DUBAI, UAE, July 25,
2024 /PRNewswire/ -- Bybit, the world's
second-largest crypto exchange by trading volume,
today announced it has reached the second place in the derivatives
market, according to the latest CoinMarketCap figures, solidifying
its status as the world's second-largest crypto
exchanges by trading volume. This significant achievement
underscores Bybit's commitment to providing a superior trading
experience for its users.
"We are incredibly proud to reach this milestone," said
Joan Han, Sales & Marketing
Director at Bybit. "Our ascent to the No. 2 position in the
derivatives market is a testament to our relentless focus on
innovation and user satisfaction. By continually improving our
product offerings, we empower our users with the tools they need to
execute trades more effectively."
Bybit attributes its success in the derivatives market to
several key factors, including:
- The Power of the Unified Trading Account (UTA): The UTA
revolutionizes crypto trading by offering an
all-in-one account that streamlines the experience and empowers
users to manage their finances and risk effectively. It eliminates
the need to switch between separate accounts for spot trading,
margin trading, perpetual contracts, options, and futures. This
versatility allows for unparalleled flexibility, including
cross-margin trading with over 160 tokens. Users can even leverage
unrealized profits to open new positions, maximizing their capital
efficiency. The statistic that 96% of Bybit Institutional Investor
Services (INS) clients utilize the UTA for their trading activities
speaks volumes about its effectiveness.
- Enhanced Product Offerings: Bybit prioritizes the development
of cutting-edge trading features. The introduction of Iceberg Order
and Websocket Order placement exemplifies this commitment,
providing users with greater control and flexibility over their
trades.
- Advanced Risk Management Features: Bybit prioritizes user
safety and security. The exchange implements features like delayed
auto-repayment and automatic risk limit tier adjustments,
empowering users to manage their risk profiles effectively.
Bybit's ascent to the No. 2 position in the derivatives market
signifies the exchange's dedication to becoming the premier
destination for all crypto communities. With a
relentless focus on innovation, user-centric features, and robust
safety and risk management tools, Bybit is poised to continue its
impressive growth trajectory.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world's second-largest cryptocurrency
exchange by trading volume, serving over 37 million users.
Established in 2018, Bybit provides a professional platform where
crypto investors and traders can find an ultra-fast
matching engine, 24/7 customer service, and multilingual community
support. Bybit is a proud partner of Formula One's reigning
Constructors' and Drivers' champions: the Oracle Red Bull Racing
team.
For more details about Bybit, please visit Bybit Press.
For media inquiries, please contact: media@bybit.com
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit's Communities and Social
Media
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SOURCE Bybit