Bybit

Bybit is a centralized cryptocurrency exchange platform established in March 2018, serving a global community of over 60 million users. The platform offers comprehensive crypto trading services including spot trading, derivatives, and Web3 solutions. ^[1]

Overview

Bybit operates as one of the world's largest cryptocurrency exchanges by trading volume, consistently ranking among the top platforms globally. The exchange is registered in the British Virgin Islands as Bybit Fintech Limited and maintains its headquarters in Dubai, UAE, under Bybit Fintech FZE.

The platform processes significant daily trading volumes, with recent figures showing approximately $4 billion in 24-hour trading volume across its various markets.

Key Features

Trading Products

• Spot Trading: Over 100 crypto tokens and 300+ trading pairs
• Derivatives Trading: Perpetual contracts, futures, and options
• Leveraged Trading: Up to 100x leverage on crypto derivatives
• Copy Trading: Allows users to replicate successful traders' strategies
• Trading Bots: Automated trading tools including Grid Bot and DCA Bot

Additional Services

• Bybit Card: Offers up to 10% cashback and 8% APR
• Bybit Earn: Yield-generating products for asset management
• NFT Marketplace: Platform for digital collectibles trading
• Web3 Services: Infrastructure for blockchain protocol integration

Fee Structure

Bybit implements a tiered fee structure based on a maker-taker model:

• Non-VIP users: 0.10% for spot trading
• Derivatives trading: 0.06% (taker) and 0.01% (maker)
• Professional tier (Pro 3): Spot trading fees as low as 0.02% (taker) and 0% (maker)

Leadership and Team

Ben Zhou serves as the founder and CEO of Bybit. Prior to establishing Bybit, Zhou worked for 7 years at XM, one of China's largest forex brokerage companies. He graduated from The University of Pennsylvania before returning to China to work in the financial sector.

Geographic Restrictions

While Bybit maintains a global presence, the platform is restricted in several jurisdictions including:

• United States
• United Kingdom
• Mainland China
• Hong Kong
• Singapore
• Canada
• North Korea
• Cuba
• Iran
• Uzbekistan
• Russian-controlled regions of Ukraine
• Syria

Security and Compliance

The exchange emphasizes security through:

• Cold wallet storage systems
• Regular security audits
• Proof of reserves verification
• Partnership with regulatory bodies worldwide

Regulatory Compliance and Licensing

Bybit operates in a rapidly evolving regulatory landscape, adapting its policies to align with regional compliance requirements. While registered in the British Virgin Islands, the exchange has obtained operational licenses in select jurisdictions to enhance legitimacy and user trust.

Recent regulatory developments include:

• Registration in Dubai, UAE – Bybit has established a headquarters in Dubai, aligning with the region's crypto-friendly regulatory framework.
• User KYC Requirements – Bybit enforces Know Your Customer (KYC) verification for withdrawals and higher-tier trading privileges, ensuring compliance with global financial regulations.
• Offshore Operations Strategy – Bybit continues to expand in markets with favorable crypto regulations while restricting services in jurisdictions with stringent policies, such as the U.S. and the U.K.

Trading Volume and Market Position

As of 2025, Bybit maintains:

• Daily trading volume: Approximately $4 billion
• Total assets under management: Over $12 billion
• Available trading pairs: 661
• Listed cryptocurrencies: 544

Technology Infrastructure

The platform offers:

• Advanced trading interface
• Multiple order types
• Real-time market data
• API access for automated trading
• Mobile applications for iOS and Android

Partnerships and Integrations

Bybit strategically partners with:

• Leading blockchain protocols
• Payment service providers
• Financial institutions
• Web3 infrastructure providers