

Since its establishment in March 2018, Bybit has garnered a user base exceeding 10 million individuals and institutions. The platform grants access to an expansive spectrum of over 100 assets and contracts, spanning both Spot trading and cryptocurrency derivatives like Futures and Options. It also encompasses features like launchpad projects, earn products and an NFT Marketplace.

 

Founders of Bybit

Founded by CEO Ben Zhou, Bybit’s origins can be traced back to the distinguished career of its creator. Zhou embarked on a notable journey after completing his education at The University of Pennsylvania. He returned to China and dedicated seven years to XM, a prominent forex brokerage firm within the country.

 

In 2018, leveraging his accumulated experience and insights, he co-established Bybit, a cryptocurrency derivatives exchange that would come to redefine the industry.

 

Launch Date of Bybit

The inauguration of Bybit took place in March 2018, marking the commencement of a fresh chapter in the landscape of cryptocurrency exchanges.

 

Location of Bybit

Operating as Bybit Fintech Limited, the company is officially registered in the British Virgin Islands, and its headquarters are located in Dubai, UAE, under the name Bybit Fintech FZE. This strategic alignment transcends geographical boundaries, establishing Bybit as a global presence.

 

Restricted Countries on Bybit

Bybit extends its global accessibility to customers around the world, excluding regions with service limitations. These restricted areas encompass countries like the U.S, Singapore, Cuba, Crimea, Sevastopol, Iran, Syria, North Korea, Sudan, and Mainland China

 

Supported Coins on Bybit

Within its portfolio, Bybit proudly offers a diverse selection of over 100 cryptocurrency tokens and an expansive assortment of more than 300 spot trading pairs. This encompassing variety includes prominent coins such as BTC, ETH, BIT, SOL, APE, DYDX, LTC, DOGE, AVAX, MATIC, DOT, among others.

 

Leverage and Margin Trading on Bybit

Bybit further empowers traders with the potential for significant gains through leveraging, offering up to 100X leverage on an array of crypto derivatives products. This encompasses an impressive range of options including BTC/USD, ETH/USD, XRP/USD, EOS/USD, and various other perpetual contracts.

 

Traders can effectively manage their positions using isolated margin and cross-margin strategies. The platform extends its offerings to include Inverse perpetual, crypto futures, crypto options, and leveraged tokens, equipping users with an extensive toolkit for diverse trading strategies

Fiat Money

USD

Basic info

Supported types

Derivatives

Tokens

Volume (BTC)

33315

Launched

01/03/2018

Headquarters office

Dubai

Fees

Bybit implements a structured fee system that adheres to a maker-taker model, with distinct tiers catering to a diverse range of users. These tiers include non-VIP, VIP 1, VIP 2, VIP 3, Pro 1, Pro 2, and Pro 3. At the non-VIP level, spot trading incurs a maker and taker fee of 0.10%, while perpetual and futures trading carries a taker fee of 0.06% and a maker fee of 0.01%.

Conversely, for Pro 3 level users, spot trading fees are reduced to 0.02% for takers and are completely waived for makers. Similarly, derivatives trading fees for Pro 3 stand at 0.03% for takers and 0% for makers

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