Bybit Surpasses 40 Million Users, Gains 10 Million New Users in Less than 90 Days

[PRESS RELEASE – Dubai, United Arabs Emirates, August 16th, 2024]

Bybit, the world’s second-largest crypto exchange by trading volume, is thrilled to announce a major milestone as its registered user base surpasses 40 million worldwide. This extraordinary achievement underscores Bybit’s rapid growth and solidifies its position as a preferred platform for millions of crypto enthusiasts and traders globally.

With its unwavering commitment to user satisfaction and innovation, Bybit has witnessed an astonishing surge of 10 million new users within just 90 days. This exponential growth showcases the platform’s ability to meet the evolving needs of the crypto community by providing a secure, reliable, and user-friendly trading environment.

“Reaching 40 million users is a monumental achievement but also underscores the responsibility we have toward our users and the industry as a whole.,” said Ben Zhou, Co-founder and CEO of Bybit. “Bybit is committed to setting clear principles and embracing transparency for listing and token performance, providing further product education to help users maximize their assets. Additionally, we will establish more non-profit initiatives like Blockchain for Good Alliance (BGA) to nurture blockchain builders. We are dedicated to fostering a thriving ecosystem that bridges the gap between traditional and decentralized finance, while upholding the highest standards of platform safety and security.”

Key Highlights:

• 40 Million Strong: Bybit’s registered user base has surpassed 40 million, strengthening its position as a global crypto leader.
• Rapid Growth: The platform gained 10 million new users in just 90 days, demonstrating its exceptional growth trajectory and popularity within the global crypto communities.
• World’s Second-Largest Crypto Exchange: Bybit maintains its position as the world’s second-largest crypto exchange by trading volume, excelling in both spot and derivatives markets, with its spot market share rising to 20% and ranking second overall.
• Robust Trading Volume: The platform boasts an average daily trading volume of US$25 billion, and recently achieved an all-time high of over US$100 billion, reflecting strong market confidence on the platform.
• Mass Web3 Adoption: With 10 million Web3 wallet users, Bybit is at the forefront of driving Web3 adoption and empowering users to take control of their digital assets.

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About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 40 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.

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