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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