Bybit has been upgrading for investors
The crypto market has been ups and downs in the past six months, and the next six months may also be full of uncertainties. Bybit’s experience in recent months tells us that changes in the crypto market are always unexpected. The crypto market suffered severe losses in May and June, and asset prices fluctuated sharply. Looking back at the first half of 2021, the market is also showing positive signs: the first quarter of crypto assets experienced skyrocketing, institutional investors have expressed support for crypto assets, the king of cryptocurrencies, the price of Bitcoin has repeatedly hit record highs, and the prices of ether and other popular tokens have also continued Break the record.
In the past six months, Bybit’s users have also continued to grow, and its membership has more than doubled. At present, Bybit’s global trading users have reached 2.5 million, covering more than 200 countries and regions.
In addition, Bybit has also achieved the following important achievements:
- Set a transaction value of more than one trillion U.S. dollars in the first quarter.
- Daily transaction volume hit a record high of 76 billion U.S. dollars.
- Accounted for $4.9 million in global open interest in Bitcoin.
- Ether accounts for more than 20 billion U.S. dollars in the global total.
Without the strong support of the community and partners, Bybit would not have achieved such impressive results. In addition, Bybit has listened extensively to opinions from all parties and continue to improve, and more blockbuster products and services will be launched.
Please watch the Bybit semi-annual product launch below, Bybit’s CEO Ben will give you a further introduction.
Watch Bybit’s semi-annual product launch
The new-look of Bybit
Bybit will update its style and change its appearance. Bybit will update the logo, change the homepage design, and launch a new web page and mobile user interface to bring you a more relaxed and convenient user experience. Both the Bybit webpage and mobile terminal will have a new look. Before that, Bybit took the lead in launching a new Logo.
The logo represents Bybit’s philosophy and values. The new logo can show that Bybit is brave enough to take risks and pursue a fresh look. The “i” design in Bybit is inspired by the candlestick chart, which represents the ever-changing crypto market. Bybit’s core philosophy has always remained unchanged. Bybit will widely adopt the opinions of community members, meet the needs of community members, and continue to pursue innovation to maintain its leading position in the encryption field.
ByFi Center
DeFi will change the encryption ecosystem. In order to allow DeFi to enter millions of households, Bybit has recently launched the ByFi Center. First of all, you will enjoy the cloud mining service in the ByFi Center to enhance the hashing power of Ethereum coin mining. You can use the service on demand at any time. Cloud mining services are available at any time, never downtime, which will reduce your risk while bringing more returns, allowing you to be more confident when mining.
Cloud Mining was first launched on May 24, 2021, and every time a contract was launched, it was sold out. Bybit expects to increase supply and support assets other than Ethereum. The future is here, try online ether mining now.
What is DeFi (Decentralized Finance)?
2021 WSOT World Trading Competition
The 2020 season is unforgettable, attracting 12,000 traders from all over the world. After upgrading, the 2021 WSOT World Trading Competition has returned. Scale expanded, challenges escalated, and rewards doubled. Bybit will launch an epic trading competition in August, so stay tuned.
Find out more about Bybit’s Trading Competition
Spot and options trading
Bybit will launch a major update this year to support spot and options trading.
As we all know, spot trading of encrypted assets is not only the basic starting point for novices to enter the market, but also an important means for derivatives traders to configure hedging strategies. This feature is expected to be launched in the third quarter when Bybit will launch new cryptocurrency trading pairs and new crypto assets at the same speed.
In order to improve the allocation of derivatives, Bybit expects to launch the options trading function in the fourth quarter. The platform will support the trading of American options and European options at the same time, and users will obtain maximum liquidity from the two markets.
Start trading Cryptos with Bybit
Wallet 2.0 — Withdraw coins easily anytime
Another highly anticipated blockbuster update is Wallet 2.0. Currently, the Bybit platform supports withdrawals from cold wallets at a fixed time three times a day. With the upgrade of Bybit’s ecological functions, Bybit has also improved the wallet withdrawal function.
In the future, there will be no need to wait for withdrawals, and there will be no limit on the number of times. After Wallet 2.0 is online, users can initiate a request at any time and withdraw money immediately. Wallet 2.0 will be launched simultaneously with the spot trading function, so stay tuned!
Bybit will bring you unlimited surprises. Bybit’s complete products and functions will be fully presented by the end of this year. No need to switch other platforms, Bybit will meet the various needs of global cryptocurrency enthusiasts in one stop!
Stay tuned to Bybit social media and Telegram community for the latest developments.
Please check Bybit official website or contact the customer support with regard to the latest information and more accurate details.
Bybit official website is here.
Please click "Introduction of Bybit", if you want to know the details and the company information of Bybit.
Comment by Hans
April 24, 2024
as I am trading here various assets, for me it's the most important feature. i mean, flexibility in tradable markets. i alternate trading styles, meaning that sometimes I trad...