What is Bybit?
With over 2 million registered customers, Bybit, which was founded in March 2018, is one of the fastest-growing cryptocurrency exchanges. They strive to provide a professional, smart, intuitive, and innovative online trading and cloud mining experience for retail and institutional clients around the world, based on customer-centric ideals. Bybit is dedicated to fostering a fair, transparent, and efficient exchange environment, and provides multilingual customer care 24 hours a day, 7 days a week.
Derivatives products currently provided by the Bybit platform are coin-margined inverse perpetual contracts (BTCUSD, ETHUSD, XRPUSD, and EOSUSD), USDT-margined linear perpetual contracts (BTCUSDT, ETHUSDT, BCHLINK, LINKUSDT, LTCUSDT, XTZUSDT, ADAUSDT, DOTUSDT, UNIUSDT, AAVEUSDT, SUSHIUSDT, XEMUSDT, XRPUSDT, and DOGEUSDT) and coin-margined inverse futures contracts (BTCUSD quarterly and ETHUSD quarterly).
The Core Group
Early blockchain adopters and industry aficionados make up their founding team, which includes pioneering professionals from the foreign exchange and investment banking industries, as well as early blockchain adopters and enthusiasts. The ambition of their founding partners is implemented by a team of industry-leading technology developers made up of financial and consumer technology specialists with extensive experience in vertical innovation.
What They Stand For
The makers of Bybit are always listening, caring, and striving to improve. By merging the finest of cryptocurrencies and traditional finance, they hope to continue transforming the sector. Their cutting-edge, user-friendly platform was built from the ground up with best-in-class technology to give users the safest, fastest, fairest, and most transparent trading experience in the business.
Why choose Bybit?
1) Trading System using Intelligence
You can set up, take profit and stop-loss orders at the point of entry, get strategy notifications, and alter your orders with a single click.
2) Market Depth is Significant
Bybit provides best-in-class market depth, with each trade done with the least amount of price impact possible.
3) Cold Wallet HD
Their industry-leading HD cold wallet system ensures that your funds are protected.
4) Matching Engine with 100K TPS
With their lightning-fast matching engine, you’ll never have to worry about overloads.
5) A Cutting-Edge Pricing System
With their dual-price approach, you can rest assured that you will not be subjected to unfair liquidations.
6) Market Data is delivered every 20ms using a powerful API.
With their strong API, you may conduct high-frequency trading with lightning-fast market updates.
7) System functionality is at 99.99 percent.
Thanks to their grey release feature and on-the-fly hot updates, there are no service outages.
8) Customer Service is available 24 hours a day, 7 days
Their bilingual, round-the-clock customer service team can answer all of your questions at any time.
Ben Zhou, Co-Founder, and CEO
Ben, the co-founder, and CEO of Bybit, has over 7 years of experience running a retail FX brokerage. He got into crypto in mid-2016 after hearing about blockchain technology and how the token economy works in the system from one of his pals, and he was immediately fascinated. He would spend most of my free time conducting research; the crypto market is significantly different from the regular financial business in that it is immature, inefficient, and full of potential.
By the end of 2017, the market had become extremely popular, and many people lacked comprehension and were unable to conduct proper due diligence. He began his video project reviews and was a part-time Youtube KOL, mostly using WeChat to bridge the information gap between the western and Asian worlds. He had about 20,000 followers. By April 2018, he had gathered his collaborators and launched Bybit, our initiative, which is where his true competence lies.
Website : https://go.bybit.com/e/Bybit.LinkedIn
Industry : Financial Services
Company size : 51-200 employees
Type : Privately Held
Founded : 2018