Bybit Next Level 2022 — Becomes the world’s ‘crypto sheet’

VICTORIA, Seychelles –News live– Bybit

Ben Zhou, co-founder and CEO of Bybit, the third most visited cryptocurrency exchange in the world, celebrated a flurry of new products and milestones in his semi-annual review. He also shared details of new product arrivals for Bybit, including a debit card and wallet.

Recent significant milestones

• 10 million users in 160 countries. In August 2022, Bybit reached a total of 10 million users, a major milestone for the fast-growing crypto exchange.

• Supports 16 languages. Bybit moved towards becoming a global crypto exchange, and now supports trading in 16 languages, as well as 24/7 customer support available in 13 languages.

• The third most visited crypto exchange. Bybit was the third most visited crypto exchange every month in 2022.

• Established 12 country-specific teams. Bybit is determined to be the crypto ark for the world, and its 12 local market teams saw 5x quarterly growth on average across local markets:

  • 27% growth in Mexico

  • 346% growth in Argentina

  • 109% growth in Vietnam

  • 255% growth in Brazil

• Deepening partnerships. In 2022, Bybit became the main crypto partner of the outstanding F1 team Oracle Red Bull Racing. Bybit launched several NFTs with Oracle Red Bull Racing, including the Playseat Auction at the Monaco Grand Prix where the winner won the physical playseat and an NFT playseat.

• Global sponsorships. Bybit continued its existing sponsorship with German football club Borussia Dortmund (BVB) and Japanese J League football club Avispa Fukuoka. The crypto exchange also added MIBR, the biggest esports team in Brazil, to the list of esports teams, which includes NAVI and Astralis.

• Give back. After a record turnout for Bybit’s annual World Series of Trading competition, Bybit was able to pledge $900,000 in BTC to UNICEF from the WSOT prize pool. The funds will help with digital learning for children in East Asia and the Pacific, and increase STEAM education for girls in Vietnam.

The latest about Bybit’s products and services

• Bybit card. The Bybit debit card is coming soon! It will allow users to pay for goods and services with stablecoins such as USDC. Bybit will partner with a major debit card provider to provide access to crypto payments worldwide.

• Web3 Aggregator and Wallet. The Bybit team is working on a web3 Aggregator, which will show users the hottest projects in DeFi, and includes tutorials to help new users. It will work together with Bybit Wallet, another highly anticipated product coming soon.

• Options trading. In 2022, Bybit released the first-in-the-market USDC Options trading and settlement. The stablecoin margined options contract allows users to trade BTC, ETH and SOL crypto options easily using USDC.

• Futures and Perpetuals. Bybit’s flagship product – which includes perpetual and expiration futures – has continued to be massively successful in 2022. On average, there were 200,000 active daily traders on Bybit’s derivatives platform, generating an average daily trading volume of over $10 billion.

• Fiat on-ramps. Bybit improved access to crypto for users worldwide by supporting crypto purchases with 30 different fiat currencies. The use of this feature has increased almost 6 times since its launch, with almost 24,000 transactions per month.

• Launchpad and Launchpool. Bybit is an incubator for promising web3 products. In 2022, nearly 850,000 Bybit clients participated in launches of the Launchpad token.

• Spot trading. In 2022, Bybit expanded its spot pair listings and now has 260 trading pairs that allow users to go further in trades and enjoy maximum profitability due to Bybit’s significant market depth and best-in-class liquidity.

• Grid Trading Bot. Grid trading bots are a brand new edition of Bybit’s selection with an already available bot for the spot market, and a derivatives trading bot coming very soon.

“We’re here so people can take advantage of what the web3 world can offer,” Zhou said during the session. “Whether you’re looking for the financial freedom, whether you’re looking for the technological innovation, or whether you’re using crypto to hedge a risk either with your local fiat or due to the pandemic. We’re here to build adoption-ready products to helping our users step into the world of crypto. Our mission is to empower crypto believers to achieve their dreams.”

See the entire broadcast Bybit Youtube, Bybit Facebook and Bybit Twitter.

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About Bybit

Bybit is a cryptocurrency exchange established in March 2018 that offers a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service and multilingual community support. Bybit is a proud partner of the Formula 1 racing team, Oracle Red Bull Racing, the esports teams NAVI, Astralis, Alliance, Virtus.pro, Made in Brazil (MIBR), City Esports and Oracle Red Bull Racing Esports, and the football (soccer) ) team Borussia Dortmund and Avispa Fukuoka.

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