Bybit is a cryptocurrency exchange founded in March 2018 and headquartered in Singapore. It is a platform that provides traders with the ability to trade a variety of cryptocurrency pairs using both spot and derivatives markets


Bybit, established in late 2018, has quickly become a well-known exchange for cryptocurrency and derivatives trading. Initially based in Singapore, Bybit relocated its headquarters to Dubai in 2022. The exchange primarily focuses on derivatives trading but also provides services in spot trading, staking, and more. It enables traders to engage in cryptocurrency perpetual contracts with leverage options of up to 100x. In its relatively short period of operation, Bybit has amassed significant liquidity and recognition, emerging as one of the leading and most frequented crypto exchanges globally. With a user base exceeding 20 million, Bybit processes over $10 billion in trades daily and consistently ranks as one of the top exchanges in 24-hour contract trading volume.

Company Stats

Foundation date 2018
Headquarter  UAE
CEO Ben Zhou
Trading volume  $10 billion 


Bybit account opening process only requires a phone number or email address, as it does not have KYC (Know Your Customer) requirements. To protect users assets, Bybit employs several security measures. This includes storing all client funds in cold storage, and manually reviewing each withdrawal request to prevent unauthorized transactions. Furthermore, Bybit engages with ethical hackers through its bug bounty program, inviting them to identify and report system vulnerabilities. 

For individual user security, Bybit has implemented two-factor authentication for both withdrawals and any changes to account security settings. The website itself is fortified with SSL-encrypted communications to mitigate risks such as online snooping and phishing attacks, and it uses HTTPS for secure communication.

The Bybit web platform is known for its user-friendly design and integration of advanced TradingView charts, facilitating technical analysis for those familiar with them. The platform is also resourceful for learners, offering educational materials that cater to both beginners and experienced traders.

Geographically, Bybit is accessible in over 200 countries but faces restrictions in certain regions like the United States and Canada due to regulatory constraints. The platform's offerings are diverse, including the ability to invest and trade in cryptocurrencies, a feature to copy the trades of top crypto traders, a P2P market for direct trading, a Bybit card for spending crypto, business account options for crypto trading, an earning program for accruing interest on crypto assets, and options for leverage trading.

Bybit's trading options are extensive, featuring a spot market, a futures market, and the recent addition of a USDC options market. The platform boasts over 270 assets in the spot market and more than 200 contracts in the derivatives market. Users also have access to various services such as trading bots, lending, institutional services, and referral and affiliate programs. Bybit also provides margin and futures trading with up to 100x leverage on Bitcoin and 50x on other currencies, as well as short-term insurance against losses.

Bybit's boasts of capacity to handle 100,000 transactions per second, which is notably faster than many competitors. For newcomers or those looking to experiment without risk, Bybit offers a demo mode, alongside a regularly updated blog with news and updates to keep users informed.


Information regarding Bybit's investment activities and the entities they have invested in is somewhat limited online. According to Crunchbase, Bybit has participated in 16 investment rounds. The most recent of these was on October 16, 2023, when they invested $200K in IMB DAO. Bybit's investment portfolio includes various companies like Ethena, P2P Validator, BlockSec, Galaxy Blitz, among others.

In related news, as reported by several prominent media outlets, the now-bankrupt cryptocurrency firm FTX has filed a lawsuit against the exchange platform Bybit. FTX is seeking to recover around $953 million that was allegedly transferred to Bybit's investment branch. The legal claim states that Bybit's investment arm "received gross transfers from FTX.com of digital assets currently valued at approximately $838 million." Reportedly, about $500 million of this amount was moved just days before FTX suspended withdrawals on November 8, 2022. The lawsuit also claims that an additional $115 million in digital and fiat assets were sent to entities and individuals connected with Bybit.

Management Team

Bybit Exchange is a part of Bybit Fintech Limited, a company registered in the British Virgin Islands. Founded in March 2018 by Ben Zhou, a former forex broker, Bybit has grown under his leadership. Zhou, a notable figure in the blockchain industry, previously held the position of China General Manager at XM, a forex and CFD broker, from 2010 to 2017.

The exchange boasts a team of professionals with expertise in both blockchain technology and finance. This team includes individuals with backgrounds from prestigious organizations like Morgan Stanley and Tencent. Their profiles and professional histories are accessible on LinkedIn, as mentioned on Bybit's "About Us" page.

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